USA - Illinois pork cooperative files Chapter 7 bankruptcy

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.