US meat processor Smithfield Foods has reported a massive rise in second-quarter profit, helped by strong performances in its beef and pork operations. The company posted earnings of US$36.2m, 33 cents a share, for the second quarter to 26 October, versus net income of $4.1m, or 4 cents a share, a year earlier. US meat processor Smithfield Foods has reported a massive rise in second-quarter profit, helped by strong performances in its beef and pork operations. The company posted earnings of US$36.2m, 33 cents a share, for the second quarter to 26 October, versus net income of $4.1m, or 4 cents a share, a year earlier.