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Ranchers in beef industry plotting to open their own slaughterhouses

Unhappy with prices, ranchers look to build own meat plants
Ranchers and others in the beef industry nationwide are planning to build their own independent...
Ranchers and others in the beef industry nationwide are planning to build their own independent meat plants.
Published: Oct. 16, 2021 at 12:23 PM CDT
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DES MOINES, Iowa (AP) - Frustrated with persistently low prices, ranchers and others in the beef industry are moving to reverse a long trend of consolidation and planning to open new slaughterhouses.

The new plants typically cost more than $300 million, but they still will be much smaller than those owned by the four meat company giants that slaughter over 80% of the nation’s cattle.

That has led to some skepticism about whether the new independent plants can succeed. David Briggs is the CEO of a proposed plant in western Iowa. He says acknowledges the tough odds but says cattle people are risk-takers.

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