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Articles tagged under: Smithfield Foods

Collaboration Key to Smithfield Advancements

Published June 30, 2026

Smithfield Foods is moving forward with what will become the largest capital investment in South Dakota's history. Jim Monroe, director of corporate affairs for Smithfield Foods, says the company's longstanding relationships with farmers, employees, and state leaders played a key…
Latest NewsCrops

Tax Incentives Approved for Smithfield Project

Published June 13, 2026

South Dakota is backing what officials call the largest private investment in state history. The State Board of Economic Development has approved nearly $30 million in sales tax rebates for Smithfield. The company is moving forward with a new $1.29…
Latest NewsLivestock

Record Q1 for Smithfield Foods

Published April 28, 2026

Smithfield Foods reported operating profits of $333 million in the first quarter, up 3.4 percent from the same quarter in 2025. Net sales totaled $3.8 billion, up less than one percent from a year ago. "We delivered record first-quarter results…
Latest NewsAg Business

Smithfield Plans to Build New Processing Plant in Sioux Falls

Published February 16, 2026

A new state-of-the-art pork processing plant is coming to Sioux Falls. Smithfield Foods is estimating the project's investment at $1.3 billion over the next three years. Pending regulatory approvals and permitting, the groundbreaking will happen in the first half of…
Top StoriesLatest NewsAg BusinessLivestock

Hot Dog! Smithfield Acquires Nathan’s Famous

Published January 22, 2026

Smithfield Foods has agreed to purchase the Nathan’s Famous hot dog brand for $450 million. Smithfield already had an exclusive license to manufacture, distribute, market and sell Nathan’s products through retail outlets, but that agreement is scheduled to expire in…
Latest NewsAg Business

Smithfield Releases 3Q Financials

Published October 28, 2025

Smithfield Foods is reporting net sales of $3.7 billion for the third quarter, up more than 12 percent from the same quarter last year. The company said its bottom-line was supported by its vertical integration strategy with its hog production…
Latest NewsAg BusinessLivestock

Smithfield-Maxwell Settle Lawsuit

Published June 11, 2025

Smithfield Foods and Maxwell Foods have reached a settlement in a legal dispute over a hog supply contract. The case was settled as it was scheduled to go to trial. A 25-year supply contract went south during the COVID pandemic,…
Latest NewsAg BusinessLivestock

Tariff Strategy Forces a Pivot for Smithfield Foods

Published April 30, 2025

Due to the trade war, the world’s #1 pork buyer is no longer a destination for U.S. pork. With tariffs of 145 percent, Smithfield Foods CEO Shane Smith said China is not a viable market. Smith said that has forced…
Latest NewsAg BusinessLivestock

Annual Revenues Up for Smithfield Foods

Published March 25, 2025

Smithfield Foods finished its fiscal year with adjusted earnings of $1 billion. That’s up from $258 million in Fiscal Year 2023. Profits increased in its three business segments: hog production, fresh pork and packaged meats.
Latest NewsAg BusinessLivestock

Smithfield Foods Reducing Hog Ownership

Published December 3, 2024

Smithfield Foods and Murphy Family Ventures have signed an agreement, giving the Murphy family ownership of 150,000 sows now owned by Smithfield in North Carolina. As part of the arrangement, Smithfield will provide production services, including feed and transportation. Smithfield…
Latest NewsAg BusinessLivestock
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