Smithfield sells hog farm to Prestage Farms
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.