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                      SECURITIES AND EXCHANGE COMMISSION 
                             Washington, D.C.  20549 
 
                                   Form 10-Q 
 
(x)  Quarterly Report Pursuant to Section 13 or 15(d) of the Security Exchange 
     Act of 1934 for the Quarterly period ended September 27, 1997 
 
                                     or 
 
(  )  Transition Report Pursuant to Section 13 or 15(d) of the Securities       
      Exchange Act of 1934 For the Transition period from ______ to _______ 
 
                         Commission File Number 1-7138 
  
                                  CAGLE'S, INC. 
 
                GEORGIA                                58-0625713 
  (State or other Jurisdiction of         (I.R.S. Employer Identification No.) 
   Incorporation or Organization) 
 
                 2000 Hills Avenue, N. W. Atlanta, Georgia  30318 
 
              (Address of Principal Executive Offices and Zip Code) 
 
                                  (404) 355-2820 
 
              (Registrant's Telephone Number, Including Area Code) 
 
Indicate by check mark whether the registrant (1) has filed all reports  
required to be filed by Section 13 or 15(d) of the Securities Exchange Act  
of 1934 during the preceding 12 months (or for such shorter period that the  
Registrant was required to file such reports), and (2) has been subject to  
such filing requirements for the past 90 days. 
 
                  Yes  __x__                   No ______ 
 
Indicate the number of shares outstanding of each of the issuer's classes of 
common stock, as of the latest practicable date 
 
       Class                                      Outstanding June 28, 1997 
--------------------------------------          ----------------------------- 
Class A Common Stock, $1.00 Par Value	                 5,006,281 
 
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<TABLE> 

PART 1.  FINANCIAL INFORMATION 
 
Cagle's, Inc. And Subsidiary 
Consolidated Balance Sheets 
September 27, 1997 and March 29, 1997
(In Thousands, Except Par Value) 
(9/97=Unaudited) 
<CAPTION>

                                                   09/27/97       03/29/97 
                                                 ------------   ------------- 
<S>                                              <C>            <C>
Assets 
----------------------------------------- 
CURRENT ASSETS 
Cash                                                  $  306          $   94 
Accounts receivable, net of allowance for 
doubtful accounts of $571 and $408 at 
Sept. 27, 1997 and March 29, 1997, 
respectively                                          22,215          18,001 
Inventories                                           30,219          33,466 
Insurance Proceeds Receivable                              0           3,054 
Deferred Income Tax                                        0             114
Other current assets                                   1,457           2,075 
                                                 ------------    ------------ 
Total current assets                                  54,197          56,804 
                                                 ------------    ------------ 
INVESTMENTS IN AND RECEIVABLES FROM 
UNCONSOLIDATED AFFILIATES                             22,275          19,570 
OTHER ASSETS                                             694             692 
PROPERTY, PLANT, AND EQUIPMENT                        98,620         100,305 
Less accumulated depreciation                        (39,197)        (37,974) 
                                                 ------------    ------------ 
Property, plant, and equipment, net                   59,423          62,331 
                                                 ------------    ------------ 
TOTAL ASSETS                                        $136,589        $139,397 
                                                 ============    ============ 
</TABLE>
<TABLE>
<CAPTION>
LIABILITIES & STOCKHOLDERS' EQUITY                                            
-----------------------------------------                                     
<S>                                              <C>             <C>
CURRENT LIABILITIES                                                          
Current Maturities of Long Term Debt              $    2,794      $    3,325 
Accounts payable                                      13,596          12,460 
Accrued expenses                                      10,778           9,079 
                                                 ------------    ------------ 
Total Current Liabilities                             27,168          24,864 
                                                 ------------    ------------ 
LONG TERM DEBT (net of current maturities)            44,071          49,798 
NONCURRENT DEFERRED INCOME TAXES                      10,980          11,276 
                                                 ------------    ------------ 
STOCKHOLDERS' EQUITY: 
Common stock, $1 par value; authorized 9,000  
shares and 5006 and 5006 shares issued 
respectively                                           5,006           5,006 
Capital in excess of par value                         7,946           7,946 
Treasury Stock held for options                         (222)              0
Retained earnings                                     41,640          40,507 
                                                 ------------    ------------ 
Total stockholders' equity                            54,370          53,459 
                                                 ------------    ------------ 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY         $ 136,589       $ 139,397 
                                                 ============    ============ 
<FN>
The accompanying notes are an integral part of these consolidated financial 
statements. 
</TABLE>
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<TABLE>
Cagle's, Inc., & Subsidiary 
Consolidated Statements of Income 
For the 26 weeks ended September 27, 1997 and September 28, 1996 
(Amounts in thousands, except per share data) 
(unaudited) 
                                        13 wks    13 wks    26 wks    26 wks
                                         ended     ended     ended     ended
                                       09/27/97  09/28/96  09/27/97  09/28/96
                                       --------  --------  --------  --------
<S>                                    <C>       <C>       <C>       <C>
Net Sales                               $96,687   $92,021  $183,454  $175,835
 
