Elders investigating cattle valuations October 1, 2013 - 10:36AM 7 reading now Read later Seven senior employees in Elders' live cattle trading division have resigned as the agribusiness investigates discrepancies surrounding livestock values. Among those who have resigned is the general manager of the company's cattle export trading division. "Elders announces that its senior group management and board have identified certain discrepancies and issues in relation to the reporting and recognition of livestock values in its live cattle export division," Elders said in a statement. The company is still assessing the matter to determine any effect on the company's financial results for the year to September 30. Currently, it does not believe the issue will have a material impact on the group's outlook for future financial periods. Elders said the employees would work their notice periods to ensure an orderly transition to a new management team. "The change in personnel provides Elders with an opportunity, in line with its recently implemented efficiency strategy, to reshape the broader trading business to better integrate it with the Elders rural services network," Elders chief executive Malcolm Jackman said. Shares in Elders were steady at 11 cents at 1032 AEST.