DRIVEN by lower livestock input costs, typical beef processor margins have returned to levels of profit this year, after almost three years in Siberia.
Analyst Matt Dalgleish from Episode 3 has developed a Beef Processor Profitability Index, based on a typical set of processor numbers.
The new BPPI index figures was first reported back in April, and re-calculated this week.
“How times have changed for the sector during 2023,” Mr Dalgleish said.
“In April we noted that after many months of negative margin that the BPPI had moved back into positive territory. As the local cattle price…
