Packers announce cutback in operations
— Negative per head returns finally take their toll. Three of the four major packing companies last week took a step toward improving profitability when they announced immediate cuts in the processing shifts at their beef plants. Analysts had been predicting the move for weeks as projected packer margins fell farther and farther behind break-even prices. Bob Price at North American Risk Management Services, Inc. said the cutbacks were a result of a...
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