With demand for chicken and other poultry products heating up this Independence Day the Fast Money traders recommend putting Sanderson Farms on your radar
Considering top analysts have a ‘strong buy’ rating on this stock and a larger than expected corn crop is likely to drive down feed costs the Fast Money traders thinks this stock is worth watching.
However, don't go whole hog just yet. As you may know published reports suggest that China may block imports of chicken from the U.S. although Beijing denies those claims.
What does the uncertainty mean for Sanderson, the nation’s 4th largest poultry producer? We went right to the source. Find out from Sanderson Farms Chief Joe F. Sanderson. Watch the video below.
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Trader disclosure: On July 2nd, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Seymour Owns (AA), (AAPL), (BAC), (BX), (EEM), (FCX), (FXI), (FITB); Seymour's Firm Owns (NOK); Seymour's Firm Is Short (PBR); Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Terranova Owns (XBI), (ABT), (MSFT), (UUP), (RIMM); Najarian Owns (F) Call Spread; Najarian Owns (GS) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (V) & Short (V) Calls; Najarian Owns (PALM) call Spread; Najarian Owns (YHOO) Call Spread; Najarian Owns (WNR) & Short (WNR) Calls
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