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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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Recall against Alberta ag minister likely to fail

Thursday, February 12, 2026

The recall against Alberta’s minister of agriculture is likely to fail. With only nine days remaining to collect signatures, organizers in Minister RJ Sigurdson’s riding of Highwood have only secured 807 of the 15,788 (5.1 per cent) signatures required to recall the minister, according to... Read this article online

Possible measles exposure at Manitoba Ag Days

Wednesday, February 11, 2026

Health officials in Manitoba are asking anyone who attended Ag Days in Brandon and the surrounding area to monitor symptoms of measles. “Possible exposures may have occurred in the city on the event days, on the days leading up to it and the days following it…,” Manitoba Health said in a... Read this article online

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