October 4, 2024

Smithfield's hog production now lower by about 20% following reduction of farm operations in US

Smithfield Foods has reduced its hog production by about 20% by cutting farm operations in multiple US states, the world's largest pork processor said on September 27.

The company did not immediately respond to a Reuters request for comment on over what period of time the production had fallen 20%.

Earlier this year, the Virginia, US-based firm announced the separation of its European operations as it plans to list in the United States, but it has not revealed a timeline yet.

"Smithfield's footprint has changed significantly as it has streamlined and optimised operations to focus on the North American market," the company said in a statement on greenhouse gas reporting. It has reduced farm operations in Missouri, Utah, Arizona, California, and the East Coast, it added.

Last year, Smithfield, owned by Hong Kong's WH Group, said it would end contracts with 26 farms in Utah, permanently close 35 farm sites in Missouri, and close a processing plant in North Carolina.

- Reuters