Citing feed ingredient costs, Butterball LLC, Raleigh, N.C., said it will eliminate 265 more jobs at its Longmont, Colo., plant and cease turkey slaughtering operations there. The move follows a June announcement that cut 143 plant positions, effective this past Monday. In a conference call with investors, C. Larry Pope, president and CEO for Butterball parent, Smithfield Foods Inc., said the commodity grain market is "staggering to us on a daily basis."
Butterball eyes more cutbacks
August 29, 2008