Markets and industries in most parts of the world are performing well; people are making a margin. The outlook is probably a mild positive as well. Things are going to get slightly better because we have seen feeding costs come down. Grain and oil seed prices have dropped faster than we thought this year. US consumers are being asked to spend a lot of money on beef and they are. And they will probably be asked to spend more. I’m laboring on that point a little bit because the price differential between where chicken prices are, and pork prices for that matter, is an advantage for the chicken industry at the moment. Chicken is not cheap either, but relatively speaking – and that is what matters – the relative difference because that is what a consumer looks at in the meat case. Chicken breast skinless fillets and ground beef – there is a relationship between them in price which they are expecting. While chicken is relatively less expensive than beef, they are going to buy more chicken.
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