Foreclosure strands thousands of cattle in S.D.

A foreclosure case brought against a cattle operation in Corsica, S.D., has left potentially thousands of head of cattle in limbo between the feedlot and the slaughterhouse. The case was brought earlier this month by the First Dakota National Bank against Robert and Becky Blom. The bank alleges that the Bloms overdrew their account by more than $1 million, leaving the bank to consider itself “insecure,” the report said.At a hearing last week, nine law firms filed notices of appearance in the case representing 17 additional parties.According to the complaint, the Bloms owe a principal amount of $6,748,600.92 in notes and an additional $792.75 per day in accrued interest on those notes. It isn’t known how much the Bloms could owe altogether to all parties.