Smithfield Foods does not plan to close more U.S. pork processing plants, Chief Executive Shane Smith said on Tuesday, as the company returned to a U.S. exchange after more than a decade in a spinoff by Hong Kong-based WH Group .

KEY TAKEAWAYS Smithfield Foods stock edged lower in its trading debut Tuesday after the U.S. pork giant priced shares below their marketed range.On Monday, Smithfield and Chinese owner WH Group priced a total of nearly 26.

Smithfield Foods ( NASDAQ: SFD) opened for trading at $21.05 before settling back to $20.18 at 12:50 p.m. The early trading values the food processing giant at just over $8.0 billion.

The offering has been priced at $20 per share, not the $23 to $27 range suggested by the meat giant last week.