Sam Kane Beef Processing, the Corpus Christie, Tex., beef packer, has filed for Chapter 11 bankruptcy "to assure the fair treatment of our creditors and employees.”
After a private sale of Kane Beef fell through last week, the Corpus Christi beef processor will be sold at auction.
Texas Cattle Feeders Association Tuesday sent this information to its members, which include both buyers and sellers involved with the Eastern Livestock mess.
One of the largest cattle dealers in the country leaves farmers in 30 states empty-handed
The sale of Kane Beef is scheduled to close Feb. 22, 2019, and operations are expected to resume "as soon as practical," the new owner says.
With approval from a Houston bankruptcy court, the new owners of Kane Beef say new investments will be made and operations will resume.
An Oregon judge on Friday dismissed a federal lawsuit related to the death of rancher Robert LaVoy Finicum, who was shot by Oregon State Police in January of 2016.
According to information from a Houston bankruptcy court, Kane Beef will have a new owner.