Premium Standard Farms, Inc
 | | Type | Public (NASDAQ: PORK) | | Founded | 1988 | | Location | Kansas City, Missouri (Corporate)
Princeton, Missouri (Production)
Tarboro, North Carolina (Production)
Dalhart, Texas (Production)
Milan, Missouri (Processing)
Clinton, North Carolina (Processing) | | Key people | John M Meyer, CEO
Stephen A Lightstone, CFO
Robert W Manly, President | | Industry | Agriculture, Food Processing | | Products | Fresh & Frozen Pork, Livestock | | Revenue |
 $927.57 million USD (FY 2005) | | Operating Income |
$127.82 million USD (FY 2005) | | Net Income |
$67.66 million USD (FY 2005) | | Employees | ~4,100 | | Website | Premium Standard Farms, Inc |
Formed in 1988, Premium Standard Farms, Inc (PSF) (NASDAQ: PORK) was founded with the aim of creating a standardized method for which to produce premium pork. To accomplish this goal, the company decided to pursue full vertical integration –the first in the United States to do so. In 1998, ContiGroup Companies, Inc (formerly known as Continental Grain Company) acquired a majority interest in PSF. Today, Premium Standard Farms is the second largest pork producer and the sixth largest processor in the United States with operations in Missouri, North Carolina, and Texas. The company sells fresh and frozen pork products to domestic retailers, further processors, foodservice providers and export customers from more than 20 countries. Image File history File links PremiumStandardFarmsLogo. ...
A public company is a company owned by the public rather than by a relatively few individuals. ...
NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations ) is a U.S. electronic stock exchange. ...
Nickname: City of Fountains or Heart of America Official website: http://www. ...
Princeton is a city in Mercer County, Missouri. ...
Tarboro is a town located in Edgecombe County, North Carolina. ...
Dalhart is a city located in Texas. ...
Milan is a city located in Sullivan County, Missouri. ...
Clinton is a city located in Sampson County, North Carolina. ...
Two halves of a pig being delivered Pork is the meat taken from pigs. ...
Sheep are commonly bred as livestock. ...
Revenue is a US business term for the amount of money that a company can receive from its activities, mostly from sales of products and/or services to customers. ...
Green up arrow for a positive change in revenue from last fiscal year. ...
This article is about general United States currency. ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
EBIT stands for Earnings before Interest and Taxes (operating income). ...
Green up arrow for a positive change in revenue from last fiscal year. ...
This article is about general United States currency. ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ...
Green up arrow for a positive change in revenue from last fiscal year. ...
This article is about general United States currency. ...
2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
Employment is a contract between two parties, one being the employer and the other being the employee. ...
This page as shown in the aol 9. ...
NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations ) is a U.S. electronic stock exchange. ...
Two halves of a pig being delivered Pork is the meat taken from pigs. ...
A company is, in general, any group of persons, which are known as its members, united to pursue a common interest. ...
In microeconomics and strategic management, the term vertical integration describes a style of ownership and control. ...
Drawing of a self-service store. ...
The foodservice (or food service) industry generally encompasses those places, institutions, and companies responsible for any meal eaten away from home. ...
Production The livestock production segment of Premium Standard Farms involves operations in Missouri, North Carolina, and Texas and is located on approximately 100,000 acres (400 km²) in all three states. Its herd size of 221,000 sows can produce about 4.5 million pigs per year; the second largest producer of porcine livestock in the United States. Currently, Smithfield Packing Company holds the number one spot with about 798,000 sows in the United States and abroad. Sheep are commonly bred as livestock. ...
Official language(s) none, English most common Capital Largest city Jefferson City Kansas City Area - Total - Width - Length - % water - Latitude - Longitude Ranked 21st 69,709 sq mi 180,693 km² 240 miles 385 km 300 miles 480 km 1. ...
Official language(s) English Capital Largest city Raleigh Charlotte Area Ranked 28th - Total 53,865 sq. ...
Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area Ranked 2nd - Total 268,581 sq. ...
This article is about the unit of measure known as the acre. ...
The term state may refer to: a sovereign political entity, see state unitary state nation state a non-sovereign political entity, see state (non-sovereign). ...
Categories: Animal stubs | Animal behaviour | Social psychology ...
Species Sus barbatus Sus bucculentus Sus cebifrons Sus celebensis Sus domesticus Sus heureni Sus philippensis Sus salvanius Sus scrofa Sus timoriensis Sus verrucosus Pigs are ungulates native to Eurasia collectively grouped under the genus Sus within the Suidae family. ...
Smithfield Packing Company was founded in 1936 by Joseph W. Luter and his son Joseph W. Luter, Jr. ...
Missouri production operations Based in Princeton, the Missouri production operations employ about 1,250 people across northern Missouri. The company has 63 sow farms and nine grow/finish farms that span Mercer, Putnam, Sullivan, Daviess and Gentry counties. Additionally, local farmers operate finishing farms under contract with PSF. The operations in Missouri account for the bulk of the company’s herd with about 108,000 sows in production. Princeton is a city in Mercer County, Missouri. ...
