Smithfield Foods Q4 Earnings Call Highlights

Hog Production: Hall said adjusted operating profit was $176 million, the highest since 2014, driven by improved commodity markets and operational optimization. Sales rose 13% to $3.4 billion despite a 23% (about 3.4 million head) reduction in hogs produced as part of a rationalization strategy; the company cited higher external sales to new joint venture partners, including sales of grain, feed and services, plus the initial transfer of commercial hog inventories. The average market hog sales price was up ...