Archive for May, 2013

Smithfield’s sale to Chinese firm could impact prices

May 30th, 2013
By donm

Here is some breaking news out of the industry. China’s Shuanghui International has made a $4.7bn bid to takeover Smithfield Foods, the world’s largest pork producer, in what would be the biggest takeover of a US company by a Chinese firm to date – if it passes regulatory hurdles. What will happen to pork prices if this sale goes through? Opening up the Chinese market could send pork prices soaring.

Read the full story here.

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