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...
You must Sign In or Register to access this content
Not a subscriber yet? Try WLJ free for 30 days!
Register to read WLJ's digital edition and enjoy unlimited access to the news source more livestock producers depend on.
Click here to begin your free 30 day trial subscription.
Current WLJ subscribers: Log in using your six-digit customer number, which you will find printed above your name on the mailing label of your weekly journal. Use the password wlj123, then go to the profile page to customize your password and log in as you wish.