Smithfield Foods Commits to Keeping U.S. Pork Plants Open Amid Market Shifts

Smithfield Foods, the largest pork processor in the U.S., has reaffirmed its commitment to maintaining its domestic operations, stating that no further plant closures are planned. This decision comes as the company focuses on growth strategies and long-term market stability. Investing in Domestic Production In recent years, Smithfield has streamlined operations by shutting down select plants and restructuring its supply chain. Now, the company is shifting gears, emphasizing fresh pork utilization in its packaged meats division and increasing domestic market supply rather than relying on exports to China. This strategic pivot aims to enhance efficiency and meet evolving consumer demands. Navigating Trade and Labor Challenges As market conditions continue to fluctuate, Smithfield is closely monitoring potential trade policy changes, particularly regarding tariffs that could impact U.S. pork exports to key markets like China and Mexico. Additionally, labor availability remains a conce