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Pork giant Smithfield skips middlemen in grain supply chain

Monday, January 2, 2017 - 05:50

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Smithfield's direct buying strategy aims to lower feed costs and could provide a model for other large meat companies that still largely rely on commercial grain handlers.

Chicago

SMITHFIELD Food Inc, the world's biggest pork producer, is buying grain elevators and purchasing grain directly from farmers, a move that hits grain handlers already reeling from multi-year lows in corn and soya bean prices.

The Virginia-based company bought two Ohio grain

sentifi.com

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