Beef processor profit margins rise due to increased US demand for burger mince.
Beef processor profit margins rise due to increased US demand for burger mince, driving competition for finished cattle and pushing up cattle market prices. However, this inverse relationship between processor and producer profitability highlights the growing interest in cattle futures markets and swaps in Australia. The Beef Processor Profitability Index by Episode 3 analysts continues to climb, indicating favorable conditions for processors.
July 22, 2024
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