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

It’s 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.

Some people are concerned about biosecurity risks posed by staff that may travel back and forth between China and the U.S.  Other people are concerned about food safety. This week Senator Debbie Stabenow (D-MI), chairwoman of the Senate Agriculture Committee urged the Committee on Foreign Investment and other agencies responsible for reviewing the merger to take into account, “China’s and Shuanghui’s troubling track record on food safety,” and to “do everything in their power to ensure our national security and the health of our families is not jeopardized,” according to Food Safety News. The Senator notes that two years ago, Shuanghui International admitted to putting illegal additives in its food products.

On the positive side, as Meyer explains, if additional pork is exported to China, U.S. producers could see prices rise. Raoul Baxter, a former Smithfield Foods executive, recently wrote a blog post for the Meatingplace.com Web site entitled, “Shuanghui: What’s the big deal?”  He explains that while international deals are never perfect, the Smithfield sale to Shuanghui could be greatly beneficial to the entire U.S. pork system.

 

Like what you’re reading? Subscribe to the National Hog Farmer Weekly Wrap Up newsletter and get the latest news delivered right to your inbox every week!

 

USA Today’s editorial board presented opinions on the positive and negative sides of the sale this week, too. The editorial board asks, “Is pork a strategic asset that America should guard?” The possibility of the acquisition improving quality control in China is discussed. The editorial board does express concerns about the inequities in U.S.-China commercial relations—and notes that China’s restrictions on foreign ownership mean that U.S. companies that enter the Chinese market face restrictions and regulations that greatly reduce their ability to compete with state-owned companies.

 

No doubt, the questions are perplexing. What do you think about this acquisition? Please feel free to share your thoughts in the “Comments” section below, or email lora.berg@penton.com. Check out the thoughtful comments readers have already posted related to Meyer’s column. National Hog Farmer will continue to provide updates as this story develops.

You might also like:

How will Smithfield Foods Sale Impact U.S. Pork Industry?

New Cause of Infectious Diarrhea Found

Discuss this Blog Entry 36

on Jun 9, 2013

We printed money to shop at Walmart and other places where we bought Chinese made goods. Now the Chinese are using that money to buy our country while we stand in our Chinese made shoes. Surprise!
Now we plow for the Chinaman.

on May 17, 2014

I made sure i got it from the Amazon warehouse and this time, i got an authentic Canon battery. "Boundaries" is a good beginning step for lasting change. Best "bang" for my buck EVER. I have owned other Multi-Function printers which performed much better. I have tried almost everything else, and this stuff works in one day. Diabetes Diet
After a very sobering meeting with my oncologist, I'm thinking about reading it again because I need a good laugh right now. We were reminiscing on how we would see them in magazines as teenagers and would want to take them so badly (we're both 32As). And only 15% of these bottles get recycled. I may purchase another for myself. Good price on the product. As a RN, Medical Laboratory Technologist and breast cancer survivor, I literally read this volume in one sitting. Diabetes Monthly Log Sheet www.sandiegowaltz.org. Visit site

on Jun 14, 2014

I hope the information you provide in your articles that are useful to help others in dealing with the problems of bitterness, and that all feel relief after completing the problem.

and for that I also had an interesting info for my friends here from Cipto Junaedy with a good strategy to have knowledge about properties like this he expected us to be independent and the more authoritative because Mr Cipto Junaedy is a master of the property and many know the world Desain Rumah Minimalis and also My Otomotif

on May 17, 2014

The started and closed points tables are stable to say right results using perfect samples. The chances are easy and right through all to buy 100 instagram followers

on Jul 22, 2014

The easy points works with right form of team to encourage easy solutions with the help of high model portions to trim the exact level. how to reverse diabetes naturally

on Jul 25, 2014

IndianaJohn, things aren't really like that, we aren't some realistic mannequins that sit and wait for the Chinese to come and change or impose or clothing. It is us that make the choices and it is also us that can stop whatever is bothering us, if something does. There's always a solution and a way out.

on Jul 29, 2014

You could not have written this in a better words. The same situation is in Poland. We will be China in 20 years :) bieliźnie termoaktywnej

on Jul 30, 2014

The question asked by many people to be very diverse. There are many types of questions that can be developed from pig farms. rohana wheels rc 20

on Feb 14, 2014

I thought it was going to be some boring old post, but it really compensated for my time. I will post a link to this page on my blog. I am sure my visitors will find that very useful.
xbox live gratuit

on Feb 20, 2014

it would be the largest acquisition of an American company by a Chinese company in history APKLate

on Feb 26, 2014

As computer forensics investigators have become much sought-after, educational accomplishments in the field are becoming desirable, for which associate degree, bachelor's degree, or master's degree courses are available. computer-forensic-consultant.com

