| Wayne Farms LLC Cuts Production |
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OAKWOOD, Ga. (June 23, 2008) – Following an initial two percent (2%) reduction back in April, Wayne Farms LLC announced today that it will cut production of its poultry operations by an additional six percent (6%). Citing the continual rise of grain markets causing an unprecedented increase in raw material costs, the company has scaled back operations. Elton Maddox, President & CEO commented, “Soaring feed ingredient costs aggravated by the government’s food for fuel mandate has created the need for us to rationalize our business. These mandates continue to add billions of dollars of cost to our industry as well as increasing food costs to consumers around the world. During these times of challenge it is necessary for us to make the hard decisions to best position our company and the Poultry Industry for future success.” About Wayne Farms LLC Wayne Farms LLC is the fifth-largest vertically integrated poultry producer in the United States with annual sales exceeding $1 billion. A subsidiary of Continental Grain Company, Wayne Farms LLC owns and operates 13 fresh and further-processed facilities throughout the Southeast producing more than 1 billion pounds of poultry products each year. The company employs more than 9,200 individuals. For more information, please visit https://www.waynefarms.com. |