Smithfield Foods reduces hog footprint in deal with Murphy Family Ventures

DNLYX Fund  USD 66.47  0.01  0.01%   
Slightly above 55% of Dreyfus Active's investor base is interested to short. The analysis of overall sentiment of trading Dreyfus Active Midcap mutual fund suggests that many investors are impartial at this time. Dreyfus Active's investing sentiment can be driven by a variety of factors including economic data, Dreyfus Active's earnings reports, geopolitical events, and overall market trends.
  
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 Smithfields fresh pork operation, Smithfield said in a statement. Murphy will assume ownership of 150,000 sows and the market hogs they produce that are currently owned by Smithfield, while Smithfield will provide production, feed and transportation services, the statement said.

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