We are maintaining our neutral opinion on PPC (No. 2 U.S. poultry producer Pilgrim’s Pride Inc.) following the company’s comments this morning that it no longer expects to meet its previously announced earnings expectations for...

History indicates that less than 10 percent of the meat recalled over a time period such as this is actually returned,

It has to be a link,

We had thought that much lower corn prices and the opening of the border to Japan would aid poultry and beef, respectively. It would appear this is aggressive.

I don’t think there’s any rabbit to pull out of a hat here. I think at this particular point in time we’re looking at this as a real dose of reality. I think there’s only...

I think we saw a chastened Dwayne Andreas, one who took full responsibility for what happened,

It would appear that the board has concluded it would be easier to teach an energy executive the agricultural side of the business, than an agricultural executive the energy side.

Even though we feel confident that the shipment did not originate from Tyson, there is no question that every participant in the industry is going to suffer from guilt from association.

To see his name smacked through the mud, so to speak, was a tremendous blow to him. He’s very vulnerable.

I don’t think that was a play to the crowd. I think he absolutely meant it.

Despite its birth as a basic agricultural company, ADM has sent a message that its future lies in products surrounding energy, based on agricultural technology.