Smithfield Foods (SFD +0.4%) will begin importing corn from Brazil, a move that reflects how...

|About: Smithfield Foods Inc. (SFD)|By:, SA News Editor

Smithfield Foods (SFD +0.4%) will begin importing corn from Brazil, a move that reflects how surging costs for U.S. feed grains are rippling through the livestock and meat industry. Tyson Foods (TSN) declines comment on whether it is doing the same. As U.S. corn futures have rallied to ~$354/metric ton due to hot, dry weather, corn at Brazilian ports is said to be going for ~$290.