USA - Illinois pork cooperative files Chapter 7 bankruptcy

http://www.feedstuffs.com/ME2/dirmod.asp?sid=F4D1A9DFCD974EAD8CD5205E15C1CB42&nm=Breaking+News&type=news&mod=News&mid=A3D60400B4204079A76C4B1B129CB433&tier=3&nid=FA740B624CB44669976825794259FD76

09-Mar-2009 (17 years 3 months 5 days ago)

A producer-owned pork processing cooperative in Illinois has announced it will file Chapter 7 bankruptcy. Assets will be liquidated, including the cooperative's 30-million dollar processing facility at Rantoul, Ill., in order to pay as many debts as possible according to a memo from the Meadowbrook board of directors. The cooperative was formed nine years ago with over 200 producer members.