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Better Pork Featured Articles

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


Worldwide hog production shrinks and Smithfield rocks

Sunday, February 6, 2011

Only last June, a troubled Smithfield Foods Inc., based in Virginia, was denying published reports from Brazil that it was going to sell its pork production to JBS, the Brazilian meat packing giant that had already purchased Smithfield's beef operations.

What a difference a few months make for the self-described world's largest pork processor and hog producer. While worldwide hog production shrank two per cent, Smithfield reported record high earnings in the quarter ending Oct. 31.

Smithfield made money on both pig raising and processing. Live hog market prices rose 54 per cent to $56 per hundredweight from $36. Cutout prices rose more. "Smithfield is performing at record levels and we are focused on continuing to deliver strong earnings in the second half of fiscal 2011. All indications are that fiscal 2011 will be a record year for the company," said C. Larry Pope, president and chief executive officer, in a December press release.

Published reports indicate that Smithfield managed to pay down half of a US$1 billion debt in bonds that were due in 2011. The other half may not be as easy, since recently the U.S. government renewed an ethanol subsidy that keeps grain prices high. BP

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B.C. ranch auction starts with $4.29 million opening bid

Thursday, February 19, 2026

A ranch larger than the city of Prince George, B.C. and its roughly 78,000 acres is up for auction. CLHbid.com is auctioning the Jura Ranch and its 83,698 total acres (2,625 deeded + 81,073 leased) in May with a starting bid of $4.29 million. “The ranch offers rich soil that is high in... Read this article online

New scholarship supports young B.C. ag leaders

Thursday, February 19, 2026

A B.C. ag organization has launched a scholarship to support the next generation of farmers and leaders. The BC Agriculture Council’s (BCAC) new BC Young Farmers Scholarship is for residents between the ages of 19 and 40 and enrolled in a post-secondary agriculture program. Statistics... Read this article online

Ag in federal NDP leadership candidate plans

Wednesday, February 18, 2026

The federal NDP will elect its next leader next month at the Winnipeg Convention. Before that, though, the five candidates vying for the leadership will participate in their final leadership debate in B.C. on Feb. 19. With that at top of mind, here’s how the leadership hopefuls and... Read this article online

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