Allied Farmers wary of M. bovis impact on livestock trade

Wed, 29 Aug 2018

By Paul McBeth Aug. 30 (BusinessDesk) - Allied Farmers expects the outbreak of Mycoplasma bovis and efforts to contain the cattle disease will slow down activity in its core livestock division. The Hawera-based company's livestock unit increased stock sales 1 percent in the year ended June 30, although lower international meat prices shrank margins and the unit reported a 2.6 percent decline in earnings to $2.6 million. Chair Garry Bluett said the company was always going to struggle to repeat the "exceptional growth" from the year earli...

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