Smithfield Foods confirms that company will now import corn from Brazil amid surging costs for U.S. feed grains

LOS ANGELES , July 24, 2012 () – Smithfield Foods confirmed that the company would now import corn from Brazil amid surging costs for U.S. feed grains, The Wall Street Journal reported July 24.

A Smithfield spokeswoman confirmed the company's decision to use Brazilian corn in its hog-raising operations but declined to say how much of the feed the company has purchased or when the first shipments would arrive.

Big livestock producers such as Smithfield buy millions of bushels of feed each year as they stock the meat supply chain with new pens of animals ready for slaughter.

The primary source of this article is The Wall Street Journal, New York, New York, on July 24, 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.