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Core Points - Smithfield Foods, in collaboration with the University of Virginia and Virginia Tech, donated 62,000 pounds of protein to support local food banks addressing food insecurity in Virginia [1] - The Commonwealth Clash, a long-standing sports rivalry, has evolved into a community initiative that encourages food drives and donations to combat hunger [2] - The Blue Ridge Area Food Bank serves over 170,000 individuals monthly, while Feeding Southwest Virginia distributes over 21 million pounds of food annually [4][7] - Smithfield's hunger relief program, Helping Hungry Homes, has provided hundreds of millions of servings of protein since 2008, with significant contributions in 2024 alone [9] - Smithfield has donated a total of 350,000 pounds of protein since the inception of its partnership with local food banks in 2021 [8] Company Overview - Smithfield Foods is a leading American food company specializing in packaged meats and fresh pork products, with a commitment to quality and community support [11] - The company emphasizes its role in providing high-quality meat products while also engaging in initiatives to reduce hunger and support local communities [10] Food Bank Operations - The Blue Ridge Area Food Bank is the largest hunger relief organization in Western and Central Virginia, operating through a network of community partners [4][12] - Feeding Southwest Virginia serves 26 counties and nine cities, focusing on nourishing families and individuals facing food insecurity [7][13]

Core Points - Smithfield Foods donated 32,000 pounds of protein to support local food banks during the Mayflower Marathon Holiday Food and Fund Drive [1][4] - The donation will provide 128,000 servings of food to individuals experiencing hunger in Southeastern Virginia [4] - Smithfield's hunger relief program, Helping Hungry Homes, has provided hundreds of millions of servings of protein across all 50 U.S. states since 2008, with over 25 million servings valued at nearly $28 million donated in 2024 [7] Company Initiatives - Smithfield Foods emphasizes its commitment to fighting hunger in the communities where it operates, highlighting the importance of providing access to protein [2][6] - The company has a long-standing partnership with local food banks, which helps ensure nutritious protein is available for households, especially during the holiday season [6][7] - More than 20 Smithfield employees volunteered at the Mayflower Marathon event, demonstrating the company's community involvement [5] Community Impact - The Virginia Peninsula Foodbank and the Foodbank of Southeastern Virginia and the Eastern Shore play crucial roles in addressing food insecurity, providing millions of meals to those in need [10][11] - Smithfield's donations are vital for families facing food insecurity, allowing them to celebrate the holidays with nutritious meals [5][6] - The Mayflower Marathon is a 57-hour continuous food and fund drive that brings hope and relief to many Virginians during the holiday season [6]

Group 1 - Major U.S. pork producers have agreed to pay nearly $200 million to settle allegations of a price-fixing scheme that inflated prices for consumers and grocery stores [3][4] - The lawsuit, initiated in 2018, claims that eight leading U.S. pork producers colluded to manipulate production levels and enhance profitability from 2009 to 2021, controlling over 80% of the pork market [3] - Tyson Foods' pork brands, which include Hillshire Farms and Wright Brand bacon, accounted for 11% of the company's $53 billion sales in fiscal year 2024 [4] Group 2 - Tyson Foods has agreed to pay $85 million, marking the largest settlement in a price-fixing case that has been ongoing for seven years, surpassing Smithfield Foods' previous $75 million settlement [7] - The lawsuit alleges that Tyson and other major producers used the Agri Stats platform to artificially raise pork prices by intentionally limiting supply [7] - Tyson has faced multiple allegations of price-fixing, including a $221 million settlement related to chicken prices in 2021 [5]

Core Insights - Hormel Foods Corporation (NYSE:HRL) is recognized as one of the 13 incredibly cheap dividend stocks to invest in [1] - The company has transitioned from a primarily meat-focused business to a broader global branded food enterprise, generating over $12 billion in annual revenue from more than 40 brands worldwide [3] - Hormel Foods is classified as a Dividend King, having increased its dividend payouts for 59 consecutive years, currently offering a quarterly dividend of $0.29 per share with a dividend yield of 4.67% as of September 19 [3] Company Overview - Hormel Foods Corporation is an American multinational food processing company operating through three main segments: retail, foodservice, and international [2] - The retail segment includes well-known brands such as Planters, SPAM, Skippy, Herdez, Jennie-O, and Hormel [2] - The foodservice division supplies products like pizza toppings and bacon to restaurants and other food outlets, while the international business encompasses global sales and investments abroad [2] Financial Performance - The company has evolved significantly, now generating more than $12 billion in annual revenue [3] - Hormel Foods has a strong track record of dividend growth, being a Dividend King with 59 years of consecutive dividend increases [3] - The current quarterly dividend is $0.29 per share, reflecting a dividend yield of 4.67% [3]

Core Points - Smithfield Foods has partnered with Feed the Children to host Resource Rallies aimed at addressing food insecurity among local families and children returning to school [1][2] - The initiative includes a $100,000 donation and the provision of thousands of pounds of protein, such as ham and bacon, to support families in need [3][7] - The first Resource Rally took place in Cudahy, Wisconsin, with additional events planned in Milan, Missouri, and Clinton, North Carolina, each expected to assist approximately 400 families [2][6] Company Initiatives - Smithfield's hunger relief program, Helping Hungry Homes, has provided hundreds of millions of servings of protein across all 50 U.S. states since 2008, with over 25 million servings valued at nearly $28 million donated in 2024 alone [7] - The company is on track to donate an additional 200 million servings of protein by the end of 2025, highlighting its commitment to combating food insecurity [7] Community Impact - Each participating family at the Resource Rallies receives a 25-pound box of food and a 15-pound box of personal care items, along with school supplies for children [4][6] - The collaboration between Smithfield Foods and Feed the Children marks its second year, addressing the serious issue of childhood hunger, particularly during the back-to-school season [6][10]