DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 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 collateral posted with brokers is included in the following table:

	June 30, 2019			December 30, 2018
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	3,987		$	2,263
Commodity derivative liabilities	(20,635		)	(4,791		)
Foreign currency derivative assets	1,372			1,311
Foreign currency derivative liabilities	(166		)	(6,649		)
Collateral posted with brokers(a)	33,379			23,192
Derivatives coverage(b):
Corn	27.7		%	6.0		%
Soybean meal	29.6		%	6.0		%
Period through which stated percent of needs are covered:
Corn	July 2020			March 2020
Soybean meal	May 2020			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 Loss on Derivative
	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	June 30, 2019			July 1, 2018			June 30, 2019		July 1, 2018
	(In thousands)
Foreign currency derivatives	$	1,303		$	(98	)	$	388	$	(97	)
Total	$	1,303		$	(98	)	$	388	$	(97	)
	Gain (Loss) Reclassified from AOCI into Income
	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	June 30, 2019			July 1, 2018			June 30, 2019		July 1, 2018
	(In thousands)
Foreign currency derivatives	$	(48	)	$	(222	)	$	173	$	(472	)
Total	$	(48	)	$	(222	)	$	173	$	(472	)