Anne Dunford – Cargill Closes the Plainview Texas Cattle Plant

Cargill has announced that they will be shutting down its Plainview, Texas Cattle slaughter plant.  Cargill cited a shrinking cattle supply as one of the reasons for the decision.

Is this a big surprise, not really in terms of the excess capacity that is in North America.  For Canada, the near term impact is a negative result on the futures market but the long term impacts for Canada are yet to be seen.

If you cannot see the below embedded player, CLICK HERE

 

Anne Dunford

President of Cattle Trends Inc., which consults for companies and individuals in the cattle business. Also a regular contributor on RealAgriculture.com

Trending

Beef Market Update – I guess that is what you call a correction

Two weeks ago we were talking about higher highs and no where to go but down for the cattle market and thats exactly what we got. The market corrected over the past two weeks which could be fine long term technically. What has hurt Canadian feedyards is that the Canadian dollar has rallied over that…Read more »

Related

Leave a Reply