...3Q20 $0.66. a. b. 3Q19 $0.45. 5. Pleased with performance as Co. continued facing challenge resulting from ongoing pandemic and unprecedented economic conditions in UK. 6. Overall portfolio performed well, despite labor shortages that affected product mix in US and UK. B. US: Commodity chicken pricing remained well above five year avg. 1. Diverse portfolio allow Co. to capture upside while protecting from future downsides. a. 2. Market: Chicken production increased an estimated 1.8% over last year, due to slight increase in head along with higher avg. live weights, putting production at 0.3% greater on a YTD Sept. basis. a. b. USDA data indicated that the hatch rate continued to decline throughout qtr., suggested limited growth in next months. c. USDA outlook indicates [0.5%] increase in supply in 4Q, which will take the total increase for the year at 0.3%. 3. In US market, retail demand remained extremely strong. While trip frequency has yet to return to pre-COVID levels, consumers are...
