Farha Aslam Quotes (4 Quotes)

We believe that today's weakness related to the news that Russia is pulling poultry import licenses is a buying opportunity. We believe that the Russian government will issue the licenses fairly quickly.

Avian influenza has definitely impacted the demand for poultry in the international market and caused poultry prices to weaken, particularly leg quarters.

Tyson Foods is currently experiencing extremely difficult industry dynamics in two of its largest businesses, poultry and beef. This has severely pressured sales and profit margins and has caused Tyson Foods' credit ratings to deteriorate.

The market had already factored in the pretty weak results in beef, but Pilgrim's Pride earnings highlighted the difficult trends in poultry. We anticipate poultry pricing will be pressured through at least spring, barring any notable AI outbreaks.