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Cattle Empire sold two feedyards with a combined one-time capacity of 139,000 head in Haskell County, Kansas, to Friona Industries. The purchase lifts Friona to the second-largest cattle feeding company in the US with 577,000 head of capacity.
Cattle Empire keeps a smaller yard for customer cattle.
Consolidation of feeding capacity into large operators can shift cattle purchasing and marketing power, but the transaction itself does not change near-term supply or prices.
drovers.comNov 13, 2020Not 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.
