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Home » Business Printer-Friendly Version E-Mail This Article Published Tuesday, September 19, 2006 SMITHFIELD, VA. Smithfield to Buy Pork Rival Leading pork products maker Smithfield Foods Inc. said Monday it agreed to buy rival Premium Standard Farms Inc. for $674 million in cash and stock. Smithfield Foods is the leading processor and marketer of fresh pork and processed meats in the United States and the largest producer of hogs. Premium Standard Farms is the second-largest pork producer and sixth-largest pork processor. Smithfield recently agreed to acquire most assets of the branded meats business of ConAgra Foods Inc., giving it well-known brands such as Butterball, with its premium turkeys, in time for the holidays