Reading Time: 2 minutes Canada has suspended imports from the biggest U.S. pork processing plant, a facility run by Smithfield Foods in Tar Heel, North Carolina, the company said on Friday.
Canada suspends imports from biggest US pork processing plant
Issue relates to "certain offal shipments,' says company; ties to tariffs unclear
Smithfield Foods to keep US pork plants open, eyes tariffs amid IPO, CEO says
Reading Time: 2 minutes Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group 0288.HK.
Smithfield Foods targets up to $10.7 billion valuation in US IPO
Reading Time: 2 minutes Smithfield Foods is targeting a valuation of up to $10.73 billion (C$15.41 billion) in its U.S. initial public offering, the packing giant said on Tuesday, moving closer to its much-anticipated stock market return in the country after more than a decade.
Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
American pork producers have been losing money as pig prices, consumer demand bump against high costs
Reading Time: 2 minutes Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply.
Smithfield Foods to pay US$75 million in pork price-fixing settlement
Follows similar settlement by JBS
Reading Time: < 1 minute Reuters — Smithfield Foods has agreed to pay US$75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed on Tuesday night with the federal court […] Read more
U.S. pork packer Smithfield offers ultra-cold vaccine storage
COVID-19 vaccines need storage at -20 C, -70 C
Reading Time: 2 minutes Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, said on Thursday it had offered to help U.S. health officials distribute COVID-19 vaccines and store them in ultra-cold freezers that are in high demand to support a public vaccination campaign. U.S. states, cities and hospitals are scrambling to buy freezers that can safely […] Read more
U.S. meatpacking workers often absent after plants ordered to reopen
"There's still so many risks"
Reading Time: 4 minutes Chicago/Washington | Reuters — Smithfield Foods is missing about a third of its employees at a South Dakota pork plant because they are quarantined or afraid to return to work after a severe coronavirus outbreak, according to the workers’ union. Tyson Foods was forced to briefly close its Storm Lake, Iowa plant — a month […] Read more
Smithfield starting to reopen Sioux Falls hog plant, union says
Major plant was shuttered by COVID-19 outbreak
Reading Time: 2 minutes Chicago | Reuters — Smithfield Foods, the world’s biggest pork processor, resumed limited operations on Monday at a massive South Dakota slaughterhouse it closed last month because of the coronavirus pandemic, the union representing plant employees said. The closure of the plant and other slaughterhouses due to coronavirus cases among employees has led to temporary […] Read more
Smithfield to close Illinois pork facility
Workers test positive for COVID-19
Reading Time: < 1 minute Reuters — World’s largest pork processor Smithfield Foods said Friday it will suspend operations at its Monmouth, Illinois pork processing facility next week after some employees tested positive for COVID-19, adding to already strained U.S. meat supplies. The news of some of the company’s 1,700 employees at the plant testing positive comes a day after […] Read more
COVID-19 forces Tyson to shutter two major U.S. pork plants
Reading Time: 2 minutes UPDATED — Reuters — Tyson Foods is shuttering two pork processing plants, including its largest in the United States, to contain the spread of the coronavirus, further tightening meat supplies after other major slaughterhouse shutdowns. The closures are limiting the amount of meat the U.S. can produce during the outbreak and adding stress on farmers […] Read more
A message from April Stewart, Country Guide's Associate Editor
