Ranchers and Korean investors plan beef plant in N.D.

BISMARCK (AP) — Korean investors and North Dakota cattle ranchers plan a $90 million beef plant in the state that could process about 1,200 animals each day for overseas and domestic markets. The Kim and Price Corp. plant would export about 60 percent of its beef to South Korea and sell the rest in the U.S. North Dakota Beef Exports already has accepted letters of intent for nearly 450,000 animals from North Dakota and surrounding states, spokesman Roger Hoyum told The Bismarck Tribune.