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OMAHA, Neb. (AP) — Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices, which will likely only add to concerns about how the lack of competition in the industry affects meat prices. Lawyers began notifying companies affected by this […]
VERNON, CA – Smithfield Foods, the largest pork processor in the world, will close its Vernon, California, plant and reduce its hog herd in the West, the company announced Friday. Owned by Hong Kong-listed WH Group Ltd, Smithfield Food is withdrawing from California by early next year, citing red tape like that from Proposition 12 […]