South American meat product (3)

I believe the answer is:

ham

I'm a little stuck... Click here to teach me more about this clue!

'meat product' is the definition.
(I know that ham is a type of cold cut)

'south american' is the wordplay.
'HAM' is hidden in amongst the letters.
However, I'm unsure how this is indicated.

Can you help me to learn more?

(Other definitions for ham that I've seen before include "Meat for excessive actor" , "Meat from a pig" , "Bad actor; Noah son" , "one rescued from flood" , "Poor person acting" .)

I've seen this clue in the Evening Standard.

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