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Wake Up and Haul the Bacon
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<p><span style="font-family:verdana,geneva;font-size:small;">[quote user="edblysard"]</span></p> <p><span style="font-size:small;">Not sure if it was made clear in my postings, but China didn’t buy Smithville…</span></p> <p><span style="font-size:small;">Shuanghui did, and they are a food distributor in China.</span></p> <p><span style="font-size:small;">Nothing in any of the articles I have read mentions them importing anything into the US.</span><span style="font-family:verdana,geneva;font-size:small;">[/quote]</span></p> <p><span style="font-family:verdana,geneva;font-size:small;">I only say that China bought Smithfield as a kind of figure of speech because China is the larger entity that makes the deal unique. And I realize that nobody involved with the deal has said that Chinese companies intend to export pork to the U.S. I certainly don’t expect them to do that for a long time, if ever. If they did it immediately, I don’t think it would work. What I see as significant is the potential effect on the Smithfield brand simply due to the purchase by a Chinese company. That will be interesting to watch. </span></p> <p><span style="font-family:verdana,geneva;font-size:small;">I remember that there was a recent plan to export U.S. chickens to China, so they could process them, and then export them back to the U.S. What ever happened with that?</span></p> <p><span style="font-family:verdana,geneva;font-size:small;"><a href="http://money.cnn.com/2006/05/19/news/international/china_chickendeal/">http://money.cnn.com/2006/05/19/news/international/china_chickendeal/</a></span></p>
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