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Pride for Pilgrim’s

This article was originally published in Foodnews

PILGRIM’s Pride, the US chicken firm, has posted its first profit since 2010. The group recorded a net income of USD40.0 million in the first quarter of 2012, compared with a loss of USD120 million in the year-ago period. “We are clearly headed in the direction we want to be,” said chief executive, Bill Lovette. “This quarter confirms our belief – the industry can be profitable even at varying grain price points given the right focus on discipline.”



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