on Mar 3, 2014

I also benefit from learning the assessments, but learn that alot of people ought to stay on essay to try and add worth in the direction of the authentic weblog release. is bubblegum casting legitimate

on Mar 2, 2014

I've just decided to create a blog, which I have been wanting to do for a while. Thanks for this post, it's really useful!
pikavippik.fi

on Mar 4, 2014

Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I’ll be subscribing to your feed and I hope you post again soon.ibcbet

on Mar 26, 2014

I simply want to tell you that I am new to weblog and definitely liked this blog site. Very likely I’m going to bookmark your blog . You absolutely have wonderful stories. Cheers for sharing with us your blog.
http://bestgelmemoryfoammattress.samenblog.com/

on Apr 1, 2014

When i likewise take advantage of understanding this exams, nevertheless understand Wallets online in which many people need to stay on composition to try and put worth towards this authentic web site release.

on Apr 18, 2014

Great post! I am actually getting ready to across this information, is very helpful my friend. Also great blog here with all of the valuable information you have. Keep up the good work you are doing here.
http://gelmemory-foammattressreview.webs.com/

on May 3, 2014

, is very helpful my friend. Also great blog here with all of the valuable information you have. 5-htp.pw

on May 4, 2014

utahschoolbusrental.pwA whole lot to understand from it. A real huge fan from it almost all. Continue the favorable perform.

on May 5, 2014

A real huge fan from it almost all. Continue the favorable perform.amazon.com

on May 5, 2014

I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you postvitamincserum.co

on May 5, 2014

vitamin-c serumHello there! Do you use Twitter? I'd like to follow you if that would be okay. I'm undoubtedly enjoying your blog and look forward to new posts

on May 6, 2014

First You got a great blog .I will be interested in more similar topics. i see you got really very useful topics , i will be always checking your blog thanks.forskolin.me

on May 10, 2014

Accomplishment of the mission would be one thing that is very difficult. Usually there are many obstacles and hurdles that can make you difficult to reach.bestpregnancytest.pw

on May 16, 2014

Blue Raz Hyper Fx is another story. Check those examples out and if you get one like that return it. This is part of where one of the problems with the game comes into play. The cord came as pictured and the mini usb end has Canon molded into the plastic. This was another bad sign. Chlorella
I turned my camera on, and it wouldn't work. Downloading to my pc is a snap. I received my butterfly, it works, indeed there are three speeds. I wonder if the author's own feelings, desires, and personal obsessions got in the way of telling a completely truthful and balanced story. Maybe it didn't work because I did not stack it with anything, but I'm already used to taking some vaso-dilation pills without a stack and feeling "pumped," so why should I bother with these? So after delivery, I decided I would make the transition slowly.

on May 20, 2014

Car DetailingWOW Wash is a professional company offering car washing and detailing in Sydney. What makes us unique is that we offer a full mobile service to our clients!

on May 20, 2014

accountants north sydneySpecialising in Tax minimisation, Bookkeeping, Business Accounting, Taxation and compliance, Auditing and all general Accounting practices.

on May 29, 2014

I really like the dear information you offer in your articles. I'm able to bookmark your site and show the kids check out up here generally. Im fairly positive theyre likely to be informed a great deal of new stuff here than anyone else!
high PR blog comments

on May 30, 2014

I thought it was going to be some boring old post, but it really compensated for my time. I will post a link. find cheap flights to amsterdam

on Jul 3, 2014

Thanks to an wide range of mobile cellphone programs and thinking handling, companies can often discover out most of the facts they need, and handle their day, without ever discussing with the house company office. TUBE

on Jul 3, 2014

Easily, the article is actually the best topic on this registry related issue. I fit in with your conclusions and will eagerly look forward to your next updates. Just saying thanks will not just be sufficient, for the fantasti c lucidity in your writing. I will instantly grab your rss feed to stay informed of any updates.
home inspection sacramento reviews

on Jul 10, 2014

I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.
logo design mississauga

on Jul 10, 2014

Once I thought about things like: why such information is for free here? Because when you write a book then at least on selling a book you get a percentage. Thank you and good luck on informing people more about it!
logo design mississauga

on Jul 14, 2014

I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.
http://blogcomments.tumblr.com/

on Jul 23, 2014

reflected, and capitalized on, this style of learning. YOUmedia Chicago is a vibrant, loud, fun, and immersive spot. And its success has been astounding. - See more at: http://www.youmedia.org/toolkit/research#sthash.03L2lFlo.dpuf "search engine marketing toronto
"

on Jul 23, 2014

Web site entitled, “Shuanghui: What’s the big deal?” He explains that while international deals are never perfect, the Smithfield sale to Shuanghui could be greatly beneficial clash of clans cheats

Please or Register to post comments.

What's National Hog Farmer Blog?

Thoughts about the pork industry this week.

Blog Archive

Sponsored Introduction Continue on to (or wait seconds) ×