AFTER spiking briefly late last year when cattle prices went into free-fall around October, beef processor profit margins are again back within the normal range, a recent calculation shows.
Analyst, Episode 3’s Beef Processor Profitability Index (BPPI) was last calculated back in October, when it noted that the margin index was improving strongly in favour of processors (see graph above).
October 2023 saw the index peak at 1.99 – it’s highest point since the data set started back in 2000 – as Australian cattle prices bottomed out due to concerns over another summer drought…
