Smithfield cuts full-year outlook on weak pork demand Hog production sales fall 8.2% as consumers trade down11 August 2026 11 August 2026 1 minute read 1 minute read By: By: Global Ag Media North AmericaSmithfield Foods cut its annual total sales and adjusted operating profit forecasts on Tuesday, citing ongoing challenges including cautious consumer spending and higher input costs, reported Reuters. Sales of its Hog Production unit fell 8.2% to $772 million from last year. Smithfield Foods now expects fiscal 2026 sales to be roughly flat, compared with its prior expectations of low-single-digit percentage growth. The company also expects adjusted operating profit between $1.23 billion and $1.38 billion, compared with its prior forecast of $1.33 billion to $1.48 billion. For the three months ended June 28, Smithfield logged sales of $3.7 billion, slightly beating analysts’ estimates of $3.68 billion, according to data compiled by LSEG.