Two groups — one of South Dakota investors, the other tied to Texas cattle ranchers and feeders — are preparing to spend a collective $1.8 billion on two meatpacking plants
Think of it this way: The South Dakota investors say they’ll put $1.1 billion on the table to get in the meat game against the world’s four largest meatpackers who already are the lowest cost, most ruthlessly efficient beef slaughterers, processors, and sellers on three continents. Is that a bet you’d make?