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.


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

Current Issue

February 2026

Better Pork Magazine

Farms.com Swine News

Nutrien Names Chris Reynolds Global Sales Leader

Wednesday, February 4, 2026

Nutrien Ltd has announced the appointment of Chris Reynolds as Executive Vice President Global Sales. The newly created role is designed to bring unified leadership across the company’s wholesale and retail sales organizations and improve how value is delivered to customers around the... Read this article online

Canadian Olympic ties to ag

Wednesday, February 4, 2026

During the Winter Olympics in Milan and Cortina, Italy, about 3,000 athletes from 90 countries will test their mettle against one another in the quest for gold medals. In Canada’s case, multiple athletes and representatives have connections to agriculture. With that at top of mind,... Read this article online

Growing Home with BASF Opens 2026 Nominations

Wednesday, February 4, 2026

After strong community engagement in 2025, BASF Agricultural Solutions Canada is inviting Canadians to take part once again as nominations open for the 2026 Growing Home with BASF program. Now entering its fourth year, the initiative continues to support organizations that play an... 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 Policy2026 ©AgMedia Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back To Top