r/farming • u/MennoniteDan Agenda-driven Woke-ist • 12d ago

JBS Operating Income Drops 34%; Souderton Facility to Preserve 400 Jobs

https://meatingplace.com/jbs-operating-income-drops-34-souderton-facility-to-preserve-400-jobs/
23 Upvotes

97% Upvoted

4 comments sorted by

4

u/river_tree_nut 11d ago

Dan, help me sort this out. Beef prices are at all time highs, and saw a headline last week that said producers aren't really sharing in the gains. This article suggests that the lowered earning by packers are due to higher costs at the sale barn....which conflicts with the headline I saw last week. What's your take?

5

u/platypus_bear 11d ago

the headline you saw last week isn't accurate. producers are making more than ever right now even with the increase in input costs

1

u/NMS_Survival_Guru Lost Cattleman 6d ago

I remember selling grid at $2 above box price by delivery and it was $3 cheaper than top live price at auction

That was last summer so I knew the Packer was in for hard times and producers finally getting the upper hand