Last week, senators from both parties finally came together for a common objective: stopping the $4.7 billion sale of America’s largest pork producer to China. Their reason? The sale of Smithfield Farms to a Chinese company, Shuanghui, could pose...
“If we go and purchase businesses from America and Europe, develop China’s meat industry, we will raise the level and standard of our food safety,” said Wang Long, Shuanghui’s chairman.
Smithfield Foods, one of the biggest and oldest pork producers in the U.S., agreed to sell itself to Shuanghui International, one of China’s largest meat processors. The two emphasized that the deal aimed to increase the supply of high...
If Shuanghui International’s purchase of Smithfield is to grease the wheels of trade carrying U.S. hogs to China and its enormous domestic pork market, then we’re looking at the further expansion of factory-scale swine farming here in the U...
