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Eastern cattle co.
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Roy@ranch
Posted 12/17/2010 21:54 (#1491965 - in reply to #1491942)
Subject: Re: Eastern cattle co.


North Cental Mo.
Here is a copied paragraph in an article I read on DTN.

Coupled with the actual losses by cattlemen, Eastern's bank has questioned the whole scope of the company's cattle transactions, alleging Eastern may have had as much as $2.5 billion in fictitious sales last year

I think it will depend on how you interpret that. Said something about $130 mil. owed to producers.

Roy
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