Cattle feeders group extends help to National Beef

24/02/2014
The Imperial Valley Cattle Feeders Group (IVCF) has offered $9 million in cattle price discounts for 2014 and 2015 in a bid to prevent the closure of National Beef Packing Company’s Californian processing facility on April 4. 

Around $15 million of discounts had been given to January National Beef in January 2013. Annual discounts beyond $24 million would put local feeders at a disadvantage when trying to compete with other markets, said Bill Brandenberg of IVCF.  

"National lost a stable supply of cattle from Arizona and some IVCF members had plans to increase their supplies but those plans are now on hold. Imperial Valley cattle numbers are at 25-30 year highs. Valley feeders understand National's need for more cattle and are ready to accommodate those needs to the best of their abilities," Mr Brandenberg said.   

"We owe it to the Imperial Valley community, the plant's 1,300 employees, and our own feed yard employees to continue looking at all options.”

In January, National Beef announced it planned to close the facility due to declining cattle supply.