Pork News & Analysis
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Smithfield Foods (SFD) Expects Q3 2026 Fresh Pork Operating Loss
Smithfield Foods, Inc. (NASDAQ: SFD) anticipates an adjusted operating loss in its Fresh Pork business for Q3 2026, following a decline in the USDA pork cutout and industry processing spreads. The company also expects lower operating profit from its Hog Production sector, marking a deterioration from previous earnings forecasts. In August, Smithfield had already revised its full-year 2026 adjusted operating-profit outlook to between $1.23 billion and $1.38 billion. This information is significant for investors as it indicates ongoing pressures on profitability and potential uncertainty in future earnings for Smithfield Foods.
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Swine Fever Impact on Spain's Pork Farmers: Prices Drop by €30 to €40
The African Swine Fever (ASF) outbreak in Spain has caused a decrease in pork prices, with each pig losing €30 to €40 in value, according to Jordi Saltiveri, a prominent pig farmer. The outbreak, confirmed in late November, led to a swift government response that included closing affected areas and culling local wild boars, estimated between 120,000 and 180,000 in the region. Authorities have already culled 24,000 boars this year to control the disease spread. As Spain's pig farmers grapple with significant losses, the ongoing situation may affect pork supply and international trade.
Read More: Swine Fever Impact on Spain's Pork Farmers: Prices Drop by €30 to €40