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

June 2025

Better Pork Magazine

Farms.com Swine News

Best Remote Security Systems for Farms Without WiFi

Tuesday, July 8, 2025

In rural areas where WiFi connectivity is scarce, farmers often rely on cellular-based security systems to monitor their remote buildings and equipment. In this article, we explore the top five remote security systems that operate over cellular networks, highlighting their pros, cons, and... 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 This material may not be published, broadcast, rewritten or redistributed.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