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Posted by
Two Blokes Jul 24 -
Filed in
Stock
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The company aims to increase its packaged meat products, a segment that generates a higher operating margin since this segment sells premium products. Since 2024, the lean hog spot price has increased, while the corn and soybean spot prices have declined, suggesting that the Hog Production Segment will improve its profit margin. Smithfield has reduced the operations of its Hog Production Segment, a division that has reported significant operating losses between 2022 and 2024.
