Stay updated with breaking news from Owned Beef. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Smaller local packers are providing producers needed competition for fed cattle, but new packing plants are building out more beef meatpacking capacity. At the same time, the cattle herd continues to shrink, and current packers are slaughtering fewer cattle than a year ago.
The Amarillo Economic Development Corporation held its annual update, focusing on record investment in the city and plans for being a world food hub.
Two groups — one of South Dakota investors, the other tied to Texas cattle ranchers and feeders — are preparing to spend a collective $1.8 billion on two meatpacking plants
Think of it this way: The South Dakota investors say they’ll put $1.1 billion on the table to get in the meat game against the world’s four largest meatpackers who already are the lowest cost, most ruthlessly efficient beef slaughterers, processors, and sellers on three continents. Is that a bet you’d make?
Although there is little hope that a "producer-owned" meatpacking plant will ever be built, two groups of investors are talking of building plants.