| AGDEAL - 3/29/2020 21:28 I'm thinking along the lines of Smithfield. Don't they do Farrow to freezer?
Well, I'm back from digging through boxes in my garage as I found the notebook I was looking for. These notes are a couple years old so the numbers are not current but they are still fairly relevant.
Smithfield
Daily Kill -- 122,300 = 28% of US hog harvest capacity
Owned 907,000 sows = they owned 15% of the hogs in the US at that time. So they were buying roughly 1/2 of the hogs they were killing.
Looking through all of my notes for all of the companies, only Seaboard/Triumph own a higher % of the hogs that they process than Smithfield does. Seaboard/Triumph for all practical purposes raise all of the hogs they process but they're not nearly as big as Smithfield.
So, somewhere well under 50% of the hogs in the US are what I would consider "vertically integrated" (from farrowing crate to plate).
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Smithfield in Sioux falls
