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.


Pork exports contribute to Smithfield's profit comeback

Tuesday, May 31, 2011

Smithfield Foods Inc., based in Virginia, cites pork exports to Canada, along with other countries, as contributing to quarterly earnings that far exceeded expectations.

In the quarter ending in January, Smithfield, the world's largest pork producer, exported 24 per cent of its production. According to published reports, chief executive Larry Pope credited double digit increases in sales to Japan, China Korea and Canada. As a result, Smithfield revenue rose 10 per cent to $3.19 billion, above the $3.16 billion average analyst forecast. The hog production unit still lost money, but it was only $2.3 million compared to $78.3 million a year before as higher hog prices made up for expensive feed.

Across the industry, Pope said when announcing the company's financial situation, "supply and demand are in balance."

Smithfield said it reduced its debt by $913 million by January, bringing its total debt level to $2.1 billion.  BP

Current Issue

December 2025

Better Pork Magazine

Farms.com Swine News

Saskatchewan Pulse Research Gets Major Boost

Saturday, January 17, 2026

Saskatchewan Pulse Growers has announced major new funding to support pulse crop research across the province. Through co-funding with Saskatchewan’s Agriculture Development Fund, more than four million dollars will be invested in research that strengthens the pulse industry and supports... Read this article online

Ag community wanted for cover crop survey

Saturday, January 17, 2026

Researchers from Manitoba and Ontario are looking for members of ag communities from Alberta to Ontario to participate in a questionnaire about cover crops. The confidential survey is open to any farm type and size whether the operation has ever grown cover crops. “We don’t just want... Read this article online

Elyce Simpson Fraser Wins Pulse Promoter Award

Friday, January 16, 2026

Saskatchewan Pulse Growers has named Elyce Simpson Fraser as the recipient of the 2025 Pulse Promoter Award. She is being recognized for her strong leadership in expanding value-added pulse processing and for her ongoing efforts to promote Saskatchewan pulses within local... Read this article online

SARM Welcomes Pause on Livestock Traceability Rules

Friday, January 16, 2026

The Saskatchewan Association of Rural Municipalities has welcomed the federal government’s decision to pause the publication of proposed livestock traceability regulations. The organization says the pause isan important steptoward developing a system that works for cattle producers and rural... Read this article online

RFA Supports Canadas Clean Fuel Regulations Update

Friday, January 16, 2026

The Renewable Fuels Association has shared its comments with Environment and Climate Change Canada in support of Canada’s Clean Fuel Regulations. The organization also offered its views onpossible changesthat could strengthen the program while keeping its main goal of reducing greenhouse gas... 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