Daily Archives: November 16, 2010

Large Cattle Buyer on the Skids

Large Cattle Buyer on the Skids

 Steve Cornett

Beef Today

The apparent failure of the country’s biggest order buying firm has got the cattle business a buzz, but rumors are much easier to find than to verify.

What seems certain is that Eastern Livestock, LLC., one of the oldest and the biggest cattle order buyers in the U.S., has some $81 million in bad checks floating around the country. Their bank, Fifth Third Bank of Cincinnati on Wednesday filed to force the firm into receivership.

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Eastern Livestock Company facing financial challenges

Eastern Livestock Company facing financial challenges

Alaina Mousel

Tri State Livestock News

The talk at livestock auctions across the country this week is the Eastern Livestock Company situation. Speculation runs wild on what caused the New Albany, IN-based company to write bad checks for livestock that are being returned as “Insufficient Funds.” Problems began to surface around Nov. 3.

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Feeder-Cattle Grades

Feeder-Cattle Grades

Troy Smith

Angus Journal

If you’re in the business of marketing feeder cattle, you might follow the market by checking prices paid at local auction markets, or by checking information received through some market reporting service. The U.S. Department of Agriculture Agricultural Marketing Service (USDA-AMS) issues feeder-cattle price summaries for various marketing regions. Monitoring the market, through these price reports, can help a producer get a feel for what his or her feeder cattle might be worth.

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Marketing 2010 beef calves

Marketing 2010 beef calves

Harlan Hughes

BEEF

As ranchers turn their attention toward marketing 2010 calves, let’s review the economic background of marketing 2009 calves for some possible alternatives for marketing this year’s crop.

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Bond Information for Those Who Sold to Eastern Livestock

Bond Information for Those Who Sold to Eastern Livestock

Beef Today

The U.S. Department of Agriculture’s Grain, Inspection, Packers and Stockyards Administration (GIPSA) is informing cattle producers who have done business with Eastern Livestock Company, LLC, (Eastern) of their rights under the bond provisions of the Packers and Stockyards (P&S) Act.

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Four-state beef conference

Four-state beef conference

Jeff County News

The 27th annual 4-State Beef Conference will be held Jan. 11 and 12.

The Tuesday morning session will begin at 10:30 a.m. in Tecumseh, Neb., at the community building, and the afternoon session will begin at 4:30 p.m. in Lewis, Iowa, at the ISU Armstrong Research Farm.

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Risk assessment for disease facility raises questions

Risk assessment for disease facility raises questions

John Maday

Drovers

As you probably know, the Department of Homeland Security, in partnership with Kansas State University, plans to locate the new National Bio and Agro-Defense Facility in Manhattan Kansas. Today’s release of a site-specific risk assessment report, along with an independent review of the report, raise questions over the facility’s safety. Some, however, take objection to the review’s conclusions.

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