CHICAGO—A fifth-generation cattle rancher and consultant plans to build the country’s largest beef plant in South Dakota with capacity to slaughter 8,000 head of cattle a day.
The $1.1 billion project could help address the Biden administration’s concerns about rising food prices and a lack of competition in the meat sector, though it would not be up and running until at least 2026.
The project is spearheaded by Kingsbury and Associates and Sirius Realty, both run by Megan Kingsbury of a South Dakota ranching family. She told Reuters she expects construction on the plant to begin in 2023 and take three years….