Sam Rovit
Sam Rovit
access although asian beef box cattle challenges combined continued costs declines depressed export finished global high increased industry lack last limited major operating past pork poultry prices pricing protein relation retail sector volumes
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.
announcing beef best components expand included innovation innovative last meat plant position processing provider red strategic strengthen swift vision
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.