FILE PHOTO: Products of Smithfield, acquired by WH Group, the largest pork company in the world, are displayed at a news conference on the company's annual results in Hong Kong, China March 29, 2016. REUTERS/Bobby Yip
Food processing corporation Smithfield Foods will shut down its Vernon, California, plant and scale back operations in California, Utah and Arizona, the company announced Friday.
Smithfield “will cease all harvest and processing operations in Vernon, California in early 2023 and, at the same time, align its hog production system by reducing its sow herd in its Western region,” the company said in a Friday news release.
“It’s increasingly challenging to operate efficiently there,” Smithfield Foods spokesperson Jim Monroe told the Wall Street Journal. “We’re striving to keep costs down and keep food affordable.”
Owned by Hong-Kong-based conglomerate WH Group, Smithfield is the largest pork processor in the country by volume.
Like other food businesses nationwide, the company was hit by a combination of supply chain and labor shortages, the ongoing record-high inflation, and the war in Ukraine — a major producer of wheat—which sent grain prices soaring worldwide.
Because grain is a crucial ingredient in livestock feed, the impending grain shortage also spiked livestock feed prices, raising the California plant’s production costs.
”READ FULL ARTICLE:https://www.thegatewaypundit.com/2022/06/largest-pork-company-us-shuts-california-plant-due-high-costs/
”DONT CARE MUCH ABOUT PORK BUT FOR THE PORK EATERS? THIS CONCERNS THEM. FOOD SHORTAGES AND HIGH INFLATION IS HAPPENING EVERYWHERE.
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