15 Jan 2015 --- On January 8, Cargill Cattle Feeders LLC completed the sale of its Lockney, Texas, feed yard to Lofton Trust, a family-owned cattle operation based in California. Terms of the transaction were not disclosed. The feed yard, located in the Texas Panhandle near Plainview, opened in 1970 and was purchased by Cargill in 1986. It currently has capacity for 60,000 cattle and employs approximately 20 people.