Smithfield Foods has reduced its hog production output by 20% over a two-year period, citing several strategic changes within its operations. The reductions were primarily due to the closure of the Farmer John facility in Vernon, California, along with the shutdown of various farm operations—specifically 37 farms in Missouri, 26 in Utah, and additional locations in Arizona and California.
Smithfield emphasized that the decision was part of broader efforts to optimize its hog production business, stating, “We have pursued other strategic decisions to improve and optimize our hog production business unit.” The company also noted that it continues to source a significant portion of its hogs from external suppliers.
In addition to the reduction in hog production, Smithfield is also making other significant business moves, including a proposed initial public offering on the New York Stock Exchange and the separation of its North American and European divisions. Smithfield was acquired by Chinese food conglomerate WH Group in 2013.
