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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 29, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Derivative Instruments and Cash Collateral
Information regarding the Company’s outstanding derivative instruments and cash collateral posted with (owed to) brokers is included in the following table:
 
June 29, 2014
 
December 29, 2013
 
(Fair values in thousands)
Fair values:
 
 
 
Commodity derivative assets
$
4,142

 
$
2,889

Commodity derivative liabilities
(8,166
)
 
(1,728
)
Cash collateral posted with brokers
18,370

 
4,142

Foreign currency derivative assets

 
1,214

Foreign currency derivative liabilities
(396
)
 

Derivatives coverage(a):
 
 
 
Corn
(4.4
)%
 
1.1
 %
Soybean meal
(27.2
)%
 
(3.6
)%
Period through which stated percent of needs are covered:
 
 
 
Corn
September 2015

 
September 2015

Soybean meal
December 2014

 
July 2014

(a)
Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.