Smithfield Foods (SFD)

Brazil’s farmers have long benefited from both the ability to produce 2-3 crops per year and relatively low land conversion costs. Technological improvements have fostered higher yields that have improved its cost profile further (BZ…

Overall domestic consumer demand has been broadly weak, but meat has fared better due to diet changes. Recently, there are even indications meat demand is slowing in response to torrid price gains, as well as…

Smithfield posted strong Q1 results ahead of both HJR and consensus estimates (16%/6% ahead of HJR EPS/EBITDA). It demonstrated very strong improvement in its relative performance in its Fresh Pork and Hog Production segments. The…

Following more than a decade’s absence from the public markets, Smithfield Foods was IPO’d by its Chinese parent, WH Group, early this year. We followed Smithfield for many years prior to the acquisition by WH…