Smithfield sells hog farm to Prestage Farms

  Last Updated: Saturday 29th of January 2011 07:18:00 AM +0800HKT

Smithfield Foods Inc., the world's largest pork processor and hog producer, said Friday that it completed the sale of its Texhoma, Okla., hog production operations to Prestage Farms Inc. for an undisclosed amount.

Smithfield said in a statement that the farms do not supply any of the company's pork processing plants. The sale is part of its commitment to sell non-core businesses.

Shares of Smithfield added 21 cents, or 1 percent, to $20.19 in extended trading. During the regular session, the stock shed 69 cents, or 3.3 percent, to close at $19.98.


( Add Your Comments Below )

User Comments


    This article hasn't been commented yet.



Add Your Comment


  1. Arrow



Browse News by Region:

North America South America Africa Australia Europe Asia
Most Popular



Recent Comments