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. 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. When it comes to investing in space, these are the best companies to watch. Is this growth sustainable? Existing home sales also shot higher in October as housing keeps heating up amid the pandemic. Smithfield did not respond to questions on why it was waiting until Saturday to close the plant. Berkshire Hathaway's portfolio is growing as Buffett pivoted from banks to health care last quarter. Noem, Mayor TenHaken want Smithfield … “They’re really fearing for their lives at this moment.”. The company said it would pay employees who were scheduled to work the days it will be closed. 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. SIOUX FALLS, S.D. Tyson Foods Inc "Without plants like Sioux Falls running, other further processing facilities like Martin City cannot function," Smithfield Chief Executive Ken Sullivan said in a statement. Smithfield Foods spokeswoman Keira Lombardo said the company posted signs telling workers with symptoms to stay home and saying that the would not be penalized for missing work. 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. Buy these safe stocks for long-term gains. 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. Phone: 1-888-741-2221. 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 Virginia-based company said it will sanitize the plant and install physical barriers to “enhance social distancing.”. South Dakota epidemiologist Josh Clayton said Smithfield has been testing employees for “nearly a week,” working with the company’s health care system. Companies like Cargill Inc, JBS USA and National Beef Packing Co have also shut meat plants. Smithfield Foods plans to suspend operations in a large section of the Sioux Falls plant on Saturday, then completely close on Sunday and Monday. But the company also offered a $500 bonus to hourly employs who did not miss work in April, a move that Kooper Caraway, the president of the AFL-CIO, which organizes local unions, said motivated workers to show up sick. Subscribe to our daily newsletter to get investing advice, rankings and stock market news. Both plants are located near areas where "community spread of COVID-19 has been prevalent," the company said. Divergent paths for two widely followed commodities; vaccines and transition politics take center stage. Coronavirus; Smithfield Foods Is Blaming “Living Circumstances In Certain Cultures” For One Of America’s Largest COVID-19 Clusters. Restaurant demand has evaporated as dining rooms have closed. The CARES Act has opened up one-time opportunities for investors. 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. Smithfield Foods CEO Kenneth Sullivan said in a statement that the plant dishes out nearly 18 million servings of meat per day. Investors should watch out for mutual funds with high turnover rates. CHICAGO (Reuters) - Smithfield Foods Inc, the world's largest pork processor, said on Wednesday it would shutter two U.S. plants that process bacon and ham, after closing a separate hog slaughterhouse because of an outbreak of the coronavirus among employees. 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. Picture taken October 17, 2019. Comparative assessments and other editorial opinions are those of U.S. News TGT stock has been outperforming, despite steep competition. Bank of America recommends these small-cap stocks. A third promising vaccine candidate emerges, outweighing the worrisome pace of the virus. This established investment strategy has worked for years, but is it sustainable in the future? Health savings accounts can lower your tax rate and save you money. Investors need to keep an eye on some of 2021's most anticipated IPOs. "Our country is blessed with abundant livestock supplies, but our processing facilities are the bottleneck of our food chain," Sullivan said. "The key for food supplies is getting animals converted to meat," he said. Smithfield Foods Shuts U.S. Bacon, Ham Plants as Coronavirus Hits Meat Sector, FILE PHOTO: A truck arrives at Smithfield Foods' pork plant in Smithfield, Virginia, U.S. October 17, 2019. But employees and their family members expressed their frustration with Smithfield’s actions so far in a socially-distanced protest outside the factory on Thursday night. Wealth of Knowledge is a weekly podcast featuring tips and expert insight on all things money: personal finance, careers, investing, real estate and more. “Inside Smithfield, workers are not feeling safe,” she said. 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. 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. REUTERS/Tom Polansek/File PhotoReuters. Smithfield Marketplace. Advisors use customization and automation to align investments with a plan. on this page is accurate as of the posting date; however, some of our partner offers may have expired. Here's a primer for investors on understanding and measuring shareholder value. (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. Email: For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia, and death. Smithfield Foods press release, Smithfield Foods To Close Sioux Falls, SD Plant Indefinitely Amid COVID-19 Sioux Falls Argus Leader, Gov. Fax: 1-757-566-2991. There has been no evidence that the coronavirus is being transmitted through food or its packaging, according to the Department of Agriculture. Demand for meat at grocery stores has climbed as consumers are staying home to protect themselves from the contagious respiratory virus. (Reporting by Tom Polansek; Editing by Peter Cooney). They piled into dozens of cars decorated with handmade signs and circled the road outside the factory, honking their horns. Income investors should prepare their portfolio for 2021 with these top dividend stocks. Get insights into the current and future market with Frost Investment Advisors. 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. and have not been previously reviewed, approved or endorsed by any other Smithfield Foods Shuts U.S. Bacon, Ham Plants as Coronavirus Hits Meat Sector More FILE PHOTO: A truck arrives at Smithfield Foods' pork plant in Smithfield, Virginia, U.S. October 17, 2019. New details show how Smithfield Foods failed to take action in the crucial days before the plant turned into one of the nation’s largest coronavirus clusters. For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. FILE PHOTO: A truck arrives at Smithfield Foods' pork plant in Smithfield, Virginia, U.S. October 17, 2019. entities, such as banks, credit card issuers or travel companies. Nancy Reynoza, an organizer with ¿Que Pasa Sioux Falls?, a Latino community organization, said they organized the protest after hearing from workers at the plant that they were afraid to speak out about the lack of safety measures in place. 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.”.

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