Thursday, November 18, 2010

Livestock market checks good, manager says

The office manager of West Kentucky Livestock Market in Marion says all outstanding checks made recently to cattle farmers are good.

Linda Edwards said Thursday that a few checks issued to area producers have not been cashed. She said no checks written by West Kentucky Livestock have been returned for insufficient funds.

West Kentucky Livestock Market, which operates the weekly cattle auction in Marion, is owned by Thomas Gibson, of New Albany, Ind. Gibson also owns the financially-troubled Eastern Livestock Company.

Edwards said the Marion livestock market's legal counsel has advised it to remain closed until the matter with Eastern Livestock is settled. Eastern is now in receivership.