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Smithfield Foods expects to swing to third-quarter operating loss in fresh pork business
Source: reuters.com
Corporate Guidance & OutlookCompany FundamentalsConsumer Demand & RetailCommodities & Raw Materials
Smithfield Foods expects its fresh pork segment to post an adjusted operating loss in Q3, reversing into negative profitability. The outlook reflects persistent pressure from lower hog prices, a narrowing industry market spread, and cautious consumer spending.
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