DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2019

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 brokers is included in the following table:

	March 31, 2019			December 30, 2018
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	3,591		$	2,263
Commodity derivative liabilities	(11,116		)	(4,791		)
Foreign currency derivative assets	1,009			1,311
Foreign currency derivative liabilities	(2,034		)	(6,649		)
Cash collateral posted with brokers(a)	20,373			23,192
Derivatives coverage(b):
Corn	12.0		%	6.0		%
Soybean meal	7.0		%	6.0		%
Period through which stated percent of needs are covered:
Corn	March 2020			March 2020
Soybean meal	December 2019			December 2019

(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
	Thirteen Weeks Ended
	March 31, 2019			April 1, 2018
	(In thousands)
Foreign currency derivatives	$	(915	)	$	1
Total	$	(915	)	$	1
	Gain (Loss) Reclassified from AOCI into Income
	Thirteen Weeks Ended
	March 31, 2019			April 1, 2018
	(In thousands)
Foreign currency derivatives	$	221		$	(250	)
Total	$	221		$	(250	)