Sales climbed even as the poultry processor faced challenges brought on by COVID-19 and harsh winter weather.

Trade surplus forecasts will be $19.5 billion in fiscal year 2021.

The poultry company continues dealing with pandemic-related foodservice closures.

Increased operating income and operating margin were among the positives for the company’s fiscal quarter and end of year.

Surge in second-half demand provided growth ahead of schedule.

Top-line growth was driven by accelerated performance of Meat Protein Group.

The budget reduction reflects proposed cuts in research, publications and staff.

Management is focusing on improving innovation and customer service while reducing employee turnover.

The company reported eliminating and moving jobs after ‘careful consideration.’

Sales in the company’s Chicken and Pork segments increased as Beef and Prepared Foods dipped slightly.