Official language(s) none, English most common Capital Largest city Jefferson City Kansas City Area - Total - Width - Length - % water - Latitude - Longitude Ranked 21st 69,709 sq mi 180,693 km² 240 miles 385 km 300 miles 480 km 1. ...
Mercer County is a county located in the state of Missouri. ...
Putnam County is a county located in the state of Missouri. ...
Sullivan County is a county located in the state of Missouri. ...
Daviess County is a county located in the state of Missouri. ...
Gentry County is a county located in the state of Missouri. ...
A contract is a promise or an agreement that is enforced or recognized by the law. ...
North Carolina production operations Based in Clinton, the North Carolina production operations employ about 300 people in east-central North Carolina. This operation consists of 20,000 sows in nine company-owned farms, more than 40,000 sows through contract farms, and about 200 independent family operated farms. The company also has several marketing agreements to purchase weaned pigs from independent producers. In all, approximately $46 million dollars is spent annually for local contract production. In total, the company’s production operations in Duplin, Greene, Pitt and Sampson counties account for about 80,000 sows. Clinton is a city located in Sampson County, North Carolina. ...
Official language(s) English Capital Largest city Raleigh Charlotte Area Ranked 28th - Total 53,865 sq. ...
Duplin County is a county located in the state of North Carolina. ...
Greene County is a county located in the state of North Carolina. ...
Pitt County is a county located in the state of North Carolina. ...
Sampson County is a county located in the state of North Carolina. ...
Texas production operations Based in Dalhart, the Texas production operations employ about 300 people in the extreme northwest region of Texas. A sow herd of about 33,000 are produced in Dallam and Hartley counties. Production takes place on a 40,000 acre (160 km²) farm name High Plains Ranch. Additionally, the company purchased the 14,500 acre (59 km²) Perico Farm from National Hog Farms in 1994. Dalhart is a city located in Texas. ...
Official language(s) See: Languages of Texas Capital Austin Largest city Houston Area Ranked 2nd - Total 268,581 sq. ...
Dallam County is a county located in the state of Texas. ...
Hartley County is a county located in the state of Texas. ...
Processing The processing end of Premium Standard Farms consists of two processing facilities - one in Milan, Missouri and the other in Clinton, North Carolina. Both facilities utilize similar methodologies and process over 4.6 million hogs per year. The Missouri plant was built in September of 1994 and was the first facility in the United States to use a CO2 anesthetizing system. More than 950 employees in this 300,000 square foot (28,000 m²) facility process over 7,000 pigs per day. The Milan plant produces fresh and frozen pork products for domestic retailers, further processors, food service providers and export customers from more than 20 countries. Milan is a city located in Sullivan County, Missouri. ...
Clinton is a city located in Sampson County, North Carolina. ...
The word Methodology is used in several ways. ...
The North Carolina plant was purchased by PSF (and parent company Contigroup) from The Lundy Packing Group in August of 2000. After a complete re-tooling of the plant’s cut area, the facility operates with approximately 1,200 people and processes over 9,000 pigs per day. This 800,000 square foot (74,000 m²) facility produces fresh and frozen pork products to domestic and export customers. Additionally, the Clinton plant specializes in producing further processed pork and other ready-to-eat products such as ham and bacon products. Official language(s) English Capital Largest city Raleigh Charlotte Area Ranked 28th - Total 53,865 sq. ...
Formed in 1813, ContiGroup Companies, Inc (CGC) was originally founded by Simon Fribourg in Arlon, Belgium as a grain-trading firm. ...
Template:Other uses Ham with cloves Technically, ham is the thigh and buttock of any animal that is slaughtered for meat, but the term is usually restricted to a cut of pork, the haunch of a pig or boar. ...
Bacon is any of certain cuts of meat taken from the sides, back or belly of a pig, cured and possibly smoked. ...
Brands Brands associated with Premium Standard Farms include Premium Farms, Fresh & Tender, Fresh & Natural, Premium 97 Heart Healthy, and others. Between 5 and 10% of PSF’s pork product is exported to over 20 countries including Japan, China, Singapore, Mexico, Malaysia, the Philippines and Taiwan.
History - 1988 - Premium Standard Farms founded
- 1989 December - First litter of seven gilts and four barrows born on Wiles farm
- 1994 June - PSF acquired National Hog Farms of Texas
- 1994 September - Construction of first processing plant in Milan, Missouri complete
- 1994 September - 80,000 sow units completed in Missouri
- 1996 - Company emerged from restructuring after market volatility
- 1998 May - PSF merged with ContiGroup’s north Missouri swine operation which added 25,000 sows to the company’s herd.
- 1998 December - PSF is the first pork producer to earn Process Verified accreditation from the United States Department of Agriculture
- 2000 August - PSF purchases the Lundy Packing Company and ContiGroup’s Carolina Farms
- 2003 April – PSF and Johnsonville Sausage form Oldham LLC, a joint venture to produce sausage products
Restructuring is the corporate management term for the act of partially dismantling and reorganizing a company for the purpose of making it more efficient and therefore more profitable. ...
The U.S. Department of Agriculture, also called the Agriculture Department, or USDA, is a Cabinet department of the United States Federal Government. ...
Johnsonville Sausage is a Wisconsin-based Sausage producer, founded in 1945 by Ralph F. & Alice Stayer. ...
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