DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

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

	December 30,			December 25,
	2012			2011
	(Fair values in thousands)
Fair values:
Commodity derivative assets	$	1,821		$	2,870
Commodity derivative liabilities		(1,530	)		(2,723	)
Cash collateral posted with (owed to) brokers		(166	)		3,271
Derivatives Coverage(a):
Corn		—			N/A
Soybean meal		—			N/A
Period through which stated percent of needs are covered:
Corn		December 2013			N/A
Soybean meal		December 2013			N/A
Written put options outstanding(b):
Fair value	$	—		$	(603	)
Number of contracts:
Corn		—			500
Expiration dates		N/A			March 2012
Short positions on outstanding futures derivative instruments(b):
Fair value	$	1,464		$	495
Number of contracts:
Corn		584			2,531
Soybean meal		269			96

(a)

Derivatives coverage is the percent of anticipated corn and soybean meal needs covered by outstanding derivative instruments through a specified date. At December 25, 2011, the Company held short derivative positions that exceeded open long derivative positions for both corn and soybean meal. Short derivative positions are held to offset long forward cash purchases.

(b)

A written put option is an option that the Company has sold that grants the holder the right, but not the obligation, to sell the underlying asset at a certain price for a specified period of time. When the Company takes a short position on a futures derivative instrument, it agrees to sell the underlying asset in the future at a price established on the contract date. The Company writes put options and takes short positions on futures derivative instruments to minimize the impact of feed ingredients price volatility on its operating results.