Smithfield Foods | Red River Farm Network

Any Packing Plant is Important Right Now

Published April 15, 2020

According to Kerns & Associates economist Steve Meyer, any packing plant is important to the pork industry right now. "It's the cumulative effect that gets us. If we would have lost one plant at a time, even just two plants…

Traders Compare Impact of Packing Plant Shutdowns

Published April 14, 2020

According to Summit Commodities market analyst Tim Marsh, having the Smithfield Foods pork plant in South Dakota shut down is comparable to having the beef plant in Kansas shut down last summer. Marsh says the difference is the current prices.…

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.

Articles tagged under: Smithfield Foods

Any Packing Plant is Important Right Now

Traders Compare Impact of Packing Plant Shutdowns

Anaylsts Closely Monitor Smithfield Foods Closure

Sioux Falls Pork Plant Closes Due to COVID-19

Smithfield Sources Corn From South America

Smithfield Plant Bouyed by Bacon Demand

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