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Smithfield Foods, Inc. Message Board

  • investor0329 investor0329 Dec 13, 2001 3:45 PM Flag

    decided to

    sell this pig which I recently purchased. 5 down days in a row.

    I shudda know to avoid this one when I saw the word 'merger' in some of its recent new. Merger related issues are the kiss of death when buying a stock...as are mention of warrants.

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    • With live hog prices now down by nearly 30% versus the same time last year (and now apparently below breakeven), what further price decline (in addition to the 10% since 12/4) will occur in SFD share price in the next 30-60 days?

      • 1 Reply to evalu8_yes
      • Evalu8, thanks for the post. Where do you find current hog prices? The Dept of Ag. monthly report for November stated: "Larger than previously expected pork production and the weakening economy have pressured hog prices into the mid-$30s in November after averaging in the low-$40s in October.". However, if I look at future prices, I have not seen prices below mid-40's. Am I mixing apples and oranges? Incidentally, in CC, SFD said they were almost fully hedged through end of calendar year, if I heard correctly.

 

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