Disease Outbreaks Impacting Livestock Supply: The company faces significant risks from diseases such as African Swine Fever (ASF) or other animal epidemics, which can devastate hog herds, disrupt supply chains, and lead to substantial financial losses and increased commodity prices.

Food Safety and Product Contamination Risks: As a major food producer, Smithfield is exposed to risks of foodborne illnesses, contamination, or mislabeling that could lead to widespread product recalls, regulatory fines, litigation, and severe damage to consumer trust and brand reputation.

Regulatory and Environmental Compliance Challenges: Strict and evolving regulations regarding animal welfare, environmental protection (e.g., wastewater, air emissions), labor practices, and food processing standards require continuous compliance efforts, with non-compliance potentially resulting in costly penalties, operational shutdowns, and public scrutiny.