Smithfield Foods' (NASDAQ: SFD) stock price is rocketing higher and on track to keep moving, as the high-quality, deep-value company is firing on all cylinders amid tailwinds.
The tailwinds include increased demand and pricing for pork products, underpinned by export growth and high beef prices. Estimates vary, but pork demand is expected to remain strong this year, leading to a 2% average price increase per unit as consumers shift away from higher-priced beef.
