Articles tagged under: Smithfield Foods
Anaylsts Closely Monitor Smithfield Foods Closure
Published April 13, 2020
Market analysts are watching the Smithfield Foods plant closing in Sioux Falls very closely. "I do think there are hedge funds in the market selling the headlines," explains Steve Wagner, market analyst, CHS Hedging. "That's the market, but the reality…Sioux Falls Pork Plant Closes Due to COVID-19
Published April 13, 2020
The Smithfield Foods’ Sioux Falls pork processing plant has been shut down indefinitely. The company announced a three-day closure last week to sanitize and implement barriers for social distancing, but that was changed to an indefinite closure over the weekend.…Smithfield Sources Corn From South America
Published June 5, 2019
With record delays in U.S. corn planting, Smithfield Foods is purchasing corn from South America. Reuters is reporting Smithfield Foods is buying grain from ADM and other unnamed companies. Rather than shipping corn from the Midwest, Smithfield has found it…Smithfield Plant Bouyed by Bacon Demand
Published December 7, 2018
Smithfield Foods is investing nearly $45 million in its Sioux Falls pork processing plant. Due to strong demand for bacon, the company is updating its equipment and expanding its bacon capacity. The project should be completed next spring.