Posted on 08/25/2007 8:46:10 PM PDT by ken21
Chicago Mercantile Exchange lean-hog futures rose on news of a 60-million-pound pork deal made between a major Chinese trading company and Smithfield Foods Inc.
(Excerpt) Read more at online.wsj.com ...
Lord, if Smithfield starts buying pork from China, there goes my Thanksgiving and Christmas home being bought from them.
I’ll find another company Smithfield, I mean it. If I want melamine on my plate, I get my God daughters Barbie food.
Blue Horseshoe loves Miss Piggy.
If there’s a 60-million pork deal in the works, I’m guessing Murtha’s behind it.
“the deal specifies that the product must be ractopamine-free.”
If pork futures are (up) as a result of this deal, would that not indicate that the deal is not just another import of cheap stuff — but might be in fact a significant export deal?
China’s been having some problems recently with hogs.
Could be, we’re actually selling something for a change?
see #1.
i had questions.
No kidding ...
CHENGDU, China, Aug. 9 — A highly infectious swine virus is sweeping China’s
pig population, driving up pork prices and creating fears of a global
pandemic among domesticated pigs.
Animal virus experts say Chinese authorities are playing down the gravity
and spread of the disease.
So far, the mysterious virus — believed to cause an unusually deadly form of
an infection known as blue-ear pig disease — has spread to 25 of this
country’s 33 provinces and regions, prompting a pork shortage and the
strongest inflation in China in a decade.
Trichinosis is our friend.
I believe you are correct. It is my understanding that more U.S. pork will be exported to China.
Exactly what I was thinking.
For a change? Where have you been?
Yup, there goes the low cost of Pork.
For a change? Where have you been?
-
Walmart...
Nothing American-made there. That’s for sure.
I guess I’ll have to keep hunting wild pigs. The big old boars aren’t too tasty however.
By the way this sounds more like a purchase than a sale.
Our monthly trade balance with China is approximately 20 billion US dollars.
For comparison purposes, according to Fortune that’s more than the total shareholders’ equity, of Valero Energy!
Half of the Stockholders equity of Hewlett Packard.
Every month. Out the window. Or actually, off to China. Along with all the associated manufacturing capability, intellectual property rights, staff, ownership. You name it. Gone.
Yeah, I’m surprized. Why aren’t you?
PS: Got an iPod? Think those “American” iPods are made in America?
Or your American computer?
Or pretty much anything anymore?
No doubt it’s a sale to them, not a purchase.
They buy alot of what you might call the secondary markets in live production. Chicken feet and wings, beef feet and tails and organs, etc. It is a significant market.
Ok, so you want to change the subject to the trade deficit. Happens all the time when I ask about U.S. exports.
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