Premium Iowa Pork submits highest bid for Hylife

Deal expected to be finalized this week.

Krissa Welshans, Livestock Editor

June 5, 2023

1 Min Read
younger hogs on a farm
Scott Olson, Getty Images

Premium Iowa Pork submitted the highest bid of $13 million for the Hylife Foods pork plant in Windom, Minn., during the planned bankruptcy auction held last week. Premium Iowa Pork, based in Hospers, Iowa, and Premium Minnesota Pork, located in Luvern, Minn., together produce a majority of the 3% of crate-free, antibiotic-free pork in the U.S.

While a company spokesperson confirmed the sale on Friday to the Minneapolis Star Tribune, the deal was not expected to be finalized until this week.

The Star Tribune also reported Friday that Premium Iowa Pork does not plan to retain the 1,000-plus employees that had previously worked at the plant. Approximately half of the employees are here in the U.S. on H-2B visas and will have to leave within 10 days of their employment ending at HyLife.

Meanwhile, the Star Tribune reported that a federal judge had approved an agreement between Hylife and South Dakota- based AgriSwine Alliance for the sale of 20,000 finisher hogs at a price $60.00/head, or $1.3 million. The company was reportedly already raising the hogs and was the sole bidder.

About the Author(s)

Krissa Welshans

Livestock Editor

Krissa Welshans grew up on a crop farm and cow-calf operation in Marlette, Michigan. Welshans earned a bachelor’s degree in animal science from Michigan State University and master’s degree in public policy from New England College. She and her husband Brock run a show cattle operation in Henrietta, Texas, where they reside with their son, Wynn.

Subscribe to Our Newsletters
National Hog Farmer is the source for hog production, management and market news

You May Also Like