Smithfield Foods, Inc., an American food company and an industry leader in value-added packaged meats and fresh pork, today announced that it has been added to the Russell 1000 Index, a key benchmark for large-cap U.

Key Takeaways Smithfield Foods shares rose Monday after it was announced that the pork producer has been added to the Russell 1000 Index.The change went into effect after the bell Friday, as Smithfield's January IPO gave it a large enough market capitalization to be included.

Smithfield Foods ( NASDAQ: SFD) is on watch after the company announced that it has been added to the Russell 1000 Index. The inclusion became effective after the market close on March 21, as part of the quarterly addition of eligible initial public offerings to the Russell Indexes.