Goldsboro Milling Company has decided to cease all of it hog production operations in the next year or so. The decision is expected to impact about 150 contract farms in the Maxwell Foods system as the phased approach shutters those operations by mid-2021. Goldsboro Milling is the parent company of Maxwell Foods. According to a statement from the company, the continued low prices for the product and the effects of the COVID-19 pandemic have made the current and projected financial losses unsustainable for the company to continue operating.
In the joint statement, the North Carolina Pork Council says Maxwell Foods and its network of farmers have been a vital part of Eastern North Carolina. The Pork Council adds it is optimistic sustainable options will be found for the roughly 150 contract farms in the Maxwell Food system.