Costs and Expenses: 
Cost of Sales                            93,343    88,856   174,988   171,926
Selling and Delivery                      2,717     2,768     5,575     5,237
General and Administrative                1,544     1,785     3,160     3,336
                                        -------  --------  --------  --------
Total costs and expenses                 97,604    93,409   183,723   180,499   
                                        -------  --------  --------  --------
Income (Loss) From Operations              (917)   (1,388)     (269)   (4,664)
 
Other Income(Expense):                                                   
Interest expense                           (908)   (1,484)   (1,885)   (2,480)
Income from unconsolidated 
affiliates and other 
income, net                               2,227     1,815     4,429     3,597
                                       --------  --------  --------  --------
Income (Loss) Before Income Taxes           402    (1,057)    2,275    (3,547)
 
(Provision) Benefit For Income Taxes       (143)      418      (842)    1,348
                                       --------  --------  --------  --------
Net Income (Loss)                      $    259  $   (639) $  1,433  $ (2,199)
                                       ========  ========  ========  ========
Weighted Average Number Of 
Common Shares Outstanding                 5,006     5,006     5,006     5,006
                                       ========  ========  ========  ========   
Net Income (Loss) Per Common Share     $   0.05  $  (0.13) $   0.29  $  (0.44)
Dividends Per Common Share                  .03       .03       .06       .06
                                       ========  ========  ========  ========
 
<FN>
The accompanying notes are an integral part of these consolidated  
financial statements. 


</TABLE>
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<TABLE>

Cagle's, Inc & Subsidiary 
Consolidated Statements of Cash Flows 
For the 26 weeks ended September 27, 1997 and September 28, 1996 
(In Thousands) 
(unaudited) 
<CAPTION>
                                                  Sept 28, 1997   Sept 29, 1996 
                                                  -------------   ------------- 
<S>                                               <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:                                         
Net Income (Loss)                                  $     1,433    $    (2,199)
 
Adjustments to reconcile net income to net cash 
provided by operating activities: 
Depreciation and amortization                            3,887           3,796 
(gain)loss on disposal of property, plant and 
equipment                                                  (17)             18 
Changes in investment in and receivables from 
unconsolidated affiliates                               (2,705)         (2,494) 
Changes in assets and liabilities: 
Accounts receivables, net                               (4,214)         (1,388) 
Inventories                                             (3,247)         (5,475)
Insurance Proceeds Receivable                            3,054           3,201
Deferred Income Taxes asset                                114               0
Other current assets                                       618           1,285
Accounts payable                                         1,136           5,898 
Accrued expenses                                         1,699            (279) 
Income taxes payable                                         0            (184) 
Deferred income taxes payable                             (296)          1,438)
                                                        -------         ------- 
Total Adjustments                                        6,523           2,940
                                                        -------         ------- 
Net cash provided (uses) by operating activities         7,956             741
                                                        -------         ------- 
 
CASH FLOWS FROM INVESTING ACTIVITIES: 
Additions to property, plant, and equipment               (975)         (1,738)
(Increase)decrease in other assets                         (16)             (1) 
Proceeds from the sale of property, plant, and equip.       25             107 
                                                        -------         -------
Net cash used in investing activities                     (965)         (1,632) 
                                                        -------         ------- 
Cash Flows from financing activities: 
Payments of long-term debt and capital 
lease obligations                                       (6,258)           (923)
Proceeds from issuance of long-term debt                     0           2,000 
Dividends Paid                                            (300)           (300)
Repurchase of Common Stock                                (222)              0
                                                        -------         ------- 
Net cash provided (used) by financing activities        (6,780)            777 
                                                        -------         ------- 
NET INCREASE(DECREASE) IN CASH                             211            (114)
CASH AT BEGINNING OF PERIOD                                 94             326 
                                                        -------         ------- 
CASH AT END OF PERIOD                                   $  305          $  212 
                                                        =======         ======= 
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: 
Cash paid during the period for: 
Interest                                                $1,142          $2,025 
                                                        =======         ======= 
Income Taxes paid                                       $  752          $    0 
                                                        =======         ======= 
<FN>
The accompanying notes are an integral part of these consolidated financial 
statements. 
</TABLE>
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Cagle's, Inc. & Subsidiary 
Notes to Consolidated Condensed Financial Statements 
September 27, 1997 
(unaudited) 
 
 
1.  In the opinion of Management, the accompanying unaudited consolidated 
     financial statements contain all adjustments which are of normal and 
     recurring nature, necessary to present fairly the consolidated financial 
     position of Cagle's, Inc. and Subsidiary(the "Company") as of September 
     27, 1997 and March 29, 1997 and the results of their operations and 
     their cash flows for the 13 weeks and 26 weeks ended September 27, 1997 
     and September 28, 1996.  
 
