Smithfield Foods reports 3% rise in Q3 profit
date:Mar 12, 2013
r of key product categories including bacon, dinner sausage, deli meats, dry sausage and ham steaks, Pope said.

Fresh Pork operating margins were at 4%, or $7 per head, but declined from the previous year. However, larger industry pork supplies pushed the USDA pork cutout down 5%, while live hog prices dropped 2%.

Operating profits of packaged meats rose by 7% to $125.9m, driven by a combination of market share improvements and distribution gains attributable to greater investment in marketing
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