Anzco Foods gets $28m compensation for M Bovis feedlot cull

Anzco Foods CEO Peter Conley. (Image: Supplied)

Tue, 04 Jun 2024

Anzco Foods has received $28 million in compensation after depopulating its Mid Canterbury feedlot because of Mycoplasma bovis.The Japanese-owned meat company reported a profit after tax of $44.4m for the 12 months to the end of December last year.While that was down 60% compared to the year prior, it is one of the only meat companies to report a profit with a weak red meat market hitting bottom lines.It issued its results via a press release last month and the company’s full financial accounts for the 12 months were released on the Compa...

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