The Smithfield Foods plant in Sioux Falls announced it was closing until further notice. As of Tuesday, 438 total workers have tested positive with COVID-19. That’s an increase of nearly 100 overnight.
Smithfield Foods’ pork processing plant in Sioux Falls, S.D., is closing for three days starting on Saturday, April 11, and will remain closed on Sunday and Monday while essential employees clean the plant.
Jason Franken, agricultural economist at Western Illinois University, says another all-time record hog inventory amidst the COVID-19 pandemic extends further downward pressure on prices. Here's his take on the report.
The U.S. agreed to revise its trade deal with South Korea and spare the country from President Donald Trump’s steel tariff, as the allies sought to resolve disputes before planned meetings with Kim Jong Un.
As harvest wraps up, speculation will occur about the acreage decisions farmers will make in 2019. Current market conditions support an acreage increase in corn and a reduction in soybeans in 2019, says Todd Hubbs.
Money Matters columnist Kent Bang of Compeer Financial says timing in the marketplace is nearly impossible now, not knowing how long ASF will continue to reduce Asia's swine herd or how much pork is in their freezers.
Despite President Trump’s positive outlook on the trade war ending “soon,” some U.S. pig farmers are frustrated that they are missing opportunities to sell more pork to China. But others still have hope.
The pandemic’s impact on the global pork supply chain won’t be over anytime soon. Rabobank analysts revised down pork production for 2020 in major producing countries in its most recent Pork Quarterly report.