Meadowbrook Farms Cooperative has officially filed for Chapter 7 bankruptcy proceedings in the U.S. Bankruptcy Court in the Southern District of Illinois.

The producer-owned pork processing plant in Rantoul, IL, had been delaying filing to find

last-minute financing to keep the struggling business afloat.

A meeting of creditors is scheduled for May 29 in East St. Louis.

Read more about these developments on pages 7-8 of the March 15, 2009 issue of National Hog Farmer,.