NEWS
Cargill to Close Texas Beef Plant
Thu Jan 17, 2013 12:51 PM CST

(Dow Jones) -- Cargill Inc., one of the world's largest beef producers, said it will close a Texas processing plant due to dwindling cattle supplies caused by drought in the central U.S.

The Minnesota-based company said it would close the plant in Plainview, Texas, on Feb. 1, affecting 2,000 employees.

Although Cargill will preserve the plant's infrastructure so that it could possibly reopen when cattle supplies rebound, Cargill said it does not expect that to happen "for a number of years."

News of Cargill's move sent U.S. live-cattle futures down by their exchange-imposed daily limit of three cents Thursday. Live-cattle ...

Quick View
  • Dodge Down Corn Conditions have been right for stalk rot and ear molds in corn in many parts of the Midwest this ...
  • Cows That Last If you've priced replacement heifers lately, or even just added up all the costs of raising your ...
  • Chrysler: What's New for 2015 Here's something you don't want to do at a media event for seasoned automotive journalists from a...
  • Farm Investors Welcome Why own farms when you can own shares in a farmland pool? The advent of agriculture's first real ...
  • Rents Resist Price Relief Growers in bellwether corn states expect to make money on bushels -- not price -- in 2014, farm m...
  • GE Critics Range as Skeptics An ad-hoc committee of 18 scientists is tasked by the National Research Council with examining th...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl helps readers wrestle with reality of health insurance costs, congressional inacti...
  • Ag Innovation Showcase At the sixth annual Ag Innovation Showcase in St. Louis this week, start-ups in search of investo...
  • Ask the Vet At what age should a cow be culled?
Related News Stories
The Market's Fine Print
The BVD Problem
DTN Weekly Distillers Grains Update
Fertility Fix
DTN Weekly Distillers Grains Update
Stressed Stockers
Ammoniation and WDG
The Market's Fine Print
Cutting Risks
DTN Weekly Distillers Grains Update