The 2008 earnings came on sales of $139 million compared to $111 million in 2007. Pretax earnings through June are $43.3 million, more than six times higher than the $6.9 million for the first half of 2007. Egg sales for the first half of 2008 were $320 million, compared to $231 million for the first half of 2007.
Land O’ Lakes officials say that strong markets contributed to the improved earnings, with egg prices over the first six months averaging $1.43 per dozen, versus $1.01 per dozen through June of 2007. Improved prices were partially offset, however, by increased feed and energy costs.