(Reuters) -Smithfield Foods raised its annual operating profit forecast on Tuesday as its hog business rebounded from losses and the biggest U.S. pork processor said it resumed U.S. exports to China that had been crippled by tariffs.

Smithfield Foods posted a rise in second-quarter sales and profit on Tuesday, helped by resilient demand for its packaged meats, including bacon, and fresh pork business. Consumers grappling with rising costs of living and tariff volatilities have increasingly opted to cook meals at home over dining out,