NEWS
Group Buys Superior Livestock Auction
Mon May 20, 2013 11:10 AM CDT

OMAHA (DTN) -- A deal three years in the making was completed Friday when Superior Livestock Auction Inc., was purchased by a limited partnership formed by National Livestock Credit and 31 cattlemen from several states.

Danny Jones, president of Superior Livestock Auction, told DTN the purchase would have been completed sooner, but the bankruptcy of Eastern Livestock delayed finalization.

At the time of Kentucky-based Eastern Livestock Company's bankruptcy, Superior Livestock claimed the cattle brokerage owed it $19 million. That claim has been contested in court and the bankruptcy case is still ongoing.

DTN Livestock Analyst John Harrington said this partnership ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Farming on the Mother Road - 5 Chris Clayton has been continuing his trip looking at the state of agriculture along historic Rou...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet What can I do to prevent the spread of facial warts in my herd?
Related News Stories
DTN Weekly Distillers Grains Update
Stressed Stockers
Ammoniation and WDG
The Market's Fine Print
Cutting Risks
DTN Weekly Distillers Grains Update
Farming on the Mother Road - 6
DTN Weekly Distillers Grains Update
Herd Booster
Extra Layers