Cargill making additional cuts in U.S. beef production
Current market conditions and lackluster seasonal beef demand are forcing the company to further reduce the number of cattle processed weekly.
07/03/05 Cargill Meat Solutions has said that it is making additional production cuts at its seven U.S. beef plants.
“While we have been operating in reduced mode for some time, current market conditions and lackluster seasonal beef demand are forcing us to further reduce the number of cattle we process weekly,” said Bill Rupp, president of Cargill’s beef business.
Cargill’s U.S. beef plants are located in Plainview and Friona, Texas; Dodge City, Kan.; Schuyler, Neb.; and Ft. Morgan, Colo.; Milwaukee, Wis.; Wyalusing, Pa.
Rupp said that the tight supply of market-ready cattle and the continued closure of the U.S. border to Canadian cattle are making market conditions difficult.
Based in Wichita, Cargill Meat Solutions is a leading producer, marketer and distributor of branded and unbranded meats. It is a subsidiary of Minneapolis-based Cargill. Cargill is an international provider of food, agricultural and risk management products and services. With 105,000 employees in 59 countries, Cargill is committed to using its knowledge and experience to collaborate with customers to help them succeed.
http://www.cargill.com/news/news_releases/news4/050304_beef.htm#TopOfPage
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