Kerwee Feedlot Expansion Update

As you may be aware, Stockyard has obtained permission from the local council and governing bodies to expand our Kerwee Feedlot from 11,100 head to 20,200 head. Construction of the expansion at the feedlot has started and Kerwee will have an additional 8000 head built capacity in 2017. Unfortunately, with feeding programs at over 200 and 400 days it takes time to increase production levels. Our Angus numbers will further increase in 2017, turning off nearly 10000 head. Our Wagyu numbers will stay relatively stable compared to 2016, but we expect to see production increases in 2018.