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    Yasmin Daswani • Bank of America

    Yasmin Daswani's questions to Smithfield Foods Inc (SFD) leadership

    Yasmin Daswani's questions to Smithfield Foods Inc (SFD) leadership • Q1 2025

    Question

    Yasmin Daswani from Bank of America asked about the impact of continued compression in Fresh Pork processing spreads on the segment's expected profitability for the second quarter.

    Answer

    CFO Mark Hall acknowledged that seasonal spread compression is expected in Q2 and Q3. However, he and Donovan Owens, President of Fresh Pork, emphasized that the company is less bound by industry spreads due to significant efficiency gains from automation and a focus on a better cost structure. Owens added that the current outlook for Fresh Pork profitability already factors in this dynamic and that they are optimistic about their cost structure's ability to mitigate the impact.

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    Yasmin Daswani's questions to Lamb Weston Holdings Inc (LW) leadership

    Yasmin Daswani's questions to Lamb Weston Holdings Inc (LW) leadership • Q3 2025

    Question

    Yasmin Daswani from Bank of America inquired about the drivers for reduced potato acreage in the Columbia Basin and the potential bottom-line impact of lower potato prices.

    Answer

    CEO Mike Smith attributed the acreage reduction to a combination of soft market demand and high finished goods inventory levels, which reduced the need for raw potatoes. He noted it was too early to determine the net P&L impact of lower potato prices, as customer negotiations have not yet begun and other input costs remain inflationary.

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