Archive for June, 2008

What is right size is $64,000 question

June 6, 2008

The interim profits announced by PPCS and AFFCO, the only two meat companies required to publish results at the half year, represent a significant improvement on last year, contrasting strongly with farmers’ returns.

 

This underlines the inevitable reality of the meat industry which can be summarised in a nutshell: when there’s plenty of grass, farmers have choice and can feed their livestock until they’re ready to go to the works or saleyards, whichever is paying the best money, but in drought conditions most can’t get stock to the works fast enough, regardless of the price. (more…)