Smithfield cuts Q3 outlook: Fresh Pork loss $70-90M, Hog Production profit $25-45M

SMITHFIELD FOODS INC

Fresh Pork Q3 adjusted operating loss now expected $70M-$90M on USDA cutout decline.
Hog Production Q3 adjusted operating profit lowered to $25M-$45M on lower hog prices.
Packaged Meats FY2026 adjusted operating income reaffirmed at $1,075M-$1,150M.
Total company Q3 adjusted operating income expected $115M-$175M; FY guidance to come.
CEO cites commodity market dynamics; says balance sheet strong for long-term growth.

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