Western Feedlots Ltd.’s shareholders have decided to voluntarily wind down cattle ownership and cattle feeding operations. Western will continue to feed and market the existing cattle and after they are marketed, Western will be suspending feedlot operations. Western will not be hiring employees, or purchasing feed grain or feeder cattle after that time. Western will continue farming operations for the foreseeable future. Western’s shareholders chose this course of action due to the current high risk/low return environment in cattle ownership, which is inconsistent with shareholder objectives. In addition to strong headwinds in the cattle industry, the poor political and economic environment in Alberta are also contributing factors to this decision. Western would like to thank all our employees, suppliers and customers for their years of dedication and support and their continued understanding and cooperation.
Source: Western Feedlots Ltd