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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
World Pork Expo Expects 20,000 Visitors
2013-06-03 02:00:00| ThePigSite - Industry News
US - Nearly 20,000 pork producers and industry representatives from 39 countries will be in Des Moines, June 5-7, for the 2013 World Pork Expo.
Tags: world
visitors
expo
expects
Chinese Pork and Poultry Problems Drive Beef Demand
2013-06-03 02:00:00| ThePigSite - Industry News
CHINA - In the wake of the H7N9 avian flu outbreak in China earlier this year, which cost the Chinese poultry industry some €5 billion through culling and a dramatic fall-off in consumption when poultry was removed from menus, and a public distrust of pork following the discovery of thousands of pig carcasses floating in Shanghai’s main river, many Chinese are turning to beef as an alternative meat, according to Nick McIlroy from Bord Bia- Irish Food Board, Shanghai Office.
Tags: problems
drive
chinese
demand
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