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Australia's Mort & Co Feedlots Hit Market for Hundreds of Millions

Published 2 days, 20 hours ago
Description

Australias Mort & Co, a leading private cattle feedlot operation, is selling most of its assets, including the nations largest feedlot, Grassdale, for potentially hundreds of millions. Founded in 1997, the company has grown to over 300 employees and processes 4,000-5,000 cattle weekly. The sale comes as global demand for grain-fed beef surges, with Americas cattle numbers at a 50-year low, creating opportunities for Australian suppliers. New owners are expected to retain most of the skilled workforce and could see significant gains due to strong demand, particularly from Korea.

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