Global Processing

Smithfield has made no decision on new beef plant

April 21, 2005

Smithfield Foods, Inc. responded to a story published in Cattle Buyers Weekly stating that the company would build a new beef plant, PRNewswire reports. As part of its ongoing strategic business planning, the company has had early, exploratory discussions concerning the feasibility of constructing a beef plant. However, the company has not yet determined the economic benefits of constructing a plant and is not near a final decision regarding the ultimate feasibility of such a plant.