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Articles tagged under: Smithfield Foods

Smithfield Foods Reducing Hog Ownership

Published December 3, 2024

Smithfield Foods and Murphy Family Ventures have signed an agreement, giving the Murphy family ownership of 150,000 sows now owned by Smithfield in North Carolina. As part of the arrangement, Smithfield will provide production services, including feed and transportation. Smithfield…
Latest NewsAg BusinessLivestock

Smithfield IPO on the Horizon

Published August 28, 2024

Smithfield Foods plans to spin off its European business, but it will remain part of Smithfield’s parent company, WH Group. The decision is being made to go public with the U.S. pork business.
Latest NewsAg BusinessLivestock

Smithfield Hog Production Has New President

Published February 22, 2024

Kraig Westerbeek has been named president of the Smithfield Foods swine production operations. Westerbeek started his tenure with Smithfield in 1993. Most recently, he has been the chief development officer for a joint venture between Smithfield, Roeslein Alternative Energy and…
Latest NewsLivestock

Another Packing Plant to Close

Published October 10, 2023

Smithfield Foods plans to close its pork processing plant in Charlotte, North Carolina. Production will be shifted to the much larger facility in Tar Heel, North Carolina. Smithfield and other meat packers are struggling with high costs for meat, feed…
Latest NewsAg BusinessLivestock

Smithfield Settles Price Fixing Lawsuit

Published September 28, 2022

Smithfield Foods will pay $75 million to settle a price-fixing lawsuit. A federal court in Minneapolis still needs to approve the deal. Smithfield officials denied liability, but said it settled to avoid the risk and cost of litigation.  In mid-September,…
Latest NewsMarketsAg BusinessLivestock

From AFBF to Smithfield Foods

Published September 1, 2022

Ray Atkinson is the new director of external communications for Smithfield Foods. Previously, Atkinson was the director of communications for the American Farm Bureau Federation.
Latest NewsAg Business

Price-Fixing Settlement

Published July 6, 2022

Smithfield Foods has agreed to pay $42 million to settle a price-fixing lawsuit. The legal battle is continuing for other major pork processors. The lawsuit claims the industry shared confidential information about pricing, capacity and demand.
Latest NewsAg Business

Monroe Moves to Smithfield

Published September 7, 2021

Jim Monroe will join Smithfield Foods on September 20 as vice president of corporate affairs. Monroe is currently the assistant vice president of communication for the National Pork Producers Council.
Latest NewsAg BusinessLivestock

Smithfield Settles Price-Fixing Lawsuit

Published July 1, 2021

Smithfield Foods has agreed to pay $83 million to settle a civil lawsuit that alleged the company was involved in a price fixing scheme for its pork business. Smithfield denies the charges, but said the settlement will reduce its cost…
Latest NewsAg BusinessLivestock

Meat Packers Respond to COVID Investigation

Published February 1, 2021

In response to letters from the House Subcommittee on the COVID Crisis, Tyson Foods said the top priority will always be the health and safety of their people. Smithfield Foods Chief Administrative Officer Kiera Lombardo said Smithfield Foods has taken…
Latest NewsAg Business
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