Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
    
   
   
   
   

Agricultural News


Smithfield Foods Announces Sale of Texhoma Hog Production Operations

Sun, 30 Jan 2011 5:38:06 CST

Smithfield Foods Announces Sale of Texhoma Hog Production Operations Smithfield Foods, Inc. announced Friday that it completed the sale of its hog production operations located in Texhoma, Oklahoma to Prestage Farms, Inc. Specific terms of the transaction were not disclosed.


The Texhoma operations house 20,000 sows and contain 71,000 nursery and 172,000 finishing spaces.


"Although vertical integration continues to be a key point of difference for Smithfield, these farms do not supply any of the company's pork processing plants," said C. Larry Pope, president and chief executive officer.


"The sale of these operations demonstrates our continuing commitment to shed non-core businesses with a greater focus on
return on invested capital. This divestiture is another example of how we have altered our strategy to deliver better returns to
our shareholders," he concluded.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Cash Grain Report for Monday, August 3, 2020  Mon, 03 Aug 2020 17:58:54 CDT
  • USDA Crop Progress Report Shows Crops Speeding Towards Maturity On Schedule And In Great Shape  Mon, 03 Aug 2020 16:26:07 CDT
  • Monday, August 3, 2020 Market Wrap-Up with Justin Lewis  Mon, 03 Aug 2020 15:00:07 CDT
  • OSU Homecoming 2020 will not be Hosted Due to the COVID-19 Pandemic  Mon, 03 Aug 2020 13:03:50 CDT
  • Oklahoma Cattlemen to Host RHAA Sanctioned Ranch Horse Competition, Saturday, Aug. 22  Mon, 03 Aug 2020 12:59:49 CDT
  • OSU Extension hosting Beef Quality Assurance Certification Meetings in August  Mon, 03 Aug 2020 11:41:49 CDT
  • Noble Research Teams Receive OCAST Grants  Mon, 03 Aug 2020 11:38:49 CDT
  • Dr. Derrell Peel on Beef Demand and Macroeconomics  Mon, 03 Aug 2020 09:18:49 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.