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Smithfield cuts middlemen in grain purchases
Smithfield Food, the world’s largest pork producer, buys two Ohio grain elevators and will ship grain directly from farmers to its Tar Heel NC packing plant. The move lowers feed costs and increases direct farmer sourcing to 65 percent, up from 10 percent in 2010, signaling a shift away from grain handlers.
MENTIONED IN THIS ARTICLE
Smithfield Food
Ohio
Smithfield
Tar Heel
N.C
Chicago
Archer Daniels Midland
Com
Pany
CHS Inc
U.S
Yuma
Colo
Wal- Mart
CHS
Joe Kerns
Kerns Associates
China
WH Group
Robbie Montgomery
Montgomery