# Bindaree, Churchill re-open investment talks, after failing to secure Chinese JVs - Beef Central

> Bindaree Beef confirmed that its proposed $140 million investment from China's Delisi Group was not executed after deadlines passed, and it has reopened talks with other potential investors. Australian processors are reporting heavy losses as the national herd hits 20-year lows.

- Date: 2016-11-22 · published 2016-11-22T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73807-bindaree-churchill-re-open-investment-talks-after-failing-to-secure-chinese-jvs
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Processor losses and a shrinking herd point to tighter cattle supplies and continued pressure on packer margins, with little immediate effect on feed demand.

## Read by commodity

- LCATTLE: neutral

## Sources

- beefcentral.com: https://www.beefcentral.com/news/bindaree-churchill-re-open-investment-talks-after-failing-to-secure-chinese-jvs/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.