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Smithfield Foods Reduces Hog Footprint in Deal with Murphy Family Ventures

Smithfield Foods, the world's biggest pork processor, said on Monday it will sell 150,000 female pigs to Murphy Family Ventures.

The deal will further reduce the number of hogs owned by Smithfield as it prepares for a U.S. listing.

Murphy will become one of the largest independent pork producers in the U.S., with the capacity to produce approximately 3.2 million hogs annually for Smithfield's fresh pork operation, Smithfield said in a statement.

Murphy will assume ownership of 150,000 sows — and the market hogs...

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