What is the future of Smithfield Foods?

Smithfield Foods' future focuses on transforming into a leaner,, consumer-packaged goods company by aggressively reducing internal hog production, diversifying protein offerings, and growing its higher-margin branded products like bacon and sausage. The company is aiming to cut internal hog production to roughly 30% of its needs by 2025 to mitigate commodity price volatility.

Is Smithfield Foods a good buy?

Smithfield Foods, Inc. currently has an average brokerage recommendation (ABR) of 1.42 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by six brokerage firms.

Who bought out Smithfield Foods?

Smithfield's Chinese Ownership, Explained

But in 2013, WH Group, formerly known as Shuanghui International Holding Limited, one of China's largest meat producers, purchased Smithfield outright for $4.7 billion.

Is Smithfield Foods profitable?

The result represents a 22.8% increase from the net income of $202 million in the same period of the previous year and marks the best third quarter in the company's history. On an adjusted basis, net income was $230 million, equivalent to $0.58 per share, up from $0.53 per share in the same quarter of 2024.

Will Smithfield Foods be affected by tariffs?

Tariff Strategy Forces a Pivot for Smithfield Foods. 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 the company to pivot its business.

DxE Protests Smithfield Foods - System Update with Glenn Greenwald Bonus

Where will Smithfield meat market move to?

On December 3, 2025, Albert Island at the Royal Docks was announced as the new preferred site to co-locate Smithfield and Billingsgate Markets. These markets will become known as New Smithfield and New Billingsgate Markets.

How much does the CEO of Smithfield Foods make?

SEC filings show Smithfield Foods CEO made $14.9 million in 2024.

Why is the Smithfield meat market closing?

While many are concerned for traders and the loss of the market's unique sights, sounds and smells, the corporation's decision – blamed on rising costs – is just the latest step in the decades' long transformation of the wider Smithfield area.

Who is the largest shareholder of Smithfield Foods?

As of April 2025, WH Group, a publicly listed entity on the Hong Kong Stock Exchange (HKEX: 0288.HK), maintains substantial control over Smithfield Foods. WH Group beneficially owns nearly 93% of Smithfield Foods' outstanding shares, solidifying its position as the primary Smithfield Foods owner.

Is Smithfield Foods a good company?

Smithfield Foods has an employee rating of 3.1 out of 5 stars, based on 1,273 company reviews on Glassdoor which indicates that most employees have a good working experience there.

How much is Joe Luter's net worth?

Joseph W. Luter III of Smithfield and Washington, $75 million.

What brands fall under Smithfield Foods?

The company has sold its products under several brand names, including Cook's, Eckrich, Gwaltney, John Morrell, Krakus, and Smithfield. Shane Smith has been the president and chief executive officer of Smithfield Foods since July 2021.

Who is the owner of WH Group?

Wan Long (Chinese: 万隆; born 1940) is a Chinese billionaire businessman, the chairman and CEO of WH Group, the world's largest pork company, with subsidiaries including Smithfield Foods in the US.

Does China buy pork from the US?

Large Chinese producers and smaller hog farmers raise 97% of the pork to feed their population, but they look to the European Union, the United States, and Canada to round out the remaining 3%. Approximately 1% of their imports come from the U.S. – equaling roughly 496 thousand metric tons worth $1.1 billion.

What is Smithfield Foods worth?

Smithfield Foods net worth as of January 20, 2026 is $9.22B.

How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding.

What is the future of the Smithfield market?

The markets will continue at Smithfield and Billingsgate until at least 2028, giving time for Traders to plan and smoothly transition to new sites, subject to the Bill being passed. The markets will be known as New Billingsgate and New Smithfield respectively once they relocate.

Why is Smithfield Ham closing?

A Smithfield Foods spokeswoman said that the smokehouse had reached the end of its useful life and that the company has plenty of genuine Smithfield hams stockpiled to satisfy immediate demand.

What is the Smithfield Foods bonus?

Smithfield Foods, Inc. has announced it will provide a $100 million Responsibility Bonus to all its hourly production and distribution center team members. The $100 million Responsibility Bonus, named for Smithfield's preeminent guiding principle, is on top of a previous $20 million commitment by the company.

What is Vicki Hollub's salary?

Vicki Hollub made $17,735,019 in total compensation as Director, President and Chief Executive Officer at Occidental Petroleum Corp in 2023.