Smithfield Foods $SFD, the largest pork producer in the United States, reported stronger-than-expected first-quarter sales and earnings as its pork segment showed signs of recovery after last year’s slump in operating profits. The Virginia-based company, owned by China's WH Group, has been actively restructuring its operations to combat ongoing pressures from an oversupplied U.S. pork market and persistently low commodity prices.

One of the latest developments in the financial and investment sector is the news that Muyuan Foods Co., one of the largest pork producers in the world, is contemplating a secondary public offering in Hong Kong. This move could enable the company to raise at least $1 billion. Founded in 1992, Muyuan Foods was listed on the Shenzhen Stock Exchange in 2014. Since its inception, the company has established itself as a significant player in the pig farming industry, continuously adapting to the changing dynamics of the agricultural sector in China.