UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 1)*


                              Smithfield Foods, Inc
                                (Name of Issuer)

                                     Common
                         (Title of Class of Securities)

                                    832248108
                                 (CUSIP Number)

                                  June 30, 2007
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                                PAGE 1 OF 4 PAGES

________________________________________________________________________________
 1     NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

       NWQ Investment Management Company, LLC     47-0875103
________________________________________________________________________________
 2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*        (a) [_]
                                                                (b) [_]
________________________________________________________________________________
 3     SEC USE ONLY

_______________________________________________________________________________
 4     CITIZENSHIP OR PLACE OF ORGANIZATION

       Delaware - U.S.A.
________________________________________________________________________________
                     5      SOLE VOTING POWER

                            648,925
      NUMBER OF      ___________________________________________________________
        SHARES       6      SHARED VOTING POWER
     BENEFICIALLY
       OWNED BY             0
         EACH        ___________________________________________________________
      REPORTING      7      SOLE DISPOSITIVE POWER
       PERSON
         WITH               1,061,500
                     ___________________________________________________________
                     8      SHARED DISPOSITIVE POWER

                            0
________________________________________________________________________________
 9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
          1,061,500
________________________________________________________________________________
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
       N/A
________________________________________________________________________________
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
       0.79%
________________________________________________________________________________
12     TYPE OF REPORTING PERSON*
       IA
________________________________________________________________________________
NOTE:
NWQ Investment Management Company LLC ("NWQ") previously reported beneficial
ownership positions for securities that were subject to voting and investment
discretion exercised by NWQ and Tradewinds Global Investors LLC ("Tradewinds"),
an affiliate. Tradewinds was formed as a legal entity in the fourth quarter of
2005 and commenced operation in 2006. Since that time, the two firms worked to
achieve operational separation of their investment management and proxy voting
functions, which separation was completed as of June 30, 2007. Accordingly, this
filing is being made to report NWQ's beneficial ownership of the Issuer's
securities independently from that of Tradewinds.

Both NWQ and Tradewinds are wholly owned subsidiaries of Nuveen Investments,
Inc. ("Nuveen"), a parent company with several subsidiaries engaged in the
investment management business. Nuveen has adopted internal operating policies
to ensure that investment management and voting decisions are made independently
by investment personnel at its investment management subsidiaries. Accordingly,
hereafter NWQ and Tradewinds (like Nuveen's other investment management
subsidiaries) anticipate independently reporting beneficial ownership of
securities pursuant to Section 13(d) of the Exchange Act of 1934, as amended,
and Regulation 13D/G thereunder.

                               Page 2 of 4 pages


              Item 1(a) Name of Issuer:
                       Smithfield Foods Inc

              Item 1(b) Address of Issuer's Principal Executive Offices:
                        200 Commerce Street
                        Smithfield, VA 23430
                        United States

              Item 2(a) Name of Person Filing:
                        NWQ Investment Management Company, LLC

              Item 2(b) Address of the Principal Office or, if none, Residence:
                        2049 Century Park East, 16th Floor
                        Los Angeles, CA  90067

              Item 2(c) Citizenship:
                        Delaware - U.S.A.

              Item 2(d) Title of Class of Securities:
                        Common

              Item 2(e) CUSIP Number:
                        832248108

              Item 3    If the Statement is being filed pursuant to Rule
                        13d-1(b), or 13d-2(b), check whether the person filing
                        is a:

                        (e) [X]  An investment advisor in accordance with
                                 section 240.13d-1(b)(1)(ii)(E)

  Item 4    Ownership:
            (a) Amount Beneficially Owned:
                1,061,500
            (b) Percent of Class:
                0.79%
            (c)  Number of shares as to which such person has:

             (i)  sole power to vote or direct the vote:
                   648,925
             (ii) shared power to vote or direct the vote:
                   0
             (iii) sole power to dispose or to direct the disposition of:
                   1,061,500
             (iv)  shared power to dispose or to direct the disposition of:
                   0
  Item 5    Ownership of Five Percent or Less of a Class:
            If this statement is being filed to report the fact that
            as of the date hereof the reporting person has ceased to
            be the beneficial owner of more than five percent of the
            class of securities, check the following [X].


                               Page 3 OF 4 Pages


  Item 6    Ownership of More than Five Percent on Behalf of Another Person:

            Not applicable.

  Item 7    Identification and Classification of the Subsidiary Which Acquired
            the Security Being Reported on By the Parent Holding Company:
            Not applicable.

  Item 8    Identification and Classification of Members of the Group:
            Not applicable.

  Item 9    Notice of Dissolution of a Group:
            Not applicable.

  Item 10   Certification:
            By signing below I certify that, to the best of my and belief,
            the securities referred to above were acquired and are held in the
            ordinary course of business and were not acquired and are not
            held for the purpose of or with the effect of changing or
            influencing the control of the issuer of such securities and
            were not acquired in connection with or as a participant in any
            transaction having such purpose or effect.

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Dated: July 6, 2007

                                 NWQ Investment Management Company, LLC
                                 By:   /S/ Jon D. Bosse
                                 -------------------------------------
                                 Name: Jon D. Bosse, CFA
                                 Title: Chief Investment Officer
PAGE 4 OF 4 PAGES