Dim Sumbirch

YOU SAW THE MOVIE Now live the reality “ ChicomsAcquire Smithfield Foods for $4.72b China’s consumption of pork is rising with the expansion of its middle class while there are questions being asked about the safety of the country’s food supply. Smithfield’s livestock unit is the world’s largest hog producer, bringing about 15.8 million of the animals to market a year, according to the company’s website. It owns 460 farms and has contracts with 2,100 others across 12 U.S. states. The takeover is valued at $7.1 billion including debt, which would make it the largest Chinese takeover of a U.S. company, according to data compiled by Bloomberg. "China’s consumption of pork is rising .. ."  There's the key.  Not only have the US lost another manufacturer, but the acquisition means American pigs (no. not the Congressional Democrat Women's Caucus) will be heading to Mao-Town.    Watch US pork prices skyrocket as supply dwindles.  ”