I’ve long heard in the non-conventional food media about Smithfield Foods. Surely, I’ve eaten a lot of their food products and, if you eat pork, chances are pretty high that you have too. So I wanted to learn more about Smithfield and do some of my own research. Here’s what I learned.
Who is Smithfield Foods?
Smithfield Foods began as a pork processing operation called The Smithfield Packing Company, founded in 1936 by Joseph W. Luter and his son, Joseph W. Luter, Jr. After a long series of acquisitions beginning in the early 1980’s Smithfield grew to become the largest pork processor and hog producer in the world. At the end of 2010 Smithfield sold its turkey operations and a 49% interest in Butterball. Earlier in 2010 Smithfield sold its live cattle operations. Currently, nearly 100% of Smithfield’s sales are derived from the sale of pig-related products. Packaged meat is sold domestically under the Smithfield, Farmland, Healthy Ones, John Morrell, Margherita and many other brand names.
Smithfield is responsible for ~25% of total pork produciton in the U.S. Tyson is responsible for 17% of U.S. pork volume and three other companies (Swift, Cargill & Hormel) account for an additional 27%, making the top five producers responsible for 70% of U.S. pork production.
Interesting production statistics in the recent fiscal year
- Smithfield processed 27.3 million hogs with an average yield of 230 pounds per hog
- This totaled 6.3 billion pounds of marketable pork product
- Smithfield raised