Search
Better Farming OntarioBetter PorkBetter Farming Prairies

Better Pork Featured Articles

Better Pork magazine is published bimonthly. After each edition is published, we share featured articles online.


Smithfield hit by higher hog prices

Thursday, June 10, 2010

Smithfield Food Inc, and the analysts who keep an eye on it, have been caught off guard by the recent leap in hog prices.

Meatingplace.com notes that Smithfield was warning investors before regular meetings that its fourth quarter numbers will be weaker than expected, in spite of changes in the way the company is doing business.

A BMO Capital Markets analyst noted that Smithfield had still made the right decisions by restructuring its hog business and reducing the amount of debt carried on its balance sheet. The world's largest hog producer is expected to do much better in 2011.

Higher raw material costs, meaning hogs, are affecting Smithfield's fresh pork business, while the unexpected run-up in futures has hurt the value of those assets, according to "mark to market" accounting, a system of assigning current market value to financial instruments. BP

Current Issue

December 2025

Better Pork Magazine

Farms.com Swine News

Tips for a home rink in Manitoba

Wednesday, December 3, 2025

Andrew Kippen has multiple roles. He’s the general manager of North Valley Precision Planting supporting Manitoba farmers looking to upgrade their equipment. He’s husband to Teresa, and father to their sons Owen (16) and Mason (14), and daughter Kynsley (11). But come fall and... Read this article online

Interesting Facts About Our Agriculture Industry

Wednesday, December 3, 2025

The province of Newfoundland and Labrador is home to over 300 different farms. Farm Cash Receipts were $163.9 million in 2023, up 9.8% from 2022. The largest crop commodity is Greenhouse and Nursery, accounting for 6.1 per cent of total Farm Cash Receipts. Value of vegetable production... Read this article online

World Soil Day is December 5

Wednesday, December 3, 2025

World Soil Day (December 5) shines a spotlight on the foundation of agriculture—soil. Every December 5, World Soil Day (WSD) calls attention to one of the most overlooked resources on Earth: soil. It’s the backbone of agriculture, ecosystems, and food security. We know it is a silly... Read this article online

BF logo

It's farming. And it's better.

 

a Farms.com Company

Subscriptions

Subscriber inquiries, change of address, or USA and international orders, please email: subscriptions@betterfarming.com or call 888-248-4893 x 281.


Article Ideas & Media Releases

Have a story idea or media release? If you want coverage of an ag issue, trend, or company news, please email us.

Follow us on Social Media

 

Sign up to a Farms.com Newsletter

 

DisclaimerPrivacy Policy2025 ©AgMedia Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back To Top