Newly Formed Partnership Between Five Rivers Cattle Feeding and Viserion Grain to Enhance Local Feed Supply and Create Jobs in the Texas Panhandle
5V, a newly formed partnership between Five Rivers Cattle Feeding, LLC and Viserion Grain, LLC, today proudly announced its plan to construct a state-of-the-art shuttle train receiver in Dalhart, Texas. This project will provide significant benefits for the Texas Panhandle, reinforcing Five Rivers' established regional presence while utilizing Viserion Grain's expertise in origination and merchandising to meet local feed demand. Five Rivers and Viserion Grain, a subsidiary of Viserion International Holdco, LLC ("Viserion International"), are backed by funds managed by Pinnacle Asset Management, L.P. ("Pinnacle"), a New York-based alternative asset management firm focused on global commodities markets.
"This new facility aims to enhance local feed supply and elevate the region's agricultural capabilities by tapping into the combined strengths of its founding partners," said Mike Thoren, President and CEO of Fiver Rivers Cattle Feeding. "This development comes at a time when the deficit for feed ingredients is expanding, making this facility a game-changer for local consumers."
Aaron Wiegand, CEO of Viserion International, stated, "This facility not only expands our network, but also supports the local agricultural community. We're proud to partner with a premier cattle feeder to invest in the Texas Panhandle and create jobs."
The new facility will be strategically connected to the Union Pacific, a vital player in agricultural supply chain logistics.
"The agriculture market is growing and Union Pacific is well positioned to take on volume, investing more than $10 million per day in infrastructure, technology and network expansion to provide winning solutions for our customers," said Jason Hess, Senior Vice President – Marketing and Sales, Union Pacific Railroad. "We're proud to work with Five Rivers and Viserion Grain as we grow together and support the economy."
Jason Kellman, Managing Partner and Chief Investment Officer of Pinnacle, added, "We are pleased to continue our support of Viserion International and Five Rivers as they embark on this new partnership. The new facility that 5V will construct – which will utilize Viserion's expertise in the grain industry and Five Rivers' in cattle feeding – is an important investment in the Texas Panhandle community that we expect will enhance feed supply and create job opportunities."
The shuttle train receiver is scheduled to commence operations in 2026 and will serve as a crucial supply source for the local feed sector. The Texas Panhandle is a major hub for cattle feeding, dairy production and grain merchandising, and this investment represents both a strategic business initiative and a commitment to the community's economic growth. By empowering local agriculture, 5V seeks to help to pave the way for a sustainable future that benefits everyone involved.
About Viserion
Viserion International Holdco, LLC ("Viserion International") is a global agricultural merchant based in Boulder, Colorado formed with the financial backing of funds managed by Pinnacle Asset Management, L.P. Viserion Grain, LLC ("VGC"), a grain company supported by management with strong industry experience, is owned by Viserion International. To learn more, please visit www.viserion.co or www.viseriongrain.com.
About Five Rivers Cattle Feeding, LLC
Five Rivers Cattle Feeding is the world's largest cattle feeding company, with 13 feedyards in Colorado, Kansas, Oklahoma, Texas, Arizona, and Idaho. The company has a one-time feeding capacity of more than 900,000 head of cattle, markets more than 1.8 million head of cattle per year, and employs more than 600 people. To learn more, please visit www.fiveriverscattle.com.
About Pinnacle Asset Management, L.P.
Founded in 2003, Pinnacle Asset Management, L.P. is a private, alternative asset management firm focused on the global commodities markets with over $6 billion under management. Headquartered in New York with offices in Colorado, Florida, Massachusetts and Missouri, Pinnacle provides its institutional investor base with exposure to the global commodities markets via physical and financial absolute return strategies and products. Pinnacle is an investment adviser registered with the Securities and Exchange Commission; is a commodity trading adviser and commodity pool operator registered with the Commodity Futures Trading Commission; and is a member of the National Futures Association.
About Union Pacific
Union Pacific (NYSE:UNP) delivers the goods families and businesses use every day with safe, reliable and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations. More information about Union Pacific is available at www.up.com.
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Jonathan Gasthalter/Iain Hughes
Gasthalter & Co.
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