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Thursday, November 14, 2019

A tougher 2020 for processors on the cards

By Matt Dalgleish  |  Source: MLA, Steiner, USDA, Trade, ABS, AMPC, Mecardo

Surging beef export prices in recent weeks haven’t been fully reflected in beef processor’s bottom lines yet. Lower offal and hide prices, and higher cattle input values have taken some of the gloss off average monthly margins for October.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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