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
  • Dr. Dan Talks Agronomy DTN Contributing Agronomist Dan Davidson gives his take on the Six Secrets of Soybean Success pro...
  • Mountain Top Prices North Carolina's mountain cattle producers have always been an independent bunch. But a new allia...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Saving Our Forgotten Harvest About 40% of America's food goes uneaten each year. This nonprofit is working to remedy that prob...
  • Look Beyond Yield Soybean industry increases efforts to promote the importance of oil and protein content to farmer...
  • Ask the Vet Is this fly-control mineral block safe for my whole herd?
Related News Stories
Stay a Step Ahead of Scours
The Market's Fine Print
Ask the Vet
Stay a Step Ahead of Scours
Mountain Top Prices
Ask the Vet
Easy Does It
Market Math
Market Moves
Report Seen Showing Bigger Cattle Herd