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News and analysis on the global poultry
and animal feed industries.
on September 21, 2009

Hog producer against ethanol

Smithfield connects hog production profit decline to grain competition

Smithfield Foods CEO C. Larry Pope compared ethanol usage to “burning the carpet in your house to stay warm in the winter,” while speaking at a conference, according to reports.

Smithfield Foods, whose revenues exceeded $12 billion in fiscal 2009, has seen profits from hog production decline. Pope attributes this to competition for grain resources, a commodity also used by ethanol.

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