Tuesday, October 30, 2012

California poultry company files for bankruptcy; will be eighth poultry firm to fold in the last year

Well, it look slike that Proppsotion regulating hen laying cage sizes won't be what does in the poultry farmers.
The bankruptcy filing showed that the company's largest unsecured creditors are feed company Western Milling, to whom Zacky Farms owes about $6.6 million, and poultry company Foster Farms LLC, which is owed about $1.2 million. "Zacky Farms will be the eighth poultry firm to be sold, entered into Chapter 11 bankruptcy or shut down altogether since 2011, according to data from trade group National Chicken Council," Huffstutter reports.

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