Pilgrim's Pride shares rise on corn report
Greeley-based Pilgrim's shares saw an increase of nearly 6 percent to $7.16 shortly before 2 p.m. eastern time.
Corn production in the United States is expected to rise this year to 14.79 billion bushels, which would smash the previous record of 13.092 billion bushels in 2009. Chicken producers use corn in chicken feed.
Shares of chicken producer Sanderson Farms and ethanol producers Archer Daniels Midland and Green Plains also saw share prices rise.
More breaking news...
CU hosting pair of entrepreneurial challenges
Fort Collins-based New Belgium is building a 133,000-square-foot brewery
Loveland resets date for fracking moratorium election
The CUCleantech New Venture Challenge - a regional semifinal for the national competition in
The Loveland City Council this week agreed to hold the election June 24, the same day