Cargill to sell Leoti and Yuma feedyards to Omaha-based ethanol producer
Cargill is selling its cattle feed yards in Leoti, Kansas and Yuma, Colorado to Green Plains.
According to a press release issued by Cargill on Wednesday, the company has reached an agreement to sell its beef cattle feed yards in Leoti and Yuma to Omaha-based Green Plains Inc., an ethanol producer with existing feed yards in Kismet, Kansas and Hereford, Texas.
The approximate 90 employees of the two feed yards - which have a combined capacity of 155,000 cattle - will be offered positions with Green Plains.
The press release said the transaction will be finalized once a definitive agreement and regulatory review are complete.
John Keating, president of Cargill’s Wichita-based protein business operations and supply chain said “By partnering with Green Plains in a multi-year supply agreement, the Yuma and Leoti yards will continue supplying cattle to Cargill’s beef processing facilities in Fort Morgan, Colorado and Dodge City, Kansas, ensuring consistent high-quality beef products for our customers.”
According to the Wichita Eagle, Cargill has suffered over the last few years because of declining herds and falling prices.