Cargill to install $5.5M in New Equipment for Meat Facility

Apr 19, 2013

Cargill Boosts Its Meat Plant In Humboldt, PA.

Cargill is investing $5.5 million in new equipment technology for its meat processing plant located in Humboldt Business Park, Hazleton, Pa. The equipment upgrade is aimed at increasing efficiency while enhancing product quality and ergonomics for workers. The decision was prompted by the recent increase in demand by retailers in the region for meat products that come from a case-ready packaging facility.

The new equipment ranges from an automated product line to a network which has the capability of monitoring equipment performance and production. The better ergonomics for workers will include some machine operated items that were previously made by hand. The facility produces beef and pork products that get sent directly to retailer meat cases. The equipment upgrade will not affect the plants size or employment, 650 people are employed at the plant.

**UPDATED**

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!