date:Aug 20, 2013
igher raw bran costs, which were approximately 22% higher in the USA Segment and 19% higher in the Brazil segment. Raw bran prices have begun to moderate compared to all time highs experienced in 2012 and early 2013, but remain at high levels.
Consolidated operating expenses were $2.6 million, compared to $4.6 million for the second quarter of 2012, an improvement of $2.1 million resulting from a reduction in USA segment impairment charges between period of $1.1 million and gains on sales of eq