Shares in Smithfield Foods tumbled by more than 12% yesterday (27 April) amid fears in the market over the impact of the swine flu scare on the meat processing sector.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Smithfield shares dropped 12.4% to US$9.04 by the close of trading and led a number of fallers among US meat firms.


Tyson Foods saw its shares fall 8.9% to $9.96, while Hormel Foods’ stock dipped 2.1% to $29.99.


According to data on the Chicago Mercantile Exchange, hog futures also fell as investors grew anxious that the ongoing swine flu outbreak could hit demand for pork products.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

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