Cargill selling US cattle feeding business
Cargill has announced it will exit from its U.S. cattle feeding business. The move means that in the last year, the company has gone for the fourth-largest feeder in the U.S., to completely leaving the sector. Cargill has reached an agreement to sell its last two feed yards to Green Plains Inc., which will purchase the feed yards for $36.7 million. Cargill’s withdrawal from the feeding business highlights a change in priorities at the company, which says it is the world’s largest supplier of ground beef, according to Reuters. [node:read-more:link]