Revenues of Lake Area Corn Processors Llc's Suppliers, deteriorated by -14 % compared to the same quarter a year ago, sequentially sales grew by 2.83 %, Lake Area Corn Processors Llc's cost of sales deteriorated by -39.21 % year on year, relative to one quarter ago cost of sales fell by -5.73 % in Q2.
Lake Area Corn Processors Llc's Suppliers realized a deteriorated in sales by -14 % compared to the same quarter a year ago, sequentially sales grew by 2.83 %, Lake Area Corn Processors Llc's cost of sales deteriorated by -39.21 % year on year, compare to one quarter ago cost of sales fell by -5.73 % in Q2.
Lake Area Corn Processors Llc's Comment on Supply Chain
The ethanol plant primarily uses corn as its raw material, with an expected annual consumption of approximately 34 million bushels. Corn is mainly sourced from local agricultural producers who are members, with additional purchases made on the open market as needed. Corn prices have experienced volatility due to factors such as demand, yield, production fluctuations, and weather conditions, which can affect operating margins. The company maintains a consulting agreement with John Stewart & Associates (JSA) for risk management related to commodity purchases, paying a monthly fee of $2,500. Natural gas, another essential input, is procured on the open market, with an interstate transportation contract in place with Northern Natural Gas.
Lake Area Corn Processors Llc's Comment on Supply Chain
The ethanol plant primarily uses corn as its raw material, with an expected annual consumption of approximately 34 million bushels. Corn is mainly sourced from local agricultural producers who are members, with additional purchases made on the open market as needed. Corn prices have experienced volatility due to factors such as demand, yield, production fluctuations, and weather conditions, which can affect operating margins. The company maintains a consulting agreement with John Stewart & Associates (JSA) for risk management related to commodity purchases, paying a monthly fee of $2,500. Natural gas, another essential input, is procured on the open market, with an interstate transportation contract in place with Northern Natural Gas.
LKCRU's Suppliers Net profit fell by
LKCRU's Suppliers Net margin fell in Q2 to
-45.01 %
2.47 %
LKCRU's Suppliers Net profit fell by -45.01 %
LKCRU's Suppliers Net margin fell in Q2 to 2.47 %
Lake Area Corn Processors Llc's Suppliers Sales Growth
in Q2 2024 by Industry
Sources:
Lake Area Corn Processors Llc's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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