Farms.com Home  › News

Chinese-owned pork producer Smithfield prepares for US listing

Smithfield Foods' Chinese owner WH Group is working with banks to take the US-based pork producer public again in the United States, Reuters reported, citing a Wall Street Journal article.

Smithfield could list its shares as early as next year, the WSJ reported, adding that the deliberations are ongoing and the timing could change.

"The company regularly evaluates relisting Smithfield's stock in the US, but there is no time-table for it," WH Group said in an emailed statement to Reuters.

Smithfield did not immediately respond to a Reuters request for comment.

WH Group acquired Smithfield in 2013 in a $4.7-billion deal, aimed at tapping the massive supplies of US meat for export to China.

Click here to see more...

Trending Video

1,100 Pigs Just Got Delivered

Video: 1,100 Pigs Just Got Delivered



1,100 pigs showed up today, and every empty pen in this barn is full by dark. The semi backs in, the chute drops, and it's all hands sorting pigs down the aisles until the whole barn is wall to wall. And that's only half the day. The other delivery is a brand new CAT 275 skid steer, and Tork gets to drive it off the flatbed first. New pigs, new iron, and a barn that goes from empty and washed to full and loud in one afternoon. This is what a big day on a pig farm looks like.