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Smithfield Foods Inc. said its Smithfield Beef Group unit had acquired MF Cattle Feeding Inc., a unit of ConAgra Foods Inc.


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 Inc. said its Smithfield Beef Group unit had acquired MF Cattle Feeding Different cattle feeding production systems have separate advantages and disadvantages. All cows have a diet that is composed of at least some forage (grass, legumes, or silage). In fact most beef cattle are raised on pasture until they reach a year of age.  Inc., a unit of ConAgra Foods ConAgra Foods, Inc. (NYSE: CAG) is one of North America's largest packaged foods companies. ConAgra's products are available in supermarkets, as well as restaurants and food service establishments. Its headquarters are located in Omaha, Nebraska.  Inc. Key assets of the deal include three cattle feedlots in Colorado and one in Idaho. The combined feeding capacity of the four properties is 357,000 head. The purchase did not involve any of the ConAgra cattle currently on the feedlots. "This move addresses our cattle procurement concerns west of the Mississippi River Mississippi River

River, central U.S. It rises at Lake Itasca in Minnesota and flows south, meeting its major tributaries, the Missouri and the Ohio rivers, about halfway along its journey to the Gulf of Mexico.
 and provides a new earnings stream for our business," Smithfield Beef Group President Richard Vesta said.
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Title Annotation:At Closing News
Publication:Agri Marketing
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2004
Words:90
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