1016 ET - The largest U.S pork processor reaffirmed its full year financial outlook for 2025 despite American pork industry exports to China being nearly cut off due to President Trump's trade war with China. Smithfield reported first-quarter earnings and sale numbers ahead of Wall Street analyst expectations. The company said on a call with analysts that its been preparing for the possibility of a trade war and that only 3% of its total sales for the quarter that ended March 30. The company says it now exports to over 30 countries. The company has been focused on cutting costs. It has restructured some of its hog-producing operations and laid off employees. (patrick.thomas@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 10:16 ET (14:16 GMT)
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