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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

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Federal Agriculture Minister Visits Farming Smarter

Friday, July 10, 2026

Federal Agriculture and Agri-Food Minister Heath MacDonald toured Farming Smarter's research farm in Lethbridge this week to gain first-hand insight into how collaborative agronomy research is supporting producers and strengthening the agriculture sector. The visit comes ahead of a... Read this article online

Lutz Lube Drive Cuts Workplace Strain

Friday, July 10, 2026

Lutz Pumpen has introduced a mobile grease pump powered by a cordless screwdriver. Their goal is to help farmers, and others who work regularly with grease pumps to reduce ergonomic strain.  Workplace ergonomic strain continues to cost U.S. businesses billions of dollars each year,... Read this article online

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