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Smithfield Foods' 4Q profit falls 63 percent

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RICHMOND, Va. (AP) — Pork producer Smithfield Foods Inc.'s profit sank nearly 63 percent in the fourth quarter as feed costs rose and its exports to China and Russia declined. The Smithfield, Va.-based company, whose brands include Armour, Farmland and its namesake, said Friday it earned $29.7 million, or 21 cents per share, for the period that ended April 28. That's down from $79.5 million, or...

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