smithfield-foods

(NAFB.com) – Smithfield Foods’ CEO says he hopes that everything the company has done to make working in its plants more attractive ever since COVID tore through the industry during the pandemic will help it weather the impact of President Donald Trump’s promised mass deportations. Smithfield went public Tuesday more than a decade after the world’s largest pork producer was bought by China’s WH Group. CEO Shane Smith says he believes the company is positioned to grow in the next few years. He said Smithfield has streamlined its costs and is focused on more profitable packaged meats business through its brands like Eckrich, Armour, and Nathan’s Famous. The company’s shares went on sale for $20 and dipped less than a dollar in trading Tuesday before finishing close to the offering price, generating about $522 million for the Smithfield, Virginia-based company.