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

New award for Alberta's ag community

Wednesday, February 25, 2026

An Alberta ag industry group is developing its own award to celebrate farmers who go above and beyond for their communities. Social media posts on Feb. 21 from Alberta Grains indicate the organization is creating what it calls the Alberta Grains Community Impact Awards. “Alberta Grains... Read this article online

B.C. government helping farmers invest in tech

Wednesday, February 25, 2026

The application window is open for B.C. farmers to apply for support related to investing in on-farm technology. The B.C. government is accepting submissions for the B.C. On-Farm Technology Adoption Program until April 6. The $2.5 million collaboration between the provincial and... Read this article online

Ag and immigration tied together in the Constitution

Tuesday, February 24, 2026

A section of the Constitution declaring agriculture and immigration fall under provincial jurisdiction clears the path for the fall referendum, Alberta Premier Danielle Smith said. Speaking with reporters on Feb. 23 Smith pointed out Section 95 of the Constitution. This part of the... Read this article online

Wilson Farms Sponsors Ontario Four 2026

Tuesday, February 24, 2026

Wilson Farms Grain has been announced as the Supreme Champion Sponsor of the Ontario Four Horse Hitch Series for the 2026 season. This partnership connects one of Eastern Ontario’s leading grainlogisticsenterprises with one of the province’s most respected draft horse competitions. Known... 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