Search
Better Farming OntarioBetter PorkBetter Farming Prairies

Better Pork Featured Articles

Better Pork magazine is published bimonthly. After each edition is published, we share featured articles online.


A Chinese takeover of Smithfields?

Monday, August 5, 2013

Last year was financially unkind to Smithfield Foods Inc., the largest pork producer in the United States. While full year sales were up a full percentage point to US$13.2 billion, net income was down to $183.8 million, nearly a 50 per cent drop from $361 million a year before.

The company's press release said pork production was not a money maker last year because of higher feed costs and other inputs. Any pork producer could have told you that.

No wonder shareholders were enthusiastic about Shuanghui International, the largest butcher in China, taking over Smithfield sometime in the next six months. Shuanghui was offering US$31 a share for Smithfield Foods stock, a 31 per cent premium over the previous trading price of $25.75. The sale requires federal government approval.

Shareholders aren't the only ones wondering where this is going. Producers across North America wonder what it will mean if a firm from China, the largest pork consumer and producer in the world, acquires the Smithfield company, if indeed the sale is approved. Is this more pork going to China and away from North American markets, or what else might happen? BP

Current Issue

April 2026

Better Pork Magazine

Farms.com Swine News

Poll shows Canadians support supply management

Monday, April 20, 2026

Canadians are in favour of supply management, a new poll shows. A Nanos poll commissioned by Dairy Farmers of Canada surveyed 1,099 people between March 31 and April 4, asking participants about the topic and others related to ag. When it comes to supporting the “general objectives” of... Read this article online

Ag in the House: April 13 – 17

Monday, April 20, 2026

Agriculture Minister Heath MacDonald attended question period last week where he fielded a question about business investments in Canada. Michael Guglielmin, the Conservative MP for Vaughan—Woodbridge, cited a report from the Canadian Federation of Independent Business indicating that for... Read this article online

Claas Expands Midwest Presence to Support Farmers

Friday, April 17, 2026

Global equipment maker grows dealer and service network across the Dakotas Claas, a global agricultural equipment company, is expanding its operations in the Midwest to better serve farmers and ranchers. Although the brand is not always part of common “red or green” equipment... Read this article online

Canadian Farmland Values Rise Faster Than US

Thursday, April 16, 2026

FCC analysis highlights rising land costs and growing affordability pressure Farm Credit Canada has released a new economic analysis that sheds light on changing farmland value trends in Canada and the United States. The study shows that cultivated farmland values in Canada are... Read this article online

BF logo

It's farming. And it's better.

 

a Farms.com Company

Subscriptions

Subscriber inquiries, change of address, or USA and international orders, please email: subscriptions@betterfarming.com or call 888-248-4893 x 281.


Article Ideas & Media Releases

Have a story idea or media release? If you want coverage of an ag issue, trend, or company news, please email us.

Follow us on Social Media

 

Sign up to a Farms.com Newsletter

 

DisclaimerPrivacy Policy2026 ©AgMedia Inc. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Back To Top