SMITHFIELD, Va., Sept. 29, 2012 (GLOBE NEWSWIRE) -- Contrary to recent media reports, there is no bacon shortage, at least not at Smithfield Foods, Inc. (NYSE:SFD). Thanks to our company farms and national network of family farm partnerships, we are happy and proud to continue delivering high-quality, flavorful bacon and bacon products to our retail and foodservice customers. Regardless of global economic drivers, our customers will continue to have access to the Smithfield Foods products they love, including our Smithfield, Farmland, Gwaltney and John Morrell bacon brands.
And, while there isn't an immediate shortage of bacon, this commitment will remain steadfast, even though we expect a lower supply of pork in 2013. While the current U.S. supply of pork is adequate, strong global demand for pork could put additional pressure on domestic supply. Meanwhile, the high grain prices that were caused by the summer's drought and the continuing ethanol policy will continue to be a financial hardship for domestic hog farmers and likely will cause many of them to cut production.
Notwithstanding these challenges, and those to come, Smithfield Foods' commitment to deliver high-quality wholesome bacon and bacon products will continue unabated. Our customers can count on it.
About Smithfield Foods
Smithfield Foods is a $13 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Smithfield®, Eckrich®, Farmland®, Armour®, Cook's®, Gwaltney®, John Morrell®, Kretschmar®, Curly's®, Carando®, Margherita®, and Healthy Ones®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental, and food safety and quality programs. For more information, visit www.smithfieldfoods.com and www.smithfieldcommitments.com.
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