J M Smucker Rises; Jif Production to Resume at Kentucky Plant

J.M. Smucker gains as much as 1.9% on Monday after the company said late Friday afternoon in New York that it plans to resume manufacturing Jif peanut butter products at its Lexington, Kentucky, facility “immediately.”

• It’s among the best-performing equities in the S&P 500 Index on Monday as US stocks broadly tumble
• In May, the company announced a voluntary recall of select Jif products manufactured at the Lexington plant and sold primarily in the US due to potential salmonella contamination
  • NOTE: May 21, J. M. Smucker Recalls Some Jif Peanut Butter Products (1)
• Company also confirmed its full-year fiscal year ...