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Inventories (Tables)
12 Months Ended
Dec. 31, 2013
Inventories  
Summary of inventories

 

 

 

 

December 31,

 

(Thousands of dollars)

 

2013

 

2012

 

At lower of LIFO cost or market:

 

 

 

 

 

Live hogs and materials

 

$

207,310

 

$

258,638

 

Fresh pork and materials

 

33,485

 

31,495

 

 

 

240,795

 

290,133

 

LIFO adjustment

 

(62,236

)

(90,730

)

Total inventories at lower of LIFO cost or market

 

178,559

 

199,403

 

At lower of FIFO cost or market:

 

 

 

 

 

Grains, oilseeds and other commodities

 

299,229

 

317,573

 

Sugar produced and in process

 

53,325

 

65,986

 

Other

 

74,289

 

73,606

 

Total inventories at lower of FIFO cost or market

 

426,843

 

457,165

 

Grain, flour and feed at lower of weighted average cost or market

 

93,596

 

100,296

 

 Total inventories

 

$

698,998

 

$

756,864