Smithfield Foods is spending $1.3 billion over the next three years on a new combined packaged meats and processing facility in Sioux Falls, South Dakota.

The new, automated facility will replace one that is over a hundred years old in the same city. Smithfield expects significant efficiency gains when production begins at the end of 2028.

Smithfield is reshaping its U.S. manufacturing footprint as meatpackers face rising costs for live animals and look for new ways to save money. As beef prices […]