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Howard Johnson Express Inn-Smithfield Hotel
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Recent News
Smithfield Foods sees profit in 3Q, tops forecasts (AP via Yahoo! News)
Smithfield Foods Inc., the nation's largest hog producer and pork processor, reported a profit on Thursday for its third quarter after more than a year of losses.
At a Glance: Smithfield Foods 3Q results (AP via Yahoo! News)
Weak demand has hurt Smithfield Foods for some time, and the company cut production during its third quarter, which further hurt sales. But the company says trends are improving, and it saw gains in some areas.
Summary Box: Smithfield Foods 3Q results (AP via Yahoo! News)
RECOVERY: Smithfield Foods Inc., the nation's largest hog producer and pork processor, reported a profit in its third quarter after more than a year of losses.
On the call: Larry Pope CEO Smithfield Foods (AP via Yahoo! News)
When Smithfield Foods Inc. reported its third-quarter results Thursday, it said it has seen pork prices rising in the past month. As prices come up, meat companies are likely to pass those increases along to retailers, especially as they emerge from several down years.