Inventories

6 Months Ended

Jul. 04, 2015

Inventories

Inventories

Note 3 — Inventories

The following is a summary of inventories at July 4, 2015 and December 31, 2014:

	July 4,			December 31,
(Thousands of dollars)	2015			2014
At lower of LIFO cost or market:
Live hogs and materials	$	212,405		$	208,641
Fresh pork and materials	27,140			28,573
	239,545			237,214
LIFO adjustment	(30,992		)	(36,560		)
Total inventories at lower of LIFO cost or market	208,553			200,654
At lower of FIFO cost or market:
Grains, oilseeds and other commodities	266,388			320,066
Sugar produced and in process	51,069			48,863
Other	59,785			57,344
Total inventories at lower of FIFO cost or market	377,242			426,273
Grain, flour and feed at lower of weighted average cost or market	79,175			109,375
Total inventories	$	664,970		$	736,302