Dive Brief:

• Meat processor Smithfield Foods said its net income skyrocketed to $105.3 million in the most-recent quarter, nearly six times higher than the $18.2 million seen a year earlier. 
• Sales rose 3% across the company to $3.4 billion. 
• The company also announced plans to open 20 Smithfield-branded retail outlets in China this year. 

Dive Insight:

These are truly great numbers from Smithfield this quarter. And they show that the appetite for pork, particularly in China, shows no sign of abating.

But the problem with pork isn't demand, it's supply. Many industry lookers -- like the investing community that balked at parent company WH Group's planned IPO last month -- remain concerned about the state of the global pork supply.