Smithfield Foods has entered into a multi-billion dollar merger agreement with a top Chinese meat producer. Smithfield’s North Carolina hog processing plant is the largest in the world. The company already sells pork in 12 countries. But now Shuanghui International based in central China has agreed to acquire Smithfield for $4.7 billion. The total deal is valued at $7.1 billion.
Not sure what that exactly means, but outsourcing our life stock food supply can be good for US consumers?