Posts: 6
Registered: ‎12-13-2010

Re: Heinold Hog Markets

Thanks, Hardnox for the reply. You said you'd like to hear how it all played out...I'll give you a quick rundown. As you probably know, Harold Heinold also formed Heinold Commodities in the late 1960's. Needing much larger capital reserves to fund the growth in the hog markets and to cover large margin calls on the commodities side, Heinold was sold to Dekalb Ag in about 1972. Here they would operate as a "wholly independant subsidiary." The entire management team stayed in control of Heinold, with Harold as president. In the mid-1980's, due to a change in the board at Dekalb, and a desire to shed some of their non-core businesses, Heinold Commodities was sold by Dekalb in about 1986. Around this same time, the employees of Heinold Hog Markets, Inc. were able to buy the hog markets, and would operate as an employee owned company. By this time, Harold was no longer involved with the company. Then, in 1988, Heinold would sell about 40 market locations to IBP. These markets included the entire state of Iowa, markets located in western Missouri, and a yard or two apiece in the states of Minnesota, S. Dakota, and Kansas. Finally in 1993, due in large part, I'm sure to changes in the hog industry, as well as the fact that IBP was buying the old Wilson (?) plant in Logansport, Ind.,  Heinold sold their remaining yards to IBP. These former Heinold yards were then labled as "IBP Hog Markets" until Tyson bought out IBP. Several old Heinold markets still operate as Tyson today. There are, I believe 4 yards still operating as "Heinold." These are located in  Burlington, IN, Atkinson, IL, Jones, MI, and offhand, I can't remember the town name in Missouri. These yards deal mostly in sows, boars, and "junk" type hogs, and sell to various packers.

You're right, the Heinold story is a remarkable one, and I'm very interested in learning all I can about it. It was also, I believe a great advantage to farmers, as they received the benefit of competitive bids from the many packers that Heinold dealt with.