Chinese pork producer goes hog-wild for trade deal, says cbeddor:
Chinese pork producer WH Group reported on April 29 that its attributable profit, before so-called biological fair-value adjustments, declined 21 percent year-on-year to $196 million in the quarter ending March 31.
The profit figure was $348 million after the adjustments, a 58 percent increase from a year earlier. The group, which owns the U.S.-based Smithfield Foods, said average hog prices had decreased in both China and the United States.
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