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What Do You Think About The Smithfield Sale?
2013-06-05 18:58:09| Beef
The intended purchase of Smithfield Foods by China’s largest publicly traded meat processor was big news last week. While Smithfield is huge in the U.S. pork market, controlling 26% of U.S. hog slaughter capacity and 16% of the sow herd, its production amounts to only 1.7% of the Chinese sow herd and 3% of China’s 2012 slaughter.This week’s online poll question is:“What do you think about the Chinese purchase of Smithfield?” Be sure to leave your thoughts in the comments section after voting. Its good. The purchase shows that foreign investors like the U.S. protein market, and it might help U.S. beef get into China. Its bad. I dont like foreign investment in the U.S. protein market. I dont think it matters much. Don't know.
Tags: sale
smithfield
Pork Commentary: Smithfield Foods Sale a Real Game Changer
2013-06-04 02:00:00| ThePigSite - Industry News
US - Smithfield Foods has agreed to a $4.7 billion takeover by China’s Shuanghui International, writes Jim Long.
How will Smithfield Foods Sale Impact US Pork Industry?
2013-06-04 02:00:00| ThePigSite - Industry News
US - It was quite a shock, first due to its enormity and second due to its surprise. When the largest company, by far, in any industry sells, it is news. When it sells to a foreign company, it is big news. When the company is from China, it is really big news. And when word of the transaction is successfully kept under wraps, it qualifies as shocking. All of those descriptions apply to last week’s news that Smithfield Foods will be purchased by Henan Shuanghui of China, writes Steve Meyer in this week's "Market Preview" featured in National Hog Farmer magazine.
Tags: sale
industry
impact
foods
How will Smithfield Foods Sale Impact the U.S. Pork Industry?
2013-06-03 21:41:00| National Hog Farmer
By Steve Meyer, Paragon Economics, Inc., Adel, IA It was quite a shock, first due to its enormity and second due to its surprise. When the largest company, by far, in any industry sells, it is news. When it sells to a foreign company, it is big news. When the company is from China, it is really big news. And when word of the transaction is successfully kept under wraps, it qualifies as shocking. All of those descriptions apply to last weeks news that Smithfield Foods will be purchased by Henan Shuanghui of China. read more
Tags: sale
industry
impact
foods
Senator sounds alarm about Smithfield Foods sale
2013-06-03 05:08:07| Food - Topix.net
That's a question being raised by the planned $5 billion acquisition of Smithfield Foods by China's Shuanghui International.
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