Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Business & Economics

Unhappy with prices, ranchers look to build own meat plants

cows.PNG
Pixabay.com 272447
/

Frustrated with persistently low prices, ranchers and others in the beef industry are moving to reverse a long trend of consolidation and planning to open new slaughterhouses.

The new plants typically cost more than $300 million, but they still will be much smaller than those owned by the four meat company giants that slaughter over 80% of the nation’s cattle.

That has led to some skepticism about whether the new independent plants can succeed.

David Briggs is the CEO of a proposed plant in western Iowa. He acknowledges the tough odds but says cattle people are risk takers.

Related Content