Megan Kingsbury, CEO of Western Legacy Development Corporation, met with livestock industry leaders and stakeholders in early July to respond to questions concerning the enterprise.
Kingsbury informed those present that the plant would process eight thousand head daily and would market product to the food service segment and would not serve retail. Ms. Kingsbury claimed that the business has contracted with a major food service group for beef products.
The Company intends purchasing livestock over a six-state region through cash trades with the anticipation that some previously closed feed lots would be reactivated.
Kingsbury assured questioners that the company will have adequate working capital to function without federal support.