Solvency of 3 S.D. livestock auctions questioned
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.