Carl’s Farm Products sells feed to Jimmy for Jimmy to use in feeding his cattle. Jimmy lives in Illinois on his family’s farm at which corn is grown, but the feed is used at Jimmy’s cattle farm in Missouri. On June 1, Carl’s sells $20,000 worth of seed to Jimmy, taking a security interest in all of Jimmy’s cattle. Carl’s files a financing statement covering “all of Jimmy’s cattle” in Illinois on June 5. On July 1, Bank lends Carl $100,000 to finance farming operations and takes a security interest in all of Jimmy’s cattle. On July 2, Bank files a financing statement in Missouri covering “all of Jimmy’s cattle.”

Between Carl’s and Bank, which has priority over Jimmy’s cattle?

A. Carl’s, because Carl’s was the first to file an effective financing statement covering the collateral.

B. Carl’s, because Carl’s security interest in farm products was automatically perfected.

C. Bank's perfected security interest has priority over Carl's perfected security interest.

D. Bank's perfected security interest has priority over Carl's unperfected security interest.