2.  The results of operations for the 13 weeks ended September 27, 1997 and
    September 28, 1996. are not necessarily indicative of the results expected 
    for the full year. 
 
3.  Inventories consisted of the following:  (In Thousands) 
 
                                   Sept 27, 1997        March 29, 1997 
 
Finished Product	                       $ 9,940              $ 12,188 
Field Inventory and Breeders             15,562                16,294 
Feed, Eggs, and Medication                3,228                 3,472 
Supplies	                                 1,489                 1,512 
                                    ----------------     -------------- 
                                        $30,219               $33,466 
 
4.  Use of Estimates 
     The preparation of financial statements in conformity with generally 
     accepted accounting principles requires management to make estimates 
     and assumptions that affect the reported amounts of assets and liabilities,
     the disclosures of contingent assets and liabilities at the date of the  
     financial statements, and the reported amounts of revenues and expenses 
     during the reporting period.  Actual results may vary from those
     estimates. 
 
5.  Investments in and Receivables from Unconsolidated Affiliates. 
 
    The Company accounts for its investments in three unconsolidated affiliates
    using the equity method.  The Company's share of earnings and management 
    fees was $2,165,000 and $1,776,000 for the 13 weeks ended September 27,
    1997 and September 28, 1996 and $4,333,000 and $3,547,000 respectively for
    the 26 weeks ended September 27, 1997 and September 28, 1996.

<PAGE>
 
Management's Discussion and Analysis of Financial  
Condition and Results of Operation 
September 27, 1997 
 
 
Financial Condition 
 

The Company utilized improved cash flow generated by moderating feed cost 
during the quarter to reduce debt, and through the use of available capacity on
its unsecured credit lines.

The Company's current ratio declined to 1.99 at September 27, 1997 from 2.28 at
March 21, 1997.  Since the beginning of the year, however, the debt to total 
capital ratio has improved to .463 from .488.  As of the end of the period, 
the Company had available $11,750,000 for borrowing under existing lines of 
credit.
 
Results of Operations 
 
Sales for the 13 weeks and 26 weeks ended September 27, 1997, increased by 5.1%
and 4.3% respectively as compared to the same periods a year ago.  This 
increase is attributed mainly to 3% more pounds of production and additional 
product purchased outside for further processing.  Market prices were 2% lower
for whole birds. Dark meat for export was approximately 40% lower.  

Gross margins for the 13 week period ended September 27, 1997, were unchanged 
from the same period of a year ago as a sluggish export market for dark meat 
and high soy meal prices offset more moderate corn prices during the period.  
Margins for the 26 week period ended September 27, 1997, improved to 4.6% from 
2.2% during the corresponding period of a year ago which was the result of 
lower overall feed cost during the first quarter.


Selling, Delivery and Administrative Expenses 
 
Selling, delivery and administrative expenses were essentially unchanged from 
levels one year ago for the quarter and six months ended September 27, 1997. 
 
Interest Expense 
 
Interest expense for the quarter and six months ended September 27, 1997 was 
38.8% lower and 24% lower respectively than for the same periods of a year 
ago. This reduction is attributed to reduced debt levels from a year earlier.
Interest expense was impacted slightly by increases in short term borrowing 
rates.
 
Other Income 
 
Other income increased by 18.5% and 23.1% for the 13 weeks and 26 weeks ended 
September 27, 1997, respectively, as compared to the corresponding periods of 
one year ago and is the result of increased production at one of the Company's 
unconsolidated affiliates.  This affiliate attained its full production level 
in January, 1997.


Income Taxes 
 
The provision for income taxes reflects taxes at statutory rates adjusted for
available tax credits to which the Company is entitled. 
 

 
Part II	Other Information 
 
Item 9  Exhibits and Reports on Form 8-K 
	a.  Not applicable 
	b.  No reports on Form 8-K were filed during the quarter. 
 
Signatures 
 
	Pursuant to the requirements of the Securities and Exchange Act of 1934, 
the registrant has duly caused this report to be signed on its behalf by the  
undersigned thereunto duly authorized. 
 
 
 
Date:  November 6, 1997                      /s/      J. Douglas Cagle 
 
Date:  November 6, 1997                      /s/      Kenneth R. Barkley 
 

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