National & World Ag News Headlines Pilgrim's Pride Has Profitable First Quarter USAgNet - 05/06/2013 Pilgrim's Pride Corp., a subsidiary of JBS SA, reported first quarter 2013 net income of $54.6 million, or 21 cents per share, compared to net income of $39.2 million, or 18 cents per share in the comparable quarter in 2012. Net sales totaled $2.0 billion, and EBITDA was $116.9 million for the quarter compared to $1.9 billion in sales and EBITDA of $116.9 million, the company said. Pilgrim's achieved its positive results despite a $141 million increase in feed costs over the first quarter a year-ago. "Every quarter we see that our strategy and execution is working effectively," said Bill Lovette, Pilgrim's CEO. "We delivered better results year over year despite $141 million of increased feed ingredient costs. By focusing on creating value with our key customers, we have diversified our product mix, honed our execution and are seeing our portfolio of business become a more profitable model." Lovette says his firm's pursuit of operational excellence has also resulted in an improved safety record, significantly better than the industry average. Send this article to a friend Other National Headlines Meatless Mondays Being Dropped From House Cafeterias China's Farm Produce Prices Going Up Monsanto Receives Approval for Intacta RR2 PRO Soybeans AAW Holds Annual Symposium in Washington, D.C. Cargill to Acquire Northstar Grain LLC Another Attempt to Remove Stabilization From DSA Cornell: Farm Bill Dairy Will Cost More Than Goodlatte-Scott Copyright © 2013 - USAgNet.com. All Rights Reserved.