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
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
DTN Weekly Distillers Grains Update
Ask the Vet
Profit Niche
Cattle Market
DTN Weekly Distillers Grains Update
Ask the Vet
Rethink Grazing
Ample Stocks Ahead
Feedlot Trends
DTN Weekly Distillers Grains Update