Insights and Stories on Smithfield

Oct. 12, 2016 at 5:22 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower for a fourth straight session on Wednesday as they marked new lows, hit by softer initial cash prices, traders said. October closed 0.75 cent per pound lower at 96.75 cents, and made a new low of 95.675 cents […]

By Theopolis Waters

Oct. 7, 2016 at 2:50 pm CDT

Chicago | Reuters — Smithfield Foods will shutter its hog processing facility, the world’s largest, on Saturday to protect employees in North Carolina from Hurricane Matthew, industry sources said on Friday, as farmers braced for the storm’s potential lashing. Matthew has fueled concerns about the safety of livestock and farm […]

By Theopolis Waters, Tom Polansek

Sep. 8, 2016 at 7:04 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures finished lower on Thursday in response to the day’s fallen cash and wholesale beef prices, traders said. October live cattle ended 1.025 cents/lb. lower at 101.4 cents, and December 1.6 cents lower at 102.6 cents (all figures US$). Thursday afternoon’s […]

By Theopolis Waters

Sep. 7, 2016 at 3:52 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Wednesday posted their biggest daily gain in a month, fueled by short-covering and bargain buying after recent market losses, traders said. October live cattle ended 2.4 cents/lb. higher at 102.425 cents, and December up 2.275 cents at 104.2 cents […]

By Theopolis Waters

Sep. 6, 2016 at 1:13 pm CDT

Chicago | Reuters — Smithfield Foods on Tuesday said a hog slaughterhouse in western Illinois will be operational as soon as possible after a fire halted pork production on Monday. “(The) cause of the fire is being investigated,” Smithfield spokeswoman Kathleen Kirkham said, adding that there were no injuries in […]

By Reuters