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...
Synergy increases borrowing base to $90M
Neuromuscular science program seeks funds
"It gives us another $15 million on the credit facility
The Muscles Alive! program
Columbine Health's Windsor facility complete
Polis, COGA spar over fracking votes
Nursing shortage? Not in Colorado…yet