Agribusiness  October 7, 2019

In counterclaim, Utah rancher claims Fort Collins cattle broker stole cow-auction proceeds

FORT COLLINS and DELTA, UTAH — A Utah-based cattle-raising company is arguing that it didn’t steal several hundred heads of cattle from a Fort Collins beef brokerage, and alleges that its accuser later stole its proceeds from a cow auction.

In its response filed with the U.S. District Court of Colorado, Corey Cattle Co. LLC broadly denied any allegations from Titan Livestock LLC that it effectively stole at least 858 of the 2,288 head of Angus-Wagyu crossbred cattle it was under contract to care for until they reached a specific weight.

Titan Livestock filed suit against Corey in September, alleging that the company continued to charge Titan for feed and care costs for the cattle it no longer had.

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Corey also filed counterclaims against Titan, alleging that it failed to pay $369,079 for the weight-gain regime Corey put on thousands of other cows. Corey also claims a Utah-based livestock auctioneer sold a number of cull cattle owned outright by Corey in mid-September for $36,800, but Titan filed UCC claims against the company in 2017 and received a check for the proceeds. The company claims that Titan illegally instructed the auctioneer to not reissue a check in Corey’s name.

Corey Cattle Co.’s principal, Michael Corey, also filed a separate motion to dismiss Titan’s suit naming him as a defendant instead of his company.

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

FORT COLLINS and DELTA, UTAH — A Utah-based cattle-raising company is arguing that it didn’t steal several hundred heads of cattle from a Fort Collins beef brokerage, and alleges that its accuser later stole its proceeds from a cow auction.

In its response filed with the U.S. District Court of Colorado, Corey Cattle Co. LLC broadly denied any allegations from Titan Livestock LLC that it effectively stole at least 858 of the 2,288 head of Angus-Wagyu crossbred cattle it was under contract to care for until they reached a specific weight.

Titan Livestock

Ken Amundson
Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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