Based on US pork production declining after a record-breaking 2020, pork prices and domestic availability for pork resulted in lower demand at the end of 2022, although still strong when considering five-year averages.
With a family-owned tradition dating back to 1941, Land O’Frost Inc., based in Lansing, Ill., has steadily grown as a respected processor of retail-based sliced lunch meats over the years.
Pilgrim’s said it was at a 66¢ loss per share, down from $36.46 million in the same period a year ago. Losses, adjusted for one-time gains costs, were 49¢ per share.