Source:  Rita Jane Gabbett, MEATINGPLACE.COM, 8/3/10

Celaya, Mexico-based Industrias Bachoco S.A.B. de C.V. reported increased sales and profits from its poultry and swine operations in the second quarter, ended June 30.

The company reported a 3.6 percent increase in total sales from a year ago.

"We saw an adequate demand for our chicken products, our main product line, and by keeping a close control of expenses and productivity improvements it allowed us to achieve sound results during the quarter,” said CEO Cristobal Mondragon in a news release. He noted the second quarter is typically strong for the Mexican poultry industry.

"In addition, we obtained good results in the swine, balance feed and other lines businesses, but weaker results in our egg business line,” he noted.

Sales of chicken products increased 8.5 percent compared to last year’s second quarter, as a 5.1 percent decline in chicken prices partially offset the 14.3 percent increase in volume.

The swine business line was stable during the second quarter. Sales were strong and rose 33.8 percent, comprised of a 21.6 percent gain in swine prices and 10.0 percent increase in volume sold.

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