NJM,
I hear you brother. A lot of things has been said and not realized why we've learned to not get head of ourselves and review information provided with duly scepticism, rightly so.
Margin pressure from aussie beef seem credible, but can't help to wonder how, as I also heard (but forgot to mention)what Solomon said about a three to five year plan to restructure the breeding, it is going to be done without loosing on the margins meanwhile. Solomon said in the CC that margins won't be affected, and even though margin pressure never was up for questioning, he seem confident in that we will solve it. I wonder how? Might have to do with these new distribution centers and possibly receivnig a premium price in stores for the "chilled beef", especially through the structures with Tesco/Vanguard. We can only hope for the best here.
