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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
Category:Agriculture and Forestry