Other meat processing plants have also closed temporarily because of outbreaks of the coronavirus, including a Tyson Foods facility in Columbus Junction, Iowa, where more than two dozen employees tested positive. The latest shutdowns show the domino effect that can occur when the closure of a major slaughterhouse removes raw materials that are turned into food for consumers. The pandemic continues to grow at a rapid pace as companies rush to get vaccines to market. The biggest threats to PayPal come from companies both public and private. this week extended the closure of a pork slaughterhouse in Columbus Junction, Iowa, that it shuttered last week due to coronavirus cases among employees. TOPLINE Smithfield Foods’ meat processing plant in Sioux Falls, South Dakota, has become the largest coronavirus hotbed in the United States with about 735 associate cases, while Gov. Health savings accounts can lower your tax rate and save you money. REUTERS/Tom Polansek/File PhotoReuters. Smithfield Foods CEO Kenneth Sullivan said in a statement that the plant dishes out nearly 18 million servings of meat per day. The CARES Act has opened up one-time opportunities for investors. Smithfield Marketplace. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. REUTERS/Tom Polansek/File Photo, California Do Not Sell My Personal Information Request. Smithfield, owned by China's WH Group Ltd <0288.HK>, is shuttering a plant that processes bacon and sausage in Cudahy, Wisconsin, for two weeks, according to a statement. Investing for Retirement: How to Design A Plan that Anticipates the Unexpected, The Most Important Ages for Retirement Planning: Age 50, The Most Important Ages for Retirement Planning: Age 59 ½, The Most Important Ages for Retirement Planning: Age 65, The Most Important Ages for Retirement Planning: Age 66, The Most Important Ages for Retirement Planning: Age 70 ½. Such processing facilities are less important to maintaining the U.S. food supply than slaughterhouses, said Steve Meyer, economist for commodity firm Kerns and Associates. South Dakota epidemiologist Josh Clayton said Smithfield has been testing employees for “nearly a week,” working with the company’s health care system. The United Food and Commercial Workers, which represents workers at the plant, said it had pushed for a partial closure after the first infection was confirmed. 8012 Hankins Industrial Park Road, Toano, VA 23168. Tyson Foods Inc Picture taken October 17, 2019. Fax: 1-757-566-2991. Picture taken October 17, 2019. Divergent paths for two widely followed commodities; vaccines and transition politics take center stage. The content Comparative assessments and other editorial opinions are those of U.S. News FILE PHOTO: A truck arrives at Smithfield Foods' pork plant in Smithfield, Virginia, U.S. October 17, 2019. Tyson, Cargill and other major meat processing companies say they are taking a variety of precautions to keep workers safe, including taking the temperature of everyone entering their plants, adding clear plexiglass shields between work stations and erecting tents for more lunchroom space. and have not been previously reviewed, approved or endorsed by any other South Dakota health officials have said more than 80 plant workers tested positive for COVID-19, while the union representing workers said more than 120 have confirmed infections. “Inside Smithfield, workers are not feeling safe,” she said. Get insights into the current and future market with Frost Investment Advisors. Companies like Cargill Inc, JBS USA and National Beef Packing Co have also shut meat plants. Coronavirus; Smithfield Foods Is Blaming “Living Circumstances In Certain Cultures” For One Of America’s Largest COVID-19 Clusters. A facility in Martin City, Missouri, that processes spiral and smoked hams will also close. “They’re really fearing for their lives at this moment.”. A third promising vaccine candidate emerges, outweighing the worrisome pace of the virus. The union said it worked with Smithfield to get workers access to testing and paid leave for those who had contact with someone with the coronavirus. The Smithfield pork processing plant in Sioux Falls, S.D., is seen Wednesday, April 8, 2020, where health officials reported more than 80 employees have confirmed cases of the coronavirus (AP Photo/Stephen Groves), Connect with the definitive source for global and local news. Both plants are located near areas where "community spread of COVID-19 has been prevalent," the company said. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia, and death. Demand for meat at grocery stores has climbed as consumers are staying home to protect themselves from the contagious respiratory virus. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. "Our country is blessed with abundant livestock supplies, but our processing facilities are the bottleneck of our food chain," Sullivan said. The company said it would pay employees who were scheduled to work the days it will be closed. Existing home sales also shot higher in October as housing keeps heating up amid the pandemic. There has been no evidence that the coronavirus is being transmitted through food or its packaging, according to the Department of Agriculture. Phone: 1-888-741-2221. entities, such as banks, credit card issuers or travel companies. Investors need to keep an eye on some of 2021's most anticipated IPOs. Sullivan said Smithfield Foods is taking “the utmost precautions and actions to ensure the health and wellbeing of our employees — with an even increased emphasis on our critical role in the ongoing supply of food to American families.”. (AP) — A Smithfield Foods pork processing plant in South Dakota will temporarily close for cleaning after more than 80 employees were confirmed to have the coronavirus, the company announced Thursday. Both plants are located near areas where "community spread of COVID-19 has been prevalent," the company said. Noem, Mayor TenHaken want Smithfield … They piled into dozens of cars decorated with handmade signs and circled the road outside the factory, honking their horns. The plant, which employees about 3,700 people in the state’s largest city, has emerged as a hotspot of infections, accounting for almost 30% of cases in Minnehaha County. Smithfield Foods plans to suspend operations in a large section of the Sioux Falls plant on Saturday, then completely close on Sunday and Monday. A small number of employees at the Wisconsin and Missouri facilities have tested positive for COVID-19, the disease caused by the novel coronavirus, according to Smithfield. Buy these safe stocks for long-term gains. Smithfield Foods press release, Smithfield Foods To Close Sioux Falls, SD Plant Indefinitely Amid COVID-19 Sioux Falls Argus Leader, Gov. Investors should watch out for mutual funds with high turnover rates. Smithfield did not respond to questions on why it was waiting until Saturday to close the plant. The Missouri plant, which employs more than 400 people, processes pork from the Smithfield slaughterhouse in Sioux Falls, South Dakota, that the company closed indefinitely. Advisors use customization and automation to align investments with a plan. Berkshire Hathaway's portfolio is growing as Buffett pivoted from banks to health care last quarter.
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