date:Jan 31, 2013
in different categories. Any drop in herd size is almost sure to be viewed as a sign of unsustainably high feed costs.
On Jan. 21, 2013, Cargill Meat Solutions reported plans to close its Plainview, Texas, slaughter plant with the capacity to slaughter 4,600 head of cattle per day, about 4% of U.S. steer/heifer slaughter capacity. Cargill explained its decision as being because of increased feed costs resulting from the prolonged drought and combined with herd liquidations by cattle ranchers.