Smithfield Cash Bids in Ohio
Last updated: Apr 24, 2025 5:49am MT
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Today's Smithfield Cash Bids in Ohio − April 24, 2025
#2 Yellow Soybeans
- Apr–May: $10.36, Oct: $9.82
#2 Yellow Soybeans
Up-to-Date list of #2 Yellow Soybeans prices in Smithfield locations:
| Location | Delivery | Cash Price |
|---|---|---|
| Morral Compare prices | April 2025 | $10.36 |
| May 2025 | $10.36 | |
| October 2025 | $9.82 |
More about #2 Yellow Soybeans
#2 Yellow Soybeans are a commonly traded commodity in the agricultural markets. Their classification as #2 grade indicates a high-quality standard with minimal defects, foreign material, and damage. Known for their yellow hue, they are a versatile crop that plays a crucial role in the production of soybean oil, tofu, and other soy-based products. Additionally, they enhance soil fertility and reduce the need for synthetic fertilizers.
About Smithfield
Smithfield Grain, a subsidiary of Smithfield Foods, Inc., plays a pivotal role in the agricultural supply chain by sourcing approximately 150 million bushels of corn, soybeans, wheat, and sorghum annually. This grain is essential for feeding the hogs raised by Smithfield's contract growers across the United States. By purchasing grain from over 5,000 U.S. farmers, Smithfield Grain not only supports local agriculture but also ensures a steady supply of feed for its operations. The company's mission centers on collaborating directly with grain farmers, offering them multiple avenues to market their grain efficiently and at fair prices. This approach allows farmers to concentrate on their core farming activities while benefiting from Smithfield Grain's extensive network and resources. With operations spanning various communities in the U.S., Smithfield Grain contributes to the livelihoods of nearly 35,000 employees and partners with 1,900 family-owned farms, all working together to produce "Good food. Responsibly®."
Emphasizing the importance of local sourcing, Smithfield Grain is committed to building strong relationships with farmers in all its operating regions. By leveraging the financial strength and scope of Smithfield Foods, the company aims to support farmers, especially during challenging economic cycles characterized by low commodity prices and declining incomes. Smithfield Grain believes that its growth directly correlates with increased grain demand, and by partnering with farmers, it seeks to enhance yields and efficiency, ultimately boosting the income of farmers in the communities where it operates.
Smithfield Locations in Ohio
- Morral 116 West Neff St., Rte. 231, Morral, Marion County, 43337 OH Phone number: 419-731-3950