The Moark egg division of Land O'Lakes, for once was not a burden on the parent company, according to a report filed July 31 with the Securities and Exchange Commission.
During the second quarter, Moark, which has an egg-laying operation in Neosho, recorded $111 million in sales and $2.7 million in pretax earnings in shell eggs, compared to $105 million in sales and a $5.7-million pretax loss in the second quarter of 2006, according to the report.
First-half sales in eggs totaled $231 million, with pretax earnings through June of $6.9 million. In the first half of 2006, the company recorded sales of $213 million and a pretax loss of $12.1 million in this business.
Improved volumes, up 6 percent overall, strong performance in branded and specialty eggs, and strong markets all contributed to 2007 results in Layers/Eggs. Over the first six months of 2007, shell egg prices averaged $1.01/dozen, versus $0.74/dozen over the first six months of 2006.
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