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Most-Asked Question at World Pork Expo: What About the Smithfield Sale?

2013-06-08 15:22:00| National Hog Farmer

Its probably not surprising that the question that came up most often in pork producer conversations at World Pork Expo involved speculation about the implications of the sale of Smithfield Foods to Henan Shuanghui of China. In case you missed it, Steve Meyer, Paragon Economics, Inc., addressed this very question in the June 3 issue of the National Hog Farmer Weekly Preview newsletter. As Meyer points out, the sale of a company that owns around 970,000 sows and eight packing plants definitely qualifies as news. The discussion about the sale has not been limited to World Pork Expo. Many economists and media outlets are also analyzing the potential outcome of this sale. If the proposed acquisition of Smithfield is approved, it would be the largest acquisition of an American company by a Chinese company in history. National Hog Farmer Blog read more

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