Smithfield’s sale to Chinese firm could impact prices

May 30th, 2013

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.

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