Sam Rovit Quotations

From my standpoint I don't think it's credible. It is a lot of smoke, a lot of hot air. But were it to go forward, I think they would find it a lot tougher to operate than anyone thinks.

Global protein sector challenges continued during the past quarter. High poultry inventories depressed retail poultry prices and contributed to declines in pork pricing in the US, although US pork industry volumes increased over last year. At the same time, extraordinarily high US live cattle costs in relation to finished box beef prices, combined with a continued lack of access to major Asian export markets, limited our beef operating results.

Last fall, Swift & Co. unveiled a new strategic vision to become the best red meat provider in the world. Important components of that vision included the need for innovation and operational excellence. Today, we are announcing investments in our Greeley beef plant that will expand our innovative value-added processing capabilities and strengthen our competitive position in the marketplace.

We'd like to have clear guidelines, and we'd be happy to follow them.