World’s Largest Pork Producer Plans Billion-Dollar South Dakota Revamp

With US markets off for Presidents’ Day, a quiet news cycle let the world’s largest pork producer hog some attention. Virginia-based, Hong Kong-owned Smithfield Foods announced plans to build a $1.3 billion “state-of-the-art” processing facility in Sioux Falls, South Dakota. Local officials billed it as a “once-in-a-generation opportunity,” though they have plenty of reasons to ham things up. SUBSCRIBE:  Receive more of our free The Daily Upside newsletter. READ ALSO: Can Alibaba’s Qwen3.5 Help Chinese A ...