SANDERSON FARMS INC
			Symbol			SAFM

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Sanderson Farms Expands Stock Repurchase Program to 1,000,000 Shares

2009-10-22 14:32 ET - News Release

Company Website: http://www.sandersonfarms.com/
LAUREL, Miss. -- (Business Wire)

Sanderson Farms, Inc. (NASDAQ:SAFM) today announced that its Board of Directors expanded its stock repurchase program to 1 million shares. The Company’s Board of Directors previously authorized the repurchase of up to 225,000 shares in April 2008. Under the stock repurchase program, shares may be purchased from time to time at prevailing prices in open market transactions or in negotiated purchases, subject to market conditions, share price and other considerations. Sanderson Farms currently has approximately 20.3 million shares of common stock outstanding.

“The expansion of our stock repurchase program highlights the Board’s confidence in the future of Sanderson Farms,” stated Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms. “We plan to use our expanded stock repurchase program to offset shares issued through our equity compensation programs. We believe this program represents a good use of corporate funds while minimizing potential dilution related to our equity compensation programs.”

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