ANZCO Foods CEO Update - November 2023

It will not be news to you that 2023 has been a challenging year on-farm, and for the wider red meat sector.

As we move into the end of the calendar year, and ANZCO Foods’ financial year-end, we continue to focus on our long-terms strategies that are helping us manage our way through this difficult operating environment.

This approach sees our business maintaining its strong focus on ensuring our value-add meat and healthcare businesses perform strongly.

As you’ll see from Rick Walker’s column in this month’s update, global market conditions remain challenging and we’re working to manage this through our key customer programmes.

Our third focus is on inventory management, and we have strong business disciplines that see us sold up and turning over inventory efficiently and getting it to our global customers in a timely manner.

In summary, our overarching strategy is about operating efficiently and effectively and maximising the returns that we can generate from the livestock we process.

We thank you for your ongoing support.

Peter Conley

Chief Executive Officer