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Article: Cattle feeding venture completed.(Business)(ContiBeef LLC and MF Cattle Feeding Inc forms joint venture)
- Article from:
- Feedstuffs
- Article date:
- May 30, 2005
- Author:
CopyrightCOPYRIGHT 2005 Miller Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CONTIGROUP Companies Inc. and Smithfield Foods Inc. reported that their cattle feeding subsidiaries, ContiBeef LLC and MF Cattle Feeding Inc., have completed formation of a 50-50 joint venture to feed cattle.
The partnership, to be called Five Rivers Ranch Cattle Feeding LLC, is an independent operating business of the two companies with 10 feedlots in Colorado, Idaho, Kansas, Oklahoma and Texas and a one-time capacity for 811,000 head, according to the announcement. The company will be the largest cattle feeding organization in the U.S. and will market finished production to several different packing firms.
Five Rivers will be headquartered in Boulder, ...