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