Can you taste the tears in your McRib? The supplier of pork products to McDonald’s, Smithfield Farms, just got hit by a complaint filed with the SEC by animal rights group Humane Society of the United States (HSUS). Citing their own shocking undercover investigative video, HSUS allege that Smithfield is making false and misleading claims to shareholders and consumers about how well they treat their pigs and that those claims are in violation of federal securities law. [More]
Smithfield, the world’s biggest pork processor, will close 6 plants and lay off 1,800. I know saying that every little thing is a sign of the apocalypse is a horrible cliche, but I know something about the topic, and when you can’t make money selling bacon we’re all in trouble. [Bloomberg]
- The largest U.S. pork supplier, Virginia-based Smithfield Foods, said yesterday that it will require its producers to phase out the practice of keeping pregnant pigs in “gestation crates” — metal and concrete cages that animal welfare advocates consider one of the most inhumane features of large-scale factory farming.