The company is a subsidiary of Marfrig Global Foods in Brazil.

WholeStone Farms LLC will supply pork raw materials to Hormel as part of the deal.

The elevator is scheduled to open in time for the 2018 harvest.

The two operations in Kansas and Texas consist of 2,100 acres of land with a 97,000 head capacity.

Acquisitions and economic changes led headlines for the month.

Yorkshire Valley Farms reported annual sales of C$65 million.

The five companies reported combined 2017 net sales of $3.2 billion.

Bloomberg reported that an acquisition deal could be valued at more than $3 billion.

The chain includes more than 100 locations in the United States and Canada.

The assets belonged to Cericola Farms.