In this file:
· ADM ships Brazil corn to Smithfield Foods in the United States amid heavy rains
… Smithfield owns port facilities on the U.S. east coast and sometimes buys corn abroad because of the cost of shipping grains from the domestic corn belt…
· Smithfield Foods ensures good environment for neighbors
… The company has developed the Community Advisory Panel, which is just one of the ways Smithfield industry leaders give members of the community an opportunity to express their thoughts and concerns with regard to the industry…
ADM ships Brazil corn to Smithfield Foods in the United States amid heavy rains
Ana Mano & Roberto Samora, Reuters
June 4, 2019
SAO PAULO, June 4 (Reuters) - Archer Daniels Midland Co and other grain traders are selling Brazilian corn to Smithfield Foods Inc in the United States, where wet weather has reduced plantings, said two sources with knowledge of the matter.
The sources, who requested anonymity to discuss sensitive market information, said Smithfield owns port facilities on the U.S. east coast and sometimes buys corn abroad because of the cost of shipping grains from the domestic corn belt.
“We are just finding a destination for Brazil corn and supplying those who know there will be a shortage ... Just being faster and nothing else,” said a third source close to ADM.
ADM declined to comment. Smithfield, a subsidiary of China’s WH Group, did not return a request for comment.
The sources did not give the names of other traders shipping Brazilian corn.
One source said Smithfield Foods likely ordered between five and 10 corn shipments from Brazil, which are expected to be loaded onto ships between September and January.
The other source said Paraguay and Argentina are also shipping corn to the United States, with around 1 million tonnes now under contract for shipment from South America to the United States.
A record delay in corn planting in the United States, the world’s largest producer and exporter, is likely to drive demand for Brazilian corn this season as U.S. farmers struggle with heavy rains, according to analysts and market data.
Only 67% of U.S. corn was planted by June 2, well behind the five-year average of 96%, the U.S. Department of Agriculture said.
Brazil’s government forecast corn exports would grow by 25% this season...
Smithfield Foods ensures good environment for neighbors
By Kristy D. Carter, The Sampson Independent (NC)
June 5, 2019
Smithfield Foods, a $15 billion company, and the world’s largest pork processor and hog producer, has joined with the City of Clinton in a partnership that has the local business taking responsibility for and working to continuously lessen the environmental footprint.
That partnership is one of three projects being highlighted as part of the City of Clinton’s bid for the title of All-America City.
Environmental laws and regulations administered by federal and state agencies such as the U.S. Environmental Protection Agency and the North Carolina Department of Environmental Quality ensure industry operations meet the rigorous environmental requirements dictated by their permits, however, Smithfield has gone even further.
“Smithfield has expended money and resources to be a good neighbor simply because it’s the right thing to do,” stressed Rick Bowen, environmental manager at Smithfield’s Clinton facility. “We want to be transparent and receptive to the thoughts, ideas, and opinions that come our way.”
The company has developed the Community Advisory Panel, which is just one of the ways Smithfield industry leaders give members of the community an opportunity to express their thoughts and concerns with regard to the industry. According to Bowen, he makes a point of visiting with neighbors of the industry, including a local Mexican restaurant, an elementary school, a funeral home, and a hardware store, listening to the owners discuss how the industry is doing, environmentally speaking.
Smithfield achieved ISO 14001 certification for its environmental management system at the facility over a decade ago. This certification is considered the international gold standard for environmental management. To obtain certification, an organization must meet a rigorous and comprehensive set of requirements and criteria developed by more than 2,000 experts from around the world. It also requires independent audits by third parties. In fact, Smithfield was the first in its industry to achieve ISO 14001 certification for all its hog production and processing facilities worldwide.
The local industry didn’t stop there...