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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.

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Pork Commentary: Smithfield Foods Sale a Real Game Changer

2013-06-04 02:00:00| ThePigSite - Industry News

US - Smithfield Foods has agreed to a $4.7 billion takeover by China’s Shuanghui International, writes Jim Long.

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How will Smithfield Foods Sale Impact US Pork Industry?

2013-06-04 02:00:00| ThePigSite - Industry News

US - It was quite a shock, first due to its enormity and second due to its surprise. When the largest company, by far, in any industry sells, it is news. When it sells to a foreign company, it is big news. When the company is from China, it is really big news. And when word of the transaction is successfully kept under wraps, it qualifies as shocking. All of those descriptions apply to last week’s news that Smithfield Foods will be purchased by Henan Shuanghui of China, writes Steve Meyer in this week's "Market Preview" featured in National Hog Farmer magazine.

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How will Smithfield Foods Sale Impact the U.S. Pork Industry?

2013-06-03 21:41:00| National Hog Farmer

By Steve Meyer, Paragon Economics, Inc., Adel, IA It was quite a shock, first due to its enormity and second due to its surprise. When the largest company, by far, in any industry sells, it is news. When it sells to a foreign company, it is big news. When the company is from China, it is really big news. And when word of the transaction is successfully kept under wraps, it qualifies as shocking. All of those descriptions apply to last weeks news that Smithfield Foods will be purchased by Henan Shuanghui of China. read more

Tags: sale industry impact foods