Smithfield Foods (SFD) CEO Larry Pope calls on Congress to pass a bill lowering the U.S....

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

Smithfield Foods (SFD) CEO Larry Pope calls on Congress to pass a bill lowering the U.S. government's Renewable Fuels Standard, which requires a certain volume of ethanol - 15.2B gallons in 2012, mainly derived from corn - be blended into gasoline. Corn prices have hit record highs, but the program is "aggravating the problem and adding to the crisis," Pope says. (also)