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Stock impact report

Smithfield closes plant that produces 5% of U.S. pork indefinitely, warns of meat shortages during pandemic [Financial Post (Toronto, Ontario, Canada)]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Financial Post
Smithfield closes plant that produces 5% of U.S. pork indefinitely, warns of meat shortages during pandemic ‘It is impossible to keep our grocery stores stocked if our plants are not running’ CHICAGO — Smithfield Foods, the world’s biggest pork processor, said on Sunday it will shut a U.S. plant indefinitely due to a rash of coronavirus cases among employees and warned the country was moving “perilously close to the edge” in supplies for grocers. Slaughterhouse shutdowns are disrupting the U.S. food supply chain, crimping availability of meat at retail stores and leaving farmers without outlets for their livestock. Smithfield extended the closure of its Sioux Falls, South Dakota, plant after initially saying it would idle temporarily for cleaning. The facility is one of the nation’s largest pork processing facilities, representing 4 per cent to 5 per cent of U.S. pork production, according to the company. South Dakota Governor Kristi Noem said on Saturday that 238 Smithfield employees Show less Read more
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