USA - Smithfield reports losses, plans to trim hog supply

The nation's biggest hog farmer and pork processor said it is reducing the size of its own sow herd by another 3% after cutting the number of breeding females by 10% in fiscal 2009.
Thursday 18 June 2009 (8 years 8 months 4 days ago)
The nation's biggest hog farmer and pork processor said it is reducing the size of its own sow herd by another 3% after cutting the number of breeding females by 10% in fiscal 2009.

Smithfield Chief Executive and President Larry Pope said in a conference call with analysts that the rest of the hog industry needs to reduce production by 10% to raise prices above production costs, which have swelled in recent years amid the rising cost of grain to feed livestock.

http://www.usagnet.com/story-national.php?Id=1298&yr=2009

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