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January 3, 2013
08:39 EDTSFDSmithfield Foods transitioned 38% of pregnant sows to group housing
Smithfield Foods announced that at the end of 2012 it had successfully transitioned 38% of pregnant sows on its company-owned farms in the U.S. from individual gestation stalls to group housing systems. In the latest update, the company reported that it remains on track to finish its conversion to group housing on all company-owned farms in the U.S. by 2017. In 2007, Smithfield made a business decision to convert to group housing for pregnant sows on all company-owned U.S. farms based on input from its customers. In addition, Smithfield said that its international hog production operations also will complete their conversions from gestation stalls to group housing on company-owned farms by 2022. Smithfield's hog production operations in Poland and Romania completed their conversions to group housing facilities on company-owned farms a number of years ago. In addition, the company's Granjas Carroll de México and Norson joint ventures in Mexico are committed to phasing out gestation stalls on company-owned farms by 2022.
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May 15, 2013
10:13 EDTSFDOn The Fly: Analyst Downgrade Summary
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06:25 EDTSFDSmithfield Foods downgraded to Hold from Buy at BB&T
BB&T downgraded Smithfield Foods due to valuation.
May 10, 2013
12:11 EDTSFDU.S. red meat, poultry production seen higher than year ago
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