Five Rivers and Viserion Grain Open Shuttle Train Feed Facility in Dalhart

Five Rivers Cattle Feeding, the world's largest cattle feeding company with a one-time capacity of more than 900,000 head, now has a new shuttle train receiving facility supplying its feedyards in the Texas Panhandle. The 5V LLC partnership between Five Rivers and Viserion Grain LLC cut the ribbon on the Dalhart, Texas, site on October 27, 2026, roughly sixteen months after breaking ground in June 2025.

The facility sits on Union Pacific's rail network and expands the region's capacity to receive grain from producing areas. For a feeding operation that markets more than 1.8 million head of cattle per year across 13 feedyards in Colorado, Kansas, Oklahoma, Texas, Arizona and Idaho, inbound feed logistics are a daily margin question. Rail-delivered grain offers another sourcing channel alongside local origination.

Who is behind the project?

5V LLC pairs two companies backed by funds managed by Pinnacle Asset Management LP, a New York-based alternative asset management firm focused on global commodities markets. Viserion Grain is a subsidiary of Viserion International Holdgo LLC; its parent, Viserion International, is a global agricultural merchant based in Boulder, Colo. Five Rivers employs more than 600 people.

"From the beginning, this project has been about bringing together the strengths of two organizations," said Thomas Stillman, director of North American grain operations at Viserion Grain. The partnership, he said, combines Five Rivers' established presence in the Texas Panhandle and its understanding of regional needs with Viserion's grain marketing, transportation and storage capabilities "to efficiently move grain from where it's grown to where it's needed."

What does this change for feed supply?

In practical terms, the facility gives the region's cattle feeders a dedicated shuttle train receiver connected to Union Pacific's network. Shuttle trains move grain in high-volume unit trains, and a receiving point of this kind widens the geography from which Panhandle feed demand can be filled. Viserion Grain's origination and merchandising capabilities support the sourcing and delivery side.

"This facility is an investment in the feed supply our cattle feeding operations depend on every day," said Mike Thoren, president and chief executive officer of Five Rivers Cattle Feeding. "The ability to receive grain by shuttle train gives us another important resource for meeting those needs over the long term."

Union Pacific framed the project in supply chain terms. "Reliable rail service helps connect grain-producing regions with the businesses that depend on them," said Ryan Raess, general director, grain, at Union Pacific Railroad. He said the railroad is proud to support Five Rivers and Viserion Grain through the new facility and to strengthen agricultural supply chains and economic growth in the Texas Panhandle.

The investor and community view

Pinnacle Asset Management, which backs both partners, cast the facility as infrastructure investment in a critical region. "The partnership between Viserion Grain and Five Rivers has a meaningful impact on the region's feed supply. We are proud to support investment in this critical initiative," said Jason Kellman, chief investment officer. Scott Kellman, managing partner, added that the facility "represents a significant investment in the Texas Panhandle, fortifying the agricultural supply chain with needed infrastructure."

The ribbon-cutting recognized project partners, construction teams, local officials and community supporters who carried the project from concept through construction. "Agriculture is central to our community, and this investment adds to the infrastructure that supports it," said Kristy Detwiler, president of the Dalhart Chamber of Commerce.

The road ahead

The companies did not disclose the investment amount or the facility's annual throughput capacity, so the economics of the project remain outside public view. What is on record is the scale it serves: a feeding network handling more than 1.8 million head per year, now with a rail-connected grain receiver built to supply it over the long term, and a partnership structured to keep merchandising and feeding expertise under one roof.