史密斯菲尔德食品

Wan Long, RIGHT, Chairman and CEO of WH Group, formerly called Shuanghui International, shakes hands with Charles Larry Pope, President and CEO of Smithfield Foods, at a press conference of WH Group in Hong Kong, China, 14 April 2014.
Two subsidiaries of Henan Shuanghui Investment and Development Co have gained access to the Russian market, after its parent company — WH Group Ltd, the world’s largest pork producer— acquired US pork producer Smithfield Foods Inc and bought a stake in Campofrio Food Group SA of Spain, the largest pan-European packaged meat products company, last year. The two Heilongjiang-based companies — Wangkui Shuanghui Beidahuang Food Co and Heilongjiang Baoquanling Shuanghui Food Industry Co — got the official nod after their production facilities and products were examined and assessed by officials from Russia’s meat products watchdog, the Federal Service for Veterinary and Phytosanitary Surveillance, in August, Shuanghui Development said on its website. To widen its import market for meat, the Russian government agreed to import meat products from five Chinese suppliers by the end of August, indicating the nation has taken a flexible strategy to balance the supply and demand relationship, while the US and its European allies are trying to squeeze the country’s trade space in the world market.
Chinese translated as “Smithfield Food”
Amidst the cacophony of overall price inflation in fuel, food, and other items, there are numerous underlying and related causes.
There are not merely one, two, or even three contributing problems to this lingering miasma, and rather, like a line of dominoes tumbling, one after another, significantly increased prices in consumer goods are taking a toll on Americans, whose incomes — unlike those of CEOs, and other high-level corporate executives — have not risen in response.
Consider food.
The United States Department of Agriculture found national slaughter capacity reductions [i.e., the CLOSING of abattoirs/processors/slaughterhouses] in pork, and cattle, of 35-40%, and 30-40%, respectively, which have translated to hyper-inflated costs to consumers.
NOTE: Big Oil has done similarly. They’ve closed their oil refineries & capped wells, thereby creating a false shortage, and simultaneously INCREASED prices, resulting in record profits not seen since the 1950’s.
THAT is why fuel prices are sky high.
There is NO OTHER REASON.
The Energy Information Administration has a page dedicated to Refinery Utilization and Capacity in the United States which shows that 679 oil refineries were closed and not utilized in 2021 — the GREATEST number ever, since 1985.
For more detailed information, see this entry: https://warmsouthernbreeze.wordpress.com/2022/06/28/energy-information-administration-data-shows-how-big-oil-is-abusing-consumers/
But business practices, related closures and production slowdowns in abattoirs and processing facilities have their roots elsewhere in time, and policy.
On June 10th, 2022, the communist Chinese-owned Smithfield Foods announced the following:
Smithfield Foods, Inc. today announced that it will cease all harvest and processing operations in Vernon, California in early 2023 and, at the same time, align its hog production system by reducing its sow herd in its Western region. The company will decrease its sow herd in Utah and is exploring strategic options to exit its farms in Arizona and California. Smithfield harvests only company-owned hogs in Vernon. Smithfield will service customers in California with its Farmer John brand and other brands and products from existing facilities in the Midwest.
• A little less than a year ago, in early July 2021, Smithfield settled (for $83M) a Class Action Federal lawsuit filed in U.S. District Court for the District of Minnesota accusing it of price-fixing, and Read the rest of this entry »