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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
3 Months Ended
Mar. 27, 2016
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:
 
March 27, 2016
 
December 27, 2015
 
(Fair values in thousands)
Fair values:
 
 
 
Commodity derivative assets
$
1,956

 
$
1,677

Commodity derivative liabilities
(4,866
)
 
(5,436
)
Cash collateral posted with brokers
7,631

 
9,381

Derivatives coverage(a):
 
 
 
Corn
3.5
 %
 
7.0
%
Soybean meal
(15.4
)%
 
4.1
%
Period through which stated percent of needs are covered:
 
 
 
Corn
March 2017

 
March 2017

Soybean meal
September 2016

 
July 2016

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