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ContiBeef, Smithfield merge feedlot business

Feb 21, 2005
The Organization for Competitive Markets (OCM) has expressed concern about the proposed merger of the second- and third-largest cattle- feeding companies in the U.S. because it would create the largest such firm and consolidate power into the hands of the country's largest hog producer. Smithfield Foods Inc. announced last week a deal to merge its MF Cattle Feeding subsidiary with ContiBeef, a subsidiary of ContiGroup Companies Inc. The combined entity would be the...

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