While we saw an increase in the boxed-beef prices, which contributed to our increase in sales, at the same time, we're still looking at higher cattle prices. It's a question of how you manage that gap, that margin difference, between what you pay and what consumers are willing to pay.
More Quotes from Sean McHugh:
We have received feedback from employees both formally through requests for time off as well as through some informal channels that there was a lot of interest in participating in whatever event might be scheduled.Sean McHugh
That's primarily a function of the boxed-beef prices, which are today above five-year averages. Overall, I think it shows that demand domestically for U.S. beef is still high.
Sean McHugh
Clearly, you don't want to sweep this under the rug and say it's insignificant, because it's not, ... Obviously, it puts on a spotlight to ensure discipline around compliance with processes and systems in place, and certainly, we'll continue to put our be
Sean McHugh
That's one specific example of job loss that was related to the border closure. It's tied right back to the BSE issue.
Sean McHugh
Then, it only becomes a question of getting inspectors back in the plant to recertify. From a business standpoint, there is no impact because there isn't a single U.S. company authorized to ship to Japan today because of the border being closed.
Sean McHugh
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