Inventories

6 Months Ended

Jun. 26, 2011

6. INVENTORIES

Inventories consisted of the following:


	June 26, 2011		December 26, 2010
	(In thousands)
Chicken:
Live chicken and hens	$	397,573	$	348,700
Feed, eggs and other		226,640		221,939
Finished chicken products		322,303		440,458

Total chicken inventories		946,516		1,011,097


Other products:
Commercial feed, table eggs and other		14,419		12,355
Distribution inventories (other than chicken products)		6,132		5,802

Total other products inventories		20,551		18,157

Total inventories	$	967,067	$	1,029,254

Inventories included a lower-of-cost-or-market allowance of $2.5 million at December 26, 2010. There was no lower-of-cost-or-market allowance at June 26, 2011.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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