US pork producer Smithfield Foods has said it expects higher first-quarter earnings due to a rise in hog prices.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The Smithfield, Virginia-based company forecast earnings of between 18 and 21 cents per share for the quarter to 27 July, compared to 11 cents per share a year earlier.

The company said improved hog production results would be substantially offset by continuing weak margins on fresh pork as a result of increased live hog prices and the seasonal impact associated with pork operations in summer months.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now