FOCUS-At Smithfield Foods' slaughterhouse, China brings home U.S. bacon [Reuters]
Seaboard Corporation (SEB)
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Source: Reuters
At Smithfield Foods' slaughterhouse, China brings home U.S. bacon - Reuters 7 Min Read SMITHFIELD, Virginia (Reuters) - Smithfield Foods’ slaughterhouse in Virginia used to carve up pork for American sandwiches and holiday dinners. But workers now box up pig carcasses to ship to China, according to employees, local officials and industry sources. The transformation at the Smithfield, Virginia, plant shows how the global meat industry is adapting to profit from African swine fever, a fatal pig disease that has killed millions of hogs in China and turned the world’s top pork consumer into a major meat importer. Bought by China’s WH Group Ltd ( 0288.HK ) six years ago for $4.7 billion, Smithfield Foods has retooled U.S. processing operations to direct meat to China, which produced half the world’s pork before swine fever decimated the industry. The world’s biggest pork processor operates a white, box-shaped meat plant in Smithfield, Virginia, home to 8,000 as well as the company’s head
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- SEB Investors Have Opportunity to Join Seaboard Corporation Fraud Investigation with the Schall Law FirmPR Newswire
- Seaboard Corporation Is Being Investigated For Committing Securities Fraud And Affected Investors Are Urged To Contact The Schall Law FirmAccesswire
- Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Seaboard Corp. for potential violations of securities lawsPR Newswire
- The Schall Law Firm Invites Stockholders With Losses To Join An Inquiry Into Seaboard Corporation's Securities Law Violations Accesswire
- Seaboard Corporation Is Being Investigated For Fraud And Affected Investors Are Urged To Contact The Schall Law FirmAccesswire
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