Jefferies Raises Estimates On Smithfield Foods

According to Jefferies, Smithfield Foods SFD estimates are raised. Jefferies said that lower levels of domestic availability and strong export demand have quietly pushed both live hog and pork prices to all-time highs. “We are raising our estimates to reflect the improved hog production and pork processing margins that have come with the higher prices.” Smithfield Foods closed yesterday at $20.57.