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Pork producer Smithfield Foods says its net income fell 36 percent in the first quarter as it experienced higher costs of raising hogs and a decline in exports to Japan, China and Russia.
Smithfield Foods says it is on track to end the practice of keeping female hogs in small metal crates while pregnant at its U.S. facilities by 2017.
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U.S. lawmakers are set to weigh in on Smithfield Foods' pending takeover by China's largest meat producer.
Tags: China takeover
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