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Yes, the hogs are not imported from China.

The issue is who owns Smithfield Foods.

Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion, more than its market value. It was the largest Chinese acquisition of an American company to date.

My issue was: Smithfield Foods. SWINE Processing Plant. Located on the PAGAN RIVER. On SPUR 666 just off Route 10.

Correct.

[The issue is who owns Smithfield Foods.

Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion, more than its market value. It was the largest Chinese acquisition of an American company to date. ]

In many cases, these are just private investors getting their money out of the country. Li Ka-shing, Hong Kong’s richest man, was vilified as a traitor for getting his money out of China. He’s putting his money to work in the West, far out of the reach of China’s emperor and the party aristocracy, which has the power to arbitrarily seize property as part of an imperial tradition dating back thousands of years. I expect they saw large accumulations of capital as a threat to their dynasties, something that did come to fruition in Western Europe, as merchant princes stripped the royals of real power.

https://www.breakingviews.com/considered-view/china-criticism-makes-even-li-ka-shing-defensive/
https://www.irishtimes.com/business/economy/hong-kong-s-superman-li-ka-shing-rejects-claims-he-is-abandoning-china-1.2379435

Think of the Communist Party as an oversized parasitic triad gang, and private businessmen in China as the host on which the parasites feed. A good number of foreign stock offerings are a way for Chinese businessmen to avoid the clutches of the all-encompassing countrywide shakedown racket that has been the Chinese government since time immemorial.

https://seekingalpha.com/article/4300806-offshore-china-tech-ipo-wave-peter-next-year
[Thus, the thesis becomes that many of the IPOs now coming to market are basically being driven by company founders and backers whose main interest is opening up a channel for getting their money out of the country as other channels dry up. That explains why many of the listings now coming to market are for $100 million or less, since simply opening the channel becomes the primary objective rather than real fundraising.]