Smithfield Foods announces sale of Texas hog production facility

Smithfield Foods, Inc. announced today that it completed the sale of its hog production facility located in Dalhart, Texas to Cargill, Inc. for approximately $33 million.

"The sale of this hog production facility is a further extension of our strategy to reduce exposure to commodity businesses and shed non-core assets," said C. Larry Pope, president and chief executive officer.

The Dalhart facility was previously depopulated in August 2009 as part of the company's sow herd reduction initiative.