Smithfield Foods Chinese Pork Project is a Wall Street Happy Meal Deal: American Prices Will Increase

If you like bacon, ham, pork sausage, barbecue, ribs, or any other pork product – including cold cuts & pizza – get ready to pay at least 2 – 4 times more, and for shortages.

Why?

Wall Street minions – who manage Smithfield, an American company no more – have no patriotic qualms about taking food off your table and out of your mouth to feed the mouths of the people who steal our nation’s military secrets, defraud our motion picture & music copyrights, and have an historical track record of Shanghai-ing anyone & everyone who gets in their way.

You think I’m kidding, or that I don’t know what I’m writing about?

Just recollect back a few months – oh, say about 7 – to Thanksgiving in November 2012 when pecans were 2x – 3x the price they were usually.

And why was that?

After all, pecan farmers had a record bumper crop… and that typically translates into lower prices for consumers.

It’s because the Chinese suddenly discovered they liked pecans, and were willing to pay premium prices (translate: much MORE then you’re willing to pay), and so the growers shipped pecans over to China.

As I continue to contend, IT’S ALL ABOUT THE MONEY.

Okay… so it may cost more. So what?

How about this?

Were you aware that the Chinese company that bought Smithfield sold pigs that had been fed a substance banned in the USA & England & other nations?

Yup.

Shuanghui Group, China’s largest meat processor, sold pigs fed Clenbuterol in 2011. Here are three links about the ordeal.

And, would it surprise you to find out that Goldman Sachs is one of the top investors?

1.) “According to Chinese government data, 18 outbreaks of food-related clenbuterol poisoning occurred between 1998 and 2007. The most recent report indicates one person died and more than 1,700 others fell ill.”

2.) “Meanwhile, at Jiyuan Shuanghui’s processing facilities, of the 689 pigs awaiting slaughter, 19 tested positive for clenbuterol. Shuanghui, which counts Goldman Sachs among its investors, has shut down the Jiyuan branch affected by the contamination so it can conduct its own inspection.”

3.) “And in recent months the additive has earned notoriety in China after a string of people got sick from eating pork products full of it. Hundreds took ill in one incident in March, and this week, 286 people in Hunan province after eating pork contaminated with ractopamine, a chemical very similar to clenbuterol. Chinese livestock farmers began using clenbuterol in pig feed in the late 1980s to boost growth and get animals to market faster, but it was banned in 2002 as the health risks of eating the meat became better understood. Clenbuterol-tainted meat dizziness, headaches, hand tremors, and other unpleasantness. It’s especially risky for people with heart troubles.”

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Shuanghui Agrees to Acquire Smithfield Foods for $4.72B

By Shruti Date Singh and Jeffrey McCracken – May 29, 2013

Shuanghui International Holdings Ltd., China’s biggest pork producer, agreed to acquire Smithfield Foods Inc. (SFD) for about $4.72 billion to boost supplies for the nation that’s the biggest consumer of the meat.

Closely held Shuanghui, parent of Henan Shuanghui Investment & Development Co. (000895), will pay $34 a share for the Smithfield, Virginia-based producer, both companies said today in a statement. The offer is 31 percent more than yesterday’s closing share price.

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

Hey! Who ate my cheese?!?

Breakfast of Champions with the King

Thanksgiving Carp (or should it be “crap”?)

My Thanksgiving this year was unremarkable.

I said jokingly – although with serious intent – that I should’ve gone to the homeless shelter to eat. At least that way I would’ve had some turkey, dressing and traditional food!

The ironic part of it all, was that I bought enough groceries to feed an army: 25 lb turkey, 20 lb ham, 10 lb pork tenderloin, 7 lb of three types sausage, 2 lb slab-cut bacon, mushrooms (shitake, portobello & white), onions, leeks, fresh spinach, cream, genuine maple syrup, pecans, walnuts, tomato paste, salad dressings, cheeses, and much, much more (over $300 worth)! The meat is now residing in the freezer, while the other perishables are in the refrigerator’s cooler drawer.

Perhaps it was my Matthew 22:9 moment. The well-read will recall that is the parable of the feast taught by Jesus Christ, in which the king made ready a feast but the invited guests didn’t show up. So, he commanded his servants to go out into the city streets, highways and byways and bid all to come to the feast.

My roommate is “vegetabletarian,” wasn’t invited anywhere by anyone she knew, and I didn’t get the invite from my folks because they were invited by my brother’s in-laws (Clifford & Jolene) to their place. I thought that was kind’a ass-holey of them, not my folks, to not invite me. I’m the elder of two, have neither spouse nor children, and don’t lead a secret life. Which is to say, C&J and all the gang know that. I guess they gave me the great big “FUCK YOU” this year.

But oh, dear LORD… don’t let ’em think for one moment they might be “dissing” me – their artificially nice world would cave in around them. But know what’s weird? He’s a Baptist-turned-Independent “holiness” preacher.

See what I mean? At least if I ate with the homeless folks, I’d have been around some folks that would’ve taken an interest in me.

As it was, I enjoyed the fellowship of one human being – my roommate and her dog Atticus – and one other… Mr. Jack Daniel’s whiskey.

Okay, enough carping.

So, the first turkey I had this season was at – of all places – a Chinese restaurant, the Sunday after Thanksgiving! Oh yeah… I also had some of my favorites: octopus salad, raw oysters, shrimp and kimchi, along with some beef – cooked, of course (though I’ve eaten it raw… yum! *LOL*).

I had a couple of laughs that day with my waitress and the folks at the table next to mine. I’m a personable fellow, and I like to laugh and smile.

Folks that know me, know that.

In retrospect, I suppose it all worked out for the best… though I still think it sucks.