Home / News / Livestock news / Beef-packer margins at worst in 8 years
  • PRINT
  • EMAIL
  • SHARE

Beef-packer margins at worst in 8 years

Dow Jones Newswires 12/06/2011 @ 9:55am

Beef-processing margins are at their weakest levels in eight years and challenging all-time lows, with factors driving the latest decline including recent weakness in beef prices, tight supplies of choice-grade animals and soft demand for select-grade beef.
 
The latest HedgersEdge packer margin index was minus $92.85/head, compared with -$86.45 the previous day.
 
The all-time low is -$99.10, set on Dec. 10, 2003, while the record weekly average was set at the same time at -$92.77. (curt.thacker@dowjones.com)

(END) Dow Jones Newswires

December 06, 2011 09:48 ET (14:48 GMT)

CancelPost Comment
MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
MORE FROM DOW JONES NEWSWIRES more +

Spring pork problems? By: Dow Jones Newswires05/23/2012 @ 10:46am Hormel's (HRL) F2Q earnings point to a troubled spring for the pork industry. Profits from ...

0Comments Reply

China cancels soybean cargoes By: Dow Jones Newswires05/23/2012 @ 8:12am Some Chinese soybean importers have cancelled soybean import cargoes scheduled for delivery in the ...

0Comments Reply

Monsanto buying Precision Planting By: Dow Jones Newswires05/23/2012 @ 8:09am Monsanto Co. (MON) is buying a planting technology company, part of a increased effort to expand ...

0Comments Reply