US Analyst Adds To Australian Meat Holdings speculation

US - A United States analyst has added weight to speculation that one of Queensland's largest meat producers could be sold.
calendar icon 18 April 2007
clock icon 1 minute read
Problems in the USA could have ramifications for four abattoirs in Queensland.

Australian Meat Holdings (AMH) operates abattoirs in Rockhampton, Brisbane, Toowoomba and Townsville

Steve Kaye from the US-based Cattle Buyers Weekly says AMH's parent company Swift and Company is up for sale, and its Australian operations could be sold separately.

Mr Kaye says AMH is performing well, but the parent company has been badly affected by outbreaks of mad cow disease.

"Because of the US cases of BSE, we've had three in total, beef packers have had arguably the worst period of financial losses in the history of the industry and Swift beef has lost money consistently," he said.

Federal Labor MP Kirsten Livermore says AMH needs to be open about the future of its four Queensland abattoirs.

Source: ABCNewsOnline
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