Vital Farms, Inc.

Thanks. I guess a question for Tilo. In the release, it does say commodity costs higher. But, you know, corn and soy are a lot lower than they were a year ago. So are there just other costs that are higher that are offsetting the lower grain costs? And then secondly, you know, given just the comparisons, if you look into like, say, first half of 24, let's just say corn and soy stay where they are today. I know no one knows what they're going to do, but if they did, would you have a continued benefit in the first half of 2012?

So on the first part of your question, the commodity costs, they flow through for us with a lag, given that we're adjusting prices that we pay to farmers on a lag. So it's not a direct correlation to what you see for the for the quoted commodity costs, plus then we have organic feed, which doesn't really trade publicly. Those swings, they just show up in the feed bolts that our farmers have. So there's that component on why our commodity costs and the commentary that we have on commodity costs doesn't necessarily track what you see on the Chicago board on a day-by-day basis. On the output for next year, let's talk about that when we get there. We haven't provided 24 guidance yet, and so as we're building our plans for the year, once we have them, we'll talk about that. Okay.

I understand the lag commentary, but I guess there was a lag last year, too. Maybe I'll take this offline, but anyway, I would have thought that the lag, that you still would have had lower year-over-year costs. even with the lag impact, but I can take that offline if you like.