Iran War Pushing Up Fuel Bill for Pork Giant -- WSJ

Dow Jones04-29 02:14

By Patrick Thomas

Shares of bacon and ham seller Smithfield Foods tumbled about 8% after the company said surging diesel prices from the war in Iran are driving up its costs to truck hogs to processing plants and pork to grocery stores.

"The recent CPI data showed a meaningful move in energy, which certainly matters for us," Smithfield's packaged meats president Steve France said on an investor call. The Virginia company is trying to cut costs, improve productivity and raise prices-Smithfield said its average sales price rose 2.6% for the three months that ended March 29.

Despite rising costs, the company said consumers have continued to buy pork. Smithfield posted higher quarterly sales and a $246 million profit, better than Wall Street analysts expected. The stock is up more than 30% over the past 12 months.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

April 28, 2026 14:14 ET (18:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2631587152?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-29 02:14","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2631587152","market":"sg","top_or_hot":-1,"title":"Iran War Pushing Up Fuel Bill for Pork Giant -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Patrick Thomas \n</p>\n<p>\n     Shares of bacon and ham seller <a href=\"https://laohu8.com/S/SFD\">Smithfield Foods</a> tumbled about 8% after the company said surging diesel prices from the war in Iran are driving up its costs to truck hogs to processing plants and pork to grocery stores. \n</p>\n<p>\n     \"The recent CPI data showed a meaningful move in energy, which certainly matters for us,\" Smithfield's packaged meats president Steve France said on an investor call. The Virginia company is trying to cut costs, improve productivity and raise prices-Smithfield said its average sales price rose 2.6% for the three months that ended March 29. \n</p>\n<p>\n     Despite rising costs, the company said consumers have continued to buy pork. Smithfield posted higher quarterly sales and a $246 million profit, better than Wall Street analysts expected. The stock is up more than 30% over the past 12 months. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2026 14:14 ET (18:14 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Iran War Pushing Up Fuel Bill for Pork Giant -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIran War Pushing Up Fuel Bill for Pork Giant -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-29 02:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Patrick Thomas \n</p>\n<p>\n     Shares of bacon and ham seller <a href=\"https://laohu8.com/S/SFD\">Smithfield Foods</a> tumbled about 8% after the company said surging diesel prices from the war in Iran are driving up its costs to truck hogs to processing plants and pork to grocery stores. \n</p>\n<p>\n     \"The recent CPI data showed a meaningful move in energy, which certainly matters for us,\" Smithfield's packaged meats president Steve France said on an investor call. The Virginia company is trying to cut costs, improve productivity and raise prices-Smithfield said its average sales price rose 2.6% for the three months that ended March 29. \n</p>\n<p>\n     Despite rising costs, the company said consumers have continued to buy pork. Smithfield posted higher quarterly sales and a $246 million profit, better than Wall Street analysts expected. The stock is up more than 30% over the past 12 months. \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 28, 2026 14:14 ET (18:14 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4212","symbol_name":"包装食品与肉类","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2631587152","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2631587152","pubTimestamp":1777400040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of bacon and ham seller Smithfield Foods tumbled about 8% after the company said surging diesel prices from the war in Iran are driving up its costs to truck hogs to processing plants and pork to grocery stores.\"The recent CPI data showed a meaningful move in energy, which certainly matters for us,\" Smithfield's packaged meats president Steve France said on an investor call. The Virginia company is trying to cut costs, improve productivity and raise prices-Smithfield said its average sales price rose 2.6% for the three months that ended March 29.Despite rising costs, the company said consumers have continued to buy pork. Smithfield posted higher quarterly sales and a $246 million profit, better than Wall Street analysts expected. The stock is up more than 30% over the past 12 months.This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL .","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4212":"包装食品与肉类","SFD":"Smithfield Foods Inc."},"translate_title":"伊朗战争推高猪肉巨头的燃料费用——华尔街日报","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SFD":0.9},"content_text":"By Patrick Thomas \n\n\n     Shares of bacon and ham seller Smithfield Foods tumbled about 8% after the company said surging diesel prices from the war in Iran are driving up its costs to truck hogs to processing plants and pork to grocery stores. \n\n\n     \"The recent CPI data showed a meaningful move in energy, which certainly matters for us,\" Smithfield's packaged meats president Steve France said on an investor call. The Virginia company is trying to cut costs, improve productivity and raise prices-Smithfield said its average sales price rose 2.6% for the three months that ended March 29. \n\n\n     Despite rising costs, the company said consumers have continued to buy pork. Smithfield posted higher quarterly sales and a $246 million profit, better than Wall Street analysts expected. The stock is up more than 30% over the past 12 months. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  April 28, 2026 14:14 ET (18:14 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2631587152","isCrawlerRequest":true}