date:Jul 26, 2012
A spokeswoman with the company confirmed Smithfields decision to use Brazilian corn following a report in theFinancial Timesthat revealed meat companies were shipping corn from Brazil to the East Coast. Details about Smithfields shipments were not disclosed.
Drought continues to batter the nations corn crop, resulting in surging feed costs for producers and higher prices for meat and poultry. Damage to the corn crop is viewed as probably irreversible in what is considered to be the worst drough