As a federated cooperative, headquartered in Baraboo, Wisconsin, all of Equity Cooperative Livestock Sales Association’s common stock is owned by 35 local shipping associations. These shipping associations are the link between the parent cooperative and the patron members. Equity operates 12 full-service auction markets and serves livestock producers throughout much of the Midwest and beyond. Governed by a 10-member regional board, Equity provides livestock marketing as well as commodity and credit services to assist its members with the marketing, managing and financing of their agricultural businesses.