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Smithfield Foods' 4Q profit falls 63 percent

2013-06-14 18:03:58| Food - Topix.net

Pork producer Smithfield Foods Inc. 's profit sank nearly 63 percent in the fourth quarter as feed costs rose even as consumers resist price hikes, hog prices fell and its exports to China and Russia declined.

Tags: percent falls profit foods

 

Smithfield Embodies China's Record Hunger for Farms: Commodities

2013-06-12 12:53:58| Food - Topix.net

On a sunny March afternoon, 11 Chinese executives armed with digital cameras and iPads got out of a van on Brazil's highway BR-163 to photograph soybean-loaded trucks headed to export terminals in the south.

Tags: record farms hunger commodities

 
 

Smithfield Sale, PED Virus Jangles Producers’ Nerves at Expo

2013-06-12 02:00:00| ThePigSite - Industry News

US - The two hottest topics at the 25th Anniversary World Pork Expo last week were the sale of Smithfield Foods to Shuanghui, Ltd., and the potential impact of porcine epidemic diarrhea (PED) virus. The level of concern about both was high, writes Steve Meyer in his latest "Market Preview" as published in National Hog Farmer magazine.

Tags: sale virus producers expo

 

Smithfield Sale, PED Virus Jangles Producers Nerves at Expo

2013-06-10 21:40:00| National Hog Farmer

By Steve Meyer, Paragon Economics, Inc., Adel, IA The two hottest topics at the 25th Anniversary World Pork Expo last week were the sale of Smithfield Foods to Shuanghui, Ltd., and the potential impact of porcine epidemic diarrhea (PED) virus. The level of concern about both was high. read more

Tags: sale virus producers expo

 

Smithfield Investor Charged with Insider Trading

2013-06-10 02:00:00| ThePigSite - Industry News

US - The Securities and Exchange Commission has taken out an emergency court order to freeze the assets of a trader in Bangkok, Thailand, who made more than $3 million in profits by trading in advance of last week's announcement that Smithfield Foods agreed to a multi-billion dollar acquisition by China-based Shuanghui International Holdings.

Tags: trading charged investor insider

 

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