Fort Collins livestock broker alleges Utah rancher stole hundreds of cattle

FORT COLLINS and DELTA, UTAH  — A Canadian cattle broker and its Fort Collins subsidiary is taking its beef with a Utah rancher to court.

According to a lawsuit transferred into the U.S. District Court of Colorado, Titan Livestock Inc. signed multiple agreements with Utah-based Corey Cattle Co. LLC during 2017 to purchase 2,288 head of Angus-Wagyu crossbred cattle. Titan paid Corey to care for the cattle until they reached a certain weight under the deal, at which point Corey would buy the cattle back.

Titan Livestock is based in Edmonton, Canada, but maintains an office in Fort Collins under the name Titan Breeding LLC.

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The suit alleges that Corey sold at least 858 of those cattle and pocketed the proceeds, valued at more than $1.9 million, while charging Titan for feed that never made it to those cows’ troughs. Titan also claims Michael Corey, Corey Cattle Co.’s owner, admitted the cattle were gone and had “severe financial problems.”

Titan is demanding Corey pay the total cost of the stolen cattle and damages multiplied by three.

Kirk Mueller, a Denver attorney listed as Corey’s counsel, told BizWest his client “strongly disagrees with the accusations and looks forward to refuting the allegations in the complaint.”

This story was updated at 1:53 p.m. to add comments from Kirk Mueller.