DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 26, 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:

	June 26, 2016			December 27, 2015
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	23,119		$	1,677
Commodity derivative liabilities	(20,038		)	(5,436		)
Cash collateral posted with brokers	10,366			9,381
Derivatives coverage(a):
Corn	0.8		%	7.0		%
Soybean meal	13.8		%	4.1		%
Period through which stated percent of needs are covered:
Corn	May 2017			March 2017
Soybean meal	August 2017			July 2016

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