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Smithfield profits jump in fourth quarter

Smithfield Foods Inc. (SFD) said Thursday its fiscal fourth-quarter profit rose sharply, helped by a favorable comparison to year-earlier results that were battered by depressed pork margins and lower live-hog prices resulting from oversupply in the U.S.

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Smithfield Foods Inc. (SFD) said Thursday its fiscal fourth-quarter profit rose sharply, helped by a favorable comparison to year-earlier results that were battered by depressed pork margins and lower live-hog prices resulting from oversupply in the U.S.

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