Ethanol Producer Green Plains Has Plans to Feed Its Own Cattle
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Green Plains Inc., which just became the first major ethanol producer to buy its own cattle-feed yard, has plans to milk it for more -- by buying the cattle too.
The fourth-largest ethanol maker in the U.S. bought the assets of Supreme Cattle Feeders from Agri Beef Co., including a feed yard and a grain storage facility near Kismet, Kansas, for $15 million. The move marks a shift for the Omaha, Nebraska-based company from selling distillers grain, a byproduct of ethanol production known as DDGS, to directly feeding it to cattle that the company plans to eventually buy, Todd Becker, Green Plains’ chief executive officer, said in a telephone interview today.