Smithfield Foods was sold to a Chinese company, and China will be slaughtering and processing hogs raised in the U.S. and shipping them back to America. Bad Food (A MUST READ)
More news: Is This 112-Year-Old Virginia Ham The World's Oldest? | First We Feast
More news: Animal Print Fabric, Feline Art Deco Print Orange, Purple, Yellow Four Terminals stretch fabric Item # RXPN-42014OR-SWATCH - DesignerAlleyFabrics fabric sample at Etsy Studio
More news: Minecraft Guides
Pork is the most popular meat in China as it forms more than three-fourths of total meat consumption in the country. The nation produced more than half the world's total pork in 2012, while consumers spent around $ 183 billion consuming it. Moreover, demand for the meat is only rising the disposable incomes of more than 1.3 billion people in China are rising.
The Chinese acquisition of a U.S. It does not mean that Americans will be eating crock Chinese cuts. The trade in pork is all the other way, and so is the technology transfer that Chinese firms are seeking to consolidate a fragmented, poorly run industry. Shuanghui is not looking to offload Chinese pork in Los Angeles. What it wants to become the leading player in China. Moreover, people engaged in that industry have told us that notion of a Chinese-owned company raising hogs in the US, shipping them live all the way to China for slaughtering and processing, then exporting the meat back into the US would be prohibitively cost-inefficient - especially since the slaughtering and processing infrastructures already exist in the U.S., and the Chinese domestic market for pork is far, far larger than the U.S. market for pork.