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Why Sanderson Farms Stock Jumped Today

TheMotleyFool

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Shares of Sanderson Farms (NASDAQ: SAFM) were moving up in the pecking order today after the poultry processor got a boost on news that China was expected to lift its ban on U.S. poultry imports as part of ongoing trade negotiations.

As a result, Sanderson Farms was trading up 13.7% as of 10:55 a.m. EDT Monday. Other poultry processors, including Pilgrim's Pride (NASDAQ: PPC) and Tyson Foods (NYSE: TSN), were up as well, gaining 5.7% and 3.3%, respectively. Since Sanderson is the smallest of the bunch, it seems to have the most to gain from the news.

Image source: Getty Images.

Source Fool.com

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