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Seaboard Triumph names new director of FSQA

Seaboard Foods reaches settlement in pork price-fixing suit

Seaboard Foods reaches settlement in pork price-fixing suit

Statement Of CFTC Commissioner Kristin N Johnson Regarding Settlement With Cody Easterday For Massive Fraud, False Statements To An Exchange, And Position Limits Violations

<p><span>Today, the U.S. District Court for the Eastern District of Washington issued an order granting a permanent injunction to resolve pending litigation against Cody Easterday (Consent Order).&nbsp; Easterday had previously been charged by the Commission for engaging in fraud in connection with the sale of more than 200,000 head of &ldquo;ghost&rdquo; cattle&mdash;which did not, in fact, exist&mdash;to Tyson Fresh Meats, Inc. (Tyson), a beef processor and part of a corporate family that together constitute one of the largest food suppliers in the world, as well as with making false statements to the Chicago Mercantile Exchange (CME) and violating exchange-set position limits.</span><span>&nbsp; As a result of Easterday&rsquo;s fraud, Tyson paid him and his feedyard, Easterday Ranches, Inc. (Easterday Ranches), more than $233 million to which they were not entitled.</span></p>

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