John Tyson
John Tyson
allow beef believe case cash cattle consumers continue decisions efficient marketing prefer producers raising rather rewards sell thousands
Thousands of producers prefer to sell cattle through marketing agreements, rather than in the cash market. The decisions in this case allow them to continue this practice, which they believe is more efficient and rewards them for raising cattle that produce the beef consumers demand.
buying cattle continue decision freedom gratified livestock market means practices producers proves supreme
We are gratified by the Supreme Court's decision in this case. This means U. S. cattle producers will continue to have the freedom to market cattle the way they want. It also proves our livestock buying practices are proper.
beef boxed capacity cattle declining effect export high low lower negative prices sales segment suffered worse
The beef segment suffered from low capacity utilization and declining boxed beef prices. The negative effect of high live cattle prices and lower sales was made worse by interruptions in export markets.
balance step tough
We will get a seasonal balance come May, June. It is going to get better. We're in a tough curve, and that's why you'll see us going to step on the accelerator when we come out of that curve.
quarter second tougher
We said the second quarter would be very tough, and it was even tougher than we anticipated.
anticipate based folks great guidance
Based on first-cut guidance from folks in Washington, we don't see it as an issue, ... There are a lot of other competitors out there... there are a lot of folks out there servicing the great American consumer. I don't anticipate any challenge, but that's to be seen.
conditions difficult expected far tough uncertain
While we expected tough and uncertain conditions ... it has been far more difficult than we previously projected.
country hit outpouring people prayer region storm support
While the storm that hit this region was overwhelming, so has been the outpouring prayer and support from people around the country for those in need,
ability advantage changing food match meet service services strengths
We will have the ability to take advantage of our strengths to service the consolidating food service marketplace. We can take and match our efficiencies and our services to meet a changing landscape.
based best cannot company complete decision endorse facts felt interest simply today understand
We simply cannot endorse a decision to complete the transaction under the facts as we understand them today. My decision today was based on what I felt was in the best interest of our Company and its shareholders.
appreciate concluded hard open operate past plants worked year
We've worked hard over the past year to try to keep these plants open and I appreciate everyone's efforts. However, we've concluded we can operate more efficiently by permanently consolidating operations.
both cause disruption history members plant regret team
We regret the disruption the closings will cause our team members and these two outstanding plant communities, which both have a long history in the meatpacking industry.
chicken declines demand domestic expected greater impact performance projected recent supply
Recent declines in international demand for chicken coupled with greater than expected domestic supply will dramatically impact the projected performance of our chicken segment.
beef chicken foods further operating pork prepared producing results segment solid struggled
Our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.