DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2013

DERIVATIVE FINANCIAL INSTRUMENTS [Abstract]

Schedule of Outstanding Derivative Instruments and Cash Collateral Posted With (Owed To) Brokers

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

	June 30, 2013			December 30, 2012
	(Fair values in thousands)
Fair values:
Commodity derivative assets, gross	$	6,671		$	1,821
Commodity derivative liabilities, gross		(766	)		(1,530	)
Cash collateral posted with (owed to) brokers		6,626			(166	)
Derivatives Coverage(a):
Corn		(0.9	)%		-	%
Soybean meal		(1.0	)%		-	%
Period through which stated percent of needs are covered:
Corn		September 2014			December 2013
Soybean meal		December 2013			December 2013
Short positions on outstanding futures instruments(b):
Fair value	$	3,937		$	1,464
Number of contracts:
Corn		1,478			584
Wheat		360			-
Soybean meal		568			269

(a)	Derivatives coverage is the percent of anticipated commodity needs covered by outstanding derivative instruments through a specified date.
(b)	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 takes short positions on futures derivative instruments to minimize the impact of feed ingredients price volatility on its operating results.