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A proposed $1.1 billion beef packing plant in Rapid City, South Dakota, would process up to 8,000 head a day and remains in research and development. Farmers Union Industries plans to build a rendering facility next to it to make meat and bone meal, tallow and grease.
A large new packing plant would add significant cattle demand and byproduct supply if built, but the project is early-stage and uncertain, so near-term price impact is limited.
dtnpf.comChris ClaytonJun 13, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
