National Beef profits down

20 July 2009

Net income for the 13 weeks ended May 30 was about $46.3 million, compared with net income of $74.3 million in the 14 weeks third quarter of fiscal year 2008. Sales were about $1.32 billion, compared with $1.53 billion last year. National Beef said sales dropped partly because of a 4.5% decline in the average volume of cattle processed per week and the extra week in the prior reporting period. Meanwhile, average sales prices per head fell nearly 2.6% during the current period as demand for beef products diminished compared with the same period last year.

Source: Hidenet.com



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.