date:May 15, 2014
s of more than 7 million hogs throughout 30 US states, Smithfields hog production operating profit increased to $9.5 million. Hog production volumes will be lower due to PEDv, pushing hog and pork prices higher. The combination of lower corn costs and higher hog prices will generate very strong hog production margins, Pope said.
The International segment led profit gains at $36.9 million, up by 158 percent.
Smithfields Packaged Meats segment sales declined to $1,548.5 million, down 9 percent f