Tyson Foods Inc. said it will make $8 million worth of upgrades to its pork processing plant in Storm Lake in 2014, a spokeman confirmed for Meatingplace.
The investment will add some new pork-processing equipment to the facility.
"It’s not a plant expansion and will not add jobs; however, it is expected to improve the efficiency of our operations," Gary Mickelson said in an emailed statement.
The project is scheduled for completion by mid-year 2014.
Hog futures decline
Chicago Mercantile Exchange hog futures last week fell to an eight-month low, pressured by fund selling and weaker cash hog prices, traders said.
The U.S. Department of Agriculture (USDA) on Dec. 5 quoted the closely watched Iowa/Minnesota hog...