An Iowa developer last week announced plans to build a $325-million, 1,500-head-per-day beef processing facility in southwest Iowa. 

Cattlemen’s Heritage, a newly formed corporation with roots in the livestock industry, will fill a gap between large meat-packing conglomerates and smaller plants that aren’t equipped to meet the needs of consumers, producers or retailers, said pro­ject developer Chad Tentinger. He is founder and owner of TenCorp. Inc., a...