Sales for the second quarter of fiscal 2013 were $3.2 billion, down 3%, as higher volumes in all segments were more than offset by lower meat and live hog prices.
Sales for the second quarter of fiscal 2012 were $3.3 billion, up 10%, resulting from higher average unit selling prices and volumes in the Pork segment.
Smithfield Foods Inc. confirmed that the company and Pedro Ballve are currently evaluating a joint de-listing takeover bid to acquire the remaining approximate 50 percent of Campofrio Food Group, S.A. for €9.5 per share.
Smithfield Foods Inc., John Morrell Inc. and Patrick Cudahy Inc. announced are donating $50,000 to the Cudahy, Wis., Fire Department in appreciation of the work by the city's firefighters in battling the fire at the Patrick Cudahy plant in 2009.
