Eastern Livestock Co. LLC of New Albany, Indiana, is under investigation for $94 million in unpaid bills for livestock.
No charges have been filed against Eastern Livestock Co., said Jay Johnson, regional director of the U.S. Agriculture Department’s Grain Inspection, Packers and Stockyards Administration in Des Moines, Iowa.
“We had investigators there … and you can plug in the number $94 million,” Johnson said of what allegedly was owed for livestock.
A woman who answered the phone at Eastern Livestock said the company was operating but would not comment further. On its website, Eastern Livestock calls itself one of the largest cattle brokerage companies in the United States. Formed in 1982, it now has facilities in 11 states. New Albany, in southeast Indiana, is a suburb of Louisville, Kentucky.
The investigation stemmed from a complaint from a seller, said Johnson.