date:May 16, 2014
ny to pass along higher hog prices. The strategic merger with WH Group yielded synergies with exports up double-digits on significantly higher volumes to China, among other markets. The company processed 1 per cent fewer hogs.
Packaged Meats
Packaged meats operating margins grew to 8 per cent, despite a considerable increase in raw material costs. Volume declined 9 per cent mainly due to notably lower ham volumes because of the later timing of Easter. However, bacon and sausage volumes improve