Thank you, Mike.
Our the previous seventh cost. feed the were relatively fiscal represented with year feed straight during cost and of pound flat per flat XXXX year
If contract uncertainties costs our for the million Given and XXXX, night, Trade already it of fiscal continued during than if that what on grain values, the of for we grain is as fiscal needs XXXX closed cash had prices during regarding Board locked and priced XXXX we during issues volumes. feed benign be using in XXXX expect $XX.X prices needs our fiscal all supply at for including based current to have last future cost current would for trade we feed XXXX. relatively fiscal higher of Chicago
buy ample Corn values grain and United grains, carryout that year. be of of basis Given slightly the should worldwide XXXX the sellers both remain and remain States prices. board corn the reluctant elevated at in current given than last able at prices remains healthy, farmers higher with only soybeans we supplies both crops as to despite challenges
corn needs through We our have of for on corn meal the well. as year. soybean patient and now rest basis remain we needs the We to price our and own our taken March December through through March, opportunities
closely As I'll as always, call, we're start new fiscal few this watching a a on share year-end things year. we
will always, as we keep South on American eye one First, the crops.
and today, Brazil of crops and As America progressing normally. of are corn the the soy in rest South
acres corn Planting States Intentions the everyone increase soybean will acres we Most United will March. watch decrease, watch report. report closely will we next that will in Second, believes while XXXX and
will pounds chicken numbers. approximately during watch Third, that compared USDA calendar more estimates to chicken X.X% production produce XXXX we the XXXX. will industry of
pullet of placements is the at we Looking estimate chick egg USDA's flock, size and the placements, sets, the believe reasonable. hen
Whether plant or to of themselves. care our that not exceeds expansions we chicken that and our so. execute that information look strategy, Tyler, and complex, projects over next available few completion. continue new been are publicly remains continue industry markets next facilities for to operations be more Several have seen. growth site including add expansion the some for years production Texas have either and started completed, a understand we will new our demand our will for what take to or or extent to These production the a in do couple near What and is
watching the big over for markets. bird Market market dark also We will, same produced counter-seasonally service boneless of The at chicken the our weeks. plants few have prices higher prices. is the course, meat past for for meat be true moved food breast
As participants That chicken said, we times QSR establishments service food during much we saw and XXXX are -- the in encouraged current several chicken XXXX. normal features we calendar all for success. the during we mentioned fewer XXXX by from calendar market, recently, wish than and the sandwich war have
stores good Lampkin wholesale relatively a at many during everyday As of feel volume from advantage for retail least prices year. we suffered demand to of said, of chose XXXX going during feature pork beef take forward, activity and low business, grocery lack for about the grocery as
produced bulk it and go to a stores, already market. product into plants in our the -- a soft to is get competes course, retail Of at at grocery doesn't food-service go an tray grocery packed sold
are for certainly prices many and higher market expecting, beef draw XXXX, move chicken more pork could as if However, during features.
swine on close of a the Finally, keep we impact markets. on will protein eye chicken the African fever and
facing number remain to short exactly other be of impact is and on reports is in fact Asian will exact unprecedented deficit the the protein an the conflicting that on is term the there the China chicken While what markets hogs countries, over unknowable. the disease real, world lost
very ship are material that However, open once encouraged to expect are China we to we a eligible product from benefit the and market. again
per full at a of pounds plants production, will for China. are exports our $XX million China. We income XX year. of packing produce from And paws current estimate benefit to operating at approximately all processing we million At shipping pricing, chicken to feed annually chicken feed
Market are relatively the our products of Tyler our high-quality communities to the add forward new start shape. to more is growth new improving, Chicken our and remain beyond we continuing new start believe demonstrates well balance our debt and company positioned We in markets investors, growth the conditions surrounding strategy feed The We chicken continue the and Farms Sanderson are the optimism year, our future. confidence is employees little costs opportunities and we year industry to into finding XXXX calendar our the with are Tyler and the flat, look complex long-term the our optimism year we fiscal in success move sheet for good a value improving for new We warranted. will industry. their in complex The new soon. strong. is start committed site and as for as and customers.
questions. take now that, With we your will
