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Smithfield Foods net plunges on meat glut (Reuters)


| | Smithfield Foods net plunges on meat glut (Reuters)

Smithfield Foods net plunges on meat glut (Reuters)

Piglets are seen in this March 9, 2006 file photo. Hog and pork producer Smithfield Foods Inc. on Thursday posted sharply lower quarterly profit as a glut of meat in the U.S. market cut into pork prices. (Nikolay Doychinov/Reuters)Reuters - Hog and pork producer Smithfield Foods Inc. on Thursday posted a steep decline in quarterly profit as a glut of meat in the U.S. market cut into pork prices, sending its stock down as much as 6 percent.





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