Previous Close | 5.270 |
Open | 5.010 |
Bid | 5.160 x 0 |
Ask | 5.180 x 0 |
Day's Range | 5.000 - 5.350 |
52 Week Range | 3.880 - 5.530 |
Volume | |
Avg. Volume | 21,458,411 |
Market Cap | 66.204B |
Beta (5Y Monthly) | 0.52 |
PE Ratio (TTM) | 13.58 |
EPS (TTM) | 0.380 |
Earnings Date | Apr 23, 2024 - Apr 29, 2024 |
Forward Dividend & Yield | 0.30 (5.69%) |
Ex-Dividend Date | May 14, 2024 |
1y Target Est | 6.10 |
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During the most recent House Committee on Agriculture hearing, lawmakers from both sides of the aisle expressed deep concerns over China’s influence on American agriculture. With China’s ownership of U.S. farmland on the rise, the potential threats to food security and farmers’ competitiveness have become a focal point of discussion. Chairman Glenn Thompson (R-Pennsylvania) highlighted the multifaceted threats posed by China, including intellectual property theft, cybersecurity breaches and the
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply. Smithfield, owned by Hong Kong's WH Group, said it will terminate employees who support its dealings with farms that raise hogs under production contracts. Layoffs may total about 70 employees, or up to one third of the 210 workers in Smithfield's Utah hog production operations.
CHICAGO (Reuters) -Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply. Pork producers have been losing money as pig prices and consumer demand have struggled at a time of high costs for labor and other expenses. Smithfield, owned by Hong Kong's WH Group, said it will terminate employees who support its dealings with farms that raise hogs under production contracts.