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Cargill sells Texas cattle feedlots

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Cargill continues to reshape its protein business by selling off two beef cattle feedlots in Texas.

John Keating, president of Cargill’s Wichita-based beef business, says the sale to Friona Industries of Amarillo allows the company to redeploy capital away from cattle ownership to projects that provide greater value to its customers.

In the past year, Cargill has announced approximately $500 million in acquisitions and capital investments to grow its North American protein business.

Those investments include the conversion of a Nebraska ground beef plant into a specialized cooked meat plant, and an expansion of egg processing capabilities at a Michigan plant.

While selling the cattle feed yards in Bovina and Dalhart, Texas, Cargill will retain its facilities in Yuma, Colorado and Leoti, Kansas.

 

 

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