New Horizon is a farrow-to-finish swine operation based in Pipestone, Minn. It will now operate as Hord Farms West and maintain its current pork operations.
The legislation stated that it would clarify the definition of beef and pork for labeling purposes by requiring alternative proteins to display the word “imitation” on their packaging.
Despite a drop in revenue, net earnings were $971 million, or $2.10 per share on the common stock, compared with $712 million, or $1.55 per share, in the previous year’s third quarter.