Livestock Improvement posts drop in annual profit

Thu, 23 Jul 2015

By Tina Morrison July 23 (BusinessDesk) - Livestock Improvement Corp, a farmer cooperative that sells bull semen and manages a dairy genetics database, posted its third straight drop in annual profit as lower milk prices weighed on demand for its services and it spent more on technology and infrastructure to be able to deliver new products to farmers. The Hamilton-based cooperative said net profit dropped to $13.7 million in the year through May, from $18 million in 2014, $23.7 million in 2013, and $24.4 million in 2012. In the latest yea...

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