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Swift & Company: Swift & Company Announces Production Cutbacks at U.S. Beef Facilities

Tue, 10 Oct 2006 13:30:00 PDT

GREELEY, CO (MARKET WIRE) Swift & Company, the third-largest processor of fresh beef products in the U.S., today announced its intent to continue to limit production at three of four domestic beef processing facilities to 32 to 37 hours per week. The Company cited unsustainable gross margins due to high cattle prices, seasonally weak domestic boxed beef demand and limited access to key international export markets as the key reason for the

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