Analysis: Eastern Livestock Bond Not Worth Much

Analysis: Eastern Livestock Bond Not Worth Much

Greg Vincent

Beef Today

The recent case of Eastern Livestock’s receivership proceedings, which was filed last week under pressure from Fifth Third Bank, is shedding some light on the dark corners of the beef industry. Many would probably like to keep that quiet. For example, when forced into bankruptcy last week, Eastern had some $80 million in bad checks floating around. They were bonded for $875,000.

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