THE PROTEIN PULSE — DRIVE TIME Closing Bell Friday | November 6th, 2026

HOST: Protein Pulse Drive Time. Closing Bell Friday, November 6th. From The Sparks Group.

SHAWN: With Wendy's Independent Committee officially rejecting the Trian Partners-led group's seven thirty-five per share buyout proposal as an undervaluation and adopting a limited duration shareholder rights plan, the corporate battle lines are drawn. I'm sitting in the Protein Pulse offices with my crown sitting high on my throne. I found myself mindlessly twirling my pigtails as the morning protein chaos unfolded during MICA. Rumors were swirling that my special sauce getting sued might cost the kingdom everything, throwing my entire empire into corporate turmoil. Now, I am left not sure if I can have it your way, my way or even if I deserve a break today, because everyone's asking where's the beef? The beef market is in a tizzy, and we all need to put our screwworm tin foil hats down and realize Dave wouldn't want us to fight. Especially when the Board is fully banking on Bob Wright and the execution of Dave's Way to drive future growth instead as the Protein World turns.

HOST: Choice grade cutout at three sixty-one fifty-six, down ninety-four cents. Pork cutout at sixty-eight ninety-nine. Fresh eighty-fives at two ninety-six. Fresh fifties at ninety-four. West Texas Crude at ninety fifty-two. Ultra-Low Sulfur Diesel at four thirty-five.

SHAWN: Livestock futures fell. The profit picture split. Beef packers and hog producers posted losses while pork packers earned positive returns. When we hit today's close, the question won't just be where livestock prices finish. It'll be which businesses can still earn a margin. Stay disciplined.

HOST: Protein Pulse Drive Time. Shawn Sparks, The Sparks Group.

SHAWN: Stay disciplined.