A US Pork Plant Is in Jeopardy as Soaring Inflation Dents Demand
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Hog plants are at risk of shutting as soaring inflation hampers demand for pork while feed costs climb.
Closely held Canadian HyLife Foods is looking for a buyer for its pork plant southwest of Minneapolis just three years after it purchased the facility, which processes about 1.2 million hogs annually. Olymel, another Canadian company, announced Friday it will permanently close its slaughter plant in Vallee-Jonction, Quebec, impacting about 1,000 workers.