Dunham Winoto | Director of Investor Relations |
Bill Lovette | President and Chief Executive Officer |
Fabio Sandri | Chief Financial Officer |
Farha Aslam | Stephens Inc |
Ken Zaslow | Bank of Montreal |
Heather Jones | Vertical Group |
Jeremy Scott | Mizuho |
Michael Piken | Cleveland Research |
Adam Samuelson | Goldman Sachs and Company |
Akshay Jagdale | Jefferies |
Good morning and welcome to the First Quarter 2018 Pilgrim's Pride Earnings Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] At the company's request, the call is being recorded. Please note that the slides referenced during today's call are available for download from the Investor Relations section of the company's website at www.pilgrims.com. After today's presentation, there will be an opportunity to ask questions.