US Premium Beef ( (USBBU) ) has provided an update.
In fiscal year 2024, U.S. Premium Beef, LLC achieved record high premiums on its Kansas grid of $79.13 per head, marking the third consecutive year of over $70 premiums. Despite a slight decrease in fed cattle harvest, Kansas saw record live market prices and increased carcass weights, contributing to high premiums and improving yield benefits. The Iowa grid, in its fifth year, also reported record high Prime percentages, significantly exceeding national averages, which bolstered quality grade premiums. The total number of cattle delivered across both grids was the third highest in company history, reflecting strong participation despite regional differences in grid structure. These achievements underscore the company’s commitment to rewarding high-quality beef production and its impact on market dynamics.
More about US Premium Beef
U.S. Premium Beef, LLC operates in the meat processing industry, primarily focusing on cattle and beef products. The company offers a grid pricing system that rewards higher quality beef production, particularly through its Kansas and Iowa grids, which incentivize producers with premiums for superior quality and yield grades.
For an in-depth examination of USBBU stock, go to TipRanks’ Stock Analysis page.
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