Monday, September 30, 2024

Smithfield slashes hog production 20 per cent


 

Smithfield Foods, the largest hog producer and pork packer in the world, said it has cut hog production in the United States by 20 per cent.


It has closed a packing plant at Vernon, California, which prompted hog production cuts there.


It also cancelled contracts with 26 farms in Utah, closed 35 farms in Missouri and closed a packing plant in North Carolina.


It also cut production in Arizona and along the Atlantic Ocean coast.


Tyson Foods shut down one of its pork-packing plants this year.


The industry has been suffering hog production losses.


In Ontario, the main challenge is finding a buyer for all of the hogs reaching market weight because the province is chronically short of slaughter capacity, aggravated further when Quality Meat Packers closed