Livestock Improvement FY profit falls 3 percent as bull value gains slow

Thu, 25 Jul 2013

By Tina Morrison July 25 (BusinessDesk) – Livestock Improvement Corp., a farmer cooperative that sells bull semen and provides a dairy genetics database, posted a 3 percent drop in annual profit because its elite breeding bulls didn’t increase in value as much as the previous year. Profit fell to $23.7 million in the year ended May 31, from $24.4 million a year earlier, the Hamilton-based company said in a statement. The value of its 866 elite breeding bulls rose $2.7 million compared with a $9.4 million gain on its 870 bulls the year earlie...

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