DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Outstanding Derivative Instruments and Cash Collateral

Information regarding the Company’s outstanding derivative instruments and collateral posted with (owed to) brokers is included in the following table:

	September 30, 2018			December 31, 2017
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	4,822		$	722
Commodity derivative liabilities	(11,796		)	(3,847		)
Foreign currency derivative assets	430			45
Foreign currency derivative liabilities	(1,943		)	(211		)
Collateral posted with brokers(a)	14,534			8,021
Derivatives coverage(b):
Corn	14.6		%	3.1		%
Soybean meal	11.0		%	1.7		%
Period through which stated percent of needs are covered:
Corn	September 2019			March 2019
Soybean meal	December 2019			December 2018

(a) Collateral posted with brokers consists primarily of cash, short term treasury bills, or other cash equivalents.

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

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

The following tables present the components of the gain or loss on derivatives that qualify as cash flow hedges:

	Gain (Loss) Recognized in Other Comprehensive Income on Derivative (Effective Portion)
	Thirteen Weeks Ended					Thirty-Nine Weeks Ended
	September 30, 2018		September 24, 2017			September 30, 2018			September 24, 2017
	(In thousands)
Foreign currency derivatives	$	130	$	(779	)	$	33		$	(128	)
Total	$	130	$	(779	)	$	33		$	(128	)
	Net Realized Gains (Losses) Recognized in Income on Derivative (Ineffective Portion)
	Thirteen Weeks Ended					Thirty-Nine Weeks Ended
	September 30, 2018		September 24, 2017			September 30, 2018			September 24, 2017
	(In thousands)
Foreign currency derivatives	$	—	$	—		$	—		$	—
Total	$	—	$	—		$	—		$	—
	Gain (Loss) Reclassified from AOCI into Income (Effective Portion)
	Thirteen Weeks Ended					Thirty-Nine Weeks Ended
	September 30, 2018		September 24, 2017			September 30, 2018			September 24, 2017
	(In thousands)
Foreign currency derivatives	$	143	$	—		$	(329	)	$	(9	)
Total	$	143	$	—		$	(329	)	$	(9	)