
Despite the recent setback, Smithfield CEO Larry Pope said cheaper feed-grain costs, strong pork exports and heightened consumer marketing for its packaged meats should benefit the company over the next 12 months. "We expect profitability to improve as we move through the summer months and into the fall when margins are traditionally very good," Pope said in a statement. Smithfield now down 25% since Jan. 1, while the S&P 500 is up 5%.
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