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Author Topic: Price of pork probably going up  (Read 425 times)

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Offline Kora Smoker

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Price of pork probably going up
« Reply #-1 on: May 30, 2013, 05:25:04 PM »
SHANGHAI—China's No. 1 butcher has his eyes on U.S. dinner plates—and the world's.

Shuanghui International Holdings Ltd. said Wednesday that it agreed to acquire U.S. pork producer Smithfield Foods Inc. SFD -1.47% in a deal valued at about $4.7 billion. Should the deal be consummated, it would mark a new foothold for Chinese investment in the U.S., adding food to industries including energy and movie theaters that have proven welcoming to Chinese money.

http://online.wsj.com/article/SB10001424127887323728204578513382714121410.html
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Offline hikerman

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Re: Price of pork probably going up
« on: May 30, 2013, 08:38:52 PM »
Not a good happening.  Remember how China fared with their baby food,baby formula, pet food, and pet products. All ended in deaths.  >:(
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Offline Keymaster

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Re: Price of pork probably going up
« Reply #1 on: May 30, 2013, 09:09:04 PM »
Ummm, can't the government stop this from happening. I will not buy any pork from a company that is china owned, I will pay more from a U.S.A or Canadian farmer, Period...... Those things :)
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