News

ContiBeef and Smithfield Foods to form joint venture

21/02/2005

American cattle feed producers ContiBeef LLC, a subsidiary of ContiGroup Companies, Inc., and MF Cattle Feeding, Inc., a recently acquired subsidiary of Smithfield Foods, Inc., have agreed to form a 50/50 joint venture cattle feeding business. The new entity, whose name has yet to be determined, will include all six feedyards currently owned by ContiBeef and the four feedyards owned by Smithfield since October 2004.

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