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

June 2026

Better Pork Magazine

Farms.com Swine News

Canadian Meat Council Welcomes Food Security Strategy

Thursday, June 18, 2026

The Canadian Meat Council (CMC) has welcomed the federal government’s newly announced National Food Security Strategy, highlighting its support for measures designed to strengthen Canada’s domestic food processing sector. At the same time, the organization has expressed concerns about... Read this article online

Wild boar eradication efforts continue across Alberta

Thursday, June 18, 2026

Province reports nearly 600 animals removed since 2018 Alberta’s Wild Boar Control Program says efforts to eradicate invasive wild boar from the province are continuing to advance, with nearly 600 animals removed since 2018. In an update shared through the Alberta Invasive Species... 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