Posts Tagged ‘livestock numbers’

Alliance posts $50.8 million loss for last season

November 12, 2012

Alliance posted its annual result on Friday which was every bit as bad as predicted, a net after tax loss of $50.8 million for the 12 months ended September. The result included restructuring costs of $13.5 million associated with the closure of the company’s Mataura sheep and lamb processing operations which followed similar costs of $19.4 million the previous year from the closure of its Sockburn plant. (more…)

Sheep and beef under threat from too much grass

February 7, 2012

This season’s excessive grass growth throughout the country except for Otago and Southland has generally been a cause for celebration among sheep and beef farmers, happy not to have to worry about drought and ecstatic about livestock prices. (more…)

Livestock prospects for 2012

January 23, 2012

Livestock processing volumes have been very low so far this season and the prices being paid to farmers are at historically high levels for both beef and lambs. This has got very little to do with the overseas markets (more…)

Optimism prevails despite tough year

January 12, 2011

The noises coming from the three meat companies that have declared an annual result to September 2010 are optimistic, although tempered by the knowledge there’s less livestock around this year and farmers need to achieve better profits. The companies with the most reason to be happy are Alliance and AFFCO who have both posted solid profits and reduced debt, as well as increasing their share of EU lamb quota. (more…)

AFFCO cautious after good first half

June 9, 2010

AFFCO’s net profit after tax at $15.91 million was marginally ahead of the same period last year in spite of a 0.6% drop in revenue, but on balance it appears to be a very solid result in a season which both AFFCO and Silver Fern Farms termed slow because of good early grass growth. (more…)

Trust and commitment essential to meet the meat industry’s challenges in 2010

December 24, 2009

It’s time for a bit of crystal ball gazing, as we start a new year, although admittedly the end of the calendar year isn’t anything significant in farming terms. After all the pastoral season finishes at the end of September and the dairy changeover happens end June. Calving and lambing are long since over, hay and silage are in the barns and farmers have to continue with routine maintenance, while making sure they make the right decisions on stocking rates heading into the summer. (more…)