Anne Dunford - Cargill Closes the Plainview Texas Cattle Plant

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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.

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