Cargill looking for cattle market upswing
US - The cattle industry works on a 10-year cycle, and the Fort Morgan Cargill Meat Solutions (formerly Excel) plant is a prime example of that. The plant was forced to lay off 150 employees and cut the hours of those remaining by four to eight hours per week last January, and although, since then, all those people have had a chance to get a job with the plant, very few of the actual positions have been recreated and the hours remain the same. There are a couple of factors that are pressuring the industry. At the end of November there was another BSE scare for American cattle farmers. The country and the media were quick to presume that this was another case that could cripple the industry, but they both turned out to be wrong.Source: FortMorganTimes.com
17 December 2004
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