Smithfield Labor Unrest

Smithfield (SFD) may be experiencing a labor protest on Friday Sep 29 outside of their New York Offices according to union sources familiar with the situation. Smithfield owns the worlds largest pork processing plant in Tar Heel South Carolina. The plant is experiencing labor dissatisfaction. Regardless of the legitimacy of the claims the company cannot afford major disruptions. Meat has a short shelve life. Institutional Shareholder Services reports Smithfield Foods Inc.'s Corporate Governance Quotient (CGQ) as of 1-Sep-06 is better than 19.6% of S&P 400 companies and 68.1% of Food Beverage & Tobacco companies.