Jerry Moran actually said...

"A potential competitor today, a competitor today and a potential competitor in the future, is Brazil."

"Colin, last question. I was mentioning about the $500 reduction in the feed yards."

"I assume that our farmers today are much more--they are hedging. Their risks are reduced as a result of using hedging and other financial techniques."

"the way you describe it, is it true then that China is interested--they only get out of the circumstance that they are in. This is not a desirable place for them to be?"