Despite its birth as a basic agricultural company, ADM has sent a message that its future lies in products surrounding energy, based on agricultural technology.

I don't think there's any rabbit to pull out of a hat here. I think at this particular point in time we're looking at this as a real dose of reality. I think there's only so much he can do with what he's got unless he comes up with something spectacular.

Even though we feel confident that the shipment did not originate from Tyson, there is no question that every participant in the industry is going to suffer from guilt from association.

To see his name smacked through the mud, so to speak, was a tremendous blow to him. He's very vulnerable.

We are maintaining our neutral opinion on PPC (No. 2 U.S. poultry producer Pilgrim's Pride Inc.) following the company's comments this morning that it no longer expects to meet its previously announced earnings expectations for either F2006 (ends Sept) or the F2Q. We are reducing our F2006 estimate to $1.20 from $2.20 and are also now estimating a fiscal 2Q loss of $0.30 per share, down from earnings of $0.30 per share.

It has to be a link,