Solvency of 3 S.D. livestock auctions questioned

Solvency of 3 S.D. livestock auctions questioned

Agweek

Federal officials are investigating the solvency of three South Dakota livestock auctions.

The U.S. Department of Agriculture’s Grain Inspection, Packers and Stockyards Administration filed a complaint against McLaughlin Livestock Inc., Mitchell Livestock Auction Inc. and Watertown Sales Barn Inc. The complaint says the liabilities of the three barns exceed their assets.

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