SMITHFIELD, Va., Sept 24, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- As a vertically integrated pork company, Smithfield Foods (NYSE: SFD) owns or controls by contract a large share of the animals it processes in the United States. Vertical integration provides an unparalleled level of traceability and food safety for Smithfield's customers and consumers. The company also has robust procurement programs based on independent swine producers that supply high quality, market ready pigs. This unique supply network enables Smithfield to offer its customers safe pork labeled as born, raised and processed in the USA in compliance with the soon to be effective Mandatory Country of Origin Labeling (mCOOL) program.
Given this system in place, effective April 2009 Smithfield currently intends to procure only hogs born and raised in the U.S. for processing at its U.S. fresh meat facilities and will label fresh pork for retail as born, raised and processed in the USA. Smithfield expects that any independent producer who wishes to be a valued supplier of live animals to Smithfield will work with the company between now and the end of March to create a fully documented and transparent supply of hogs born and raised in the USA.
With sales of $11 billion, Smithfield Foods is the leading processor and marketer of fresh pork and packaged meats in the United States, as well as the largest producer of hogs. For more information, visit http://www.smithfieldfoods.com.
SOURCE Smithfield Foods
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