The parent company made record profits in 2019 by shipping low cost US pork to China.
I bet they tricked Trump by including the Smithfield pork as “farm exports” to China.
Why China Is Snatching Land from U.S. Farmers
By CASEY WILSON, Associate Editor, Money Morning • July 7, 2017
Shuanghui Group, the largest pork producer in the world and the largest meat producer in China, dominated headlines in 2013 when it purchased U.S. pork producer Smithfield Foods Inc. for almost $4.7 billion.
https://moneymorning.com/2017/07/07/why-china-is-snatching-land-from-u-s-farmers/
But here’s what the mainstream media missed: Shuanghui didn’t just acquire the livestock. The Chinese conglomerate also snatched up more than 146,000 acres of farmland across the United States, worth a staggering $500 million, according to U.S. Department of Agriculture Data.
Here’s why they did it – and what it all means for American farmers. (Hint: It’s not good.)
China is in dire need of both food and farms.
Per capita consumption of pork in China last year was 85.3 pounds, compared with 59.3 pounds in the U.S. When you factor in the difference in the size of each country’s population — 1.344 billion vs. 314 million — the Chinese demand for pork is still about six times larger than in the United States.
Thanks for the Info, but the OP said the Live Hogs were sent to China, Slaughtered there to save money and then the Meat was sent back to the US for Sale.
The Article you referenced doesn’t say that.
Here’s why they did it – and what it all means for American farmers. (Hint: It’s not good.) China is in dire need of both food and farms.
Since the chi-coms started this virus, let's take back the plant and farmland as part of a down payment for the cost of the virus on the US economy.