Smithfield Foods Faces Fresh Pork Losses as Hog Prices and Cutout Values Collapse

Smithfield Foods Faces Fresh Pork Losses as Hog Prices and Cutout Values Collapse

Smithfield Foods warned of a $70-90 million adjusted operating loss in fresh pork for Q3 2026 due to collapsing pork cutout values and lower hog prices. The update compounds an earlier full-year outlook cut amid cautious consumer spending. Packaged meats remain steady, highlighting the company's shift toward branded products. (48 words)