Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘Smithfield’

Grocery Co$t$ to be PERMANENTLY HIGH because of Chinese-owned $mithfield Food$

Posted by Warm Southern Breeze on Tuesday, June 28, 2022

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.

(see: https://www.smithfieldfoods.com/press-room/2022-06-10-Smithfield-Foods-to-Close-Vernon%2c-CA-Facility-Reduce-Hog-Production-in-Western-Region/)

• 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 »

Posted in - Business... None of yours, - Did they REALLY say that?, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News, WTF | Tagged: , , , , , , , , , , , , , , | Leave a Comment »

Alabama 3rd Most Foreign-Owned Farmland in USA

Posted by Warm Southern Breeze on Friday, December 17, 2021

THIS! is honest-to-goodness COUNTRY🥓BACON!!😋

In its uncooked state (this is cooked), it does NOT require refrigeration!

NONE of that mass-produced, factory-farmed, Made-in-China, Made-for-China gobbledygook.

You KNOW that Smithfield Foods has been OWNED BY THE CHINESE “Shuanghui Group” (now called “WH Group” because it sounds more “American,” you know) since 2013 and paid US$4.72B to buy the Smithfield, VA-based American company.

WH Group’s “global headquarters is strategically located in Hong Kong, with regional headquarters in China and the U.S.,” while the “Headquarters Shuanghui Development in Luohe, Henan Province,” China, and WH Group’s U.S. Headquarters of their Smithfield Foods division is in Smithfield, Virginia.

For more information see: WH-Group.com

For more information see: Shuanghui.net

For more information see: SmithfieldFoods.com

WH Group is also one of the LARGEST FOREIGN OWNERS of American farmland, with 146,000 acres and that separate sale was worth US$500M, according to the USDA.

Put another way, 146,000 acres is 228.1252 square miles… that’s nearly 20% (18.79% exactly) of the entire state of Rhode Island, which has 1214 square miles.

Unbridled greed in the extreme, aka AVARICE, is to blame. And Americans laws DO NOT FORBID, nor punish, such BAD BEHAVIOR. In fact, it’s REWARDED & ENCOURAGED.

Blame Congress — which has been bought & paid-for by Corporate lobbyists — for their FAILURE TO PROTECT AMERICAN DOMESTIC INTERESTS. THAT is a matter of NATIONAL SECURITY.

But let’s do something else. Let’s examine HOW MUCH U.S. land is owned, or controlled by, foreign interests.

Using a 1978 law — the Agricultural Foreign Investment Disclosure Act, which requires foreign entities to report farmland transactions to the USDA’s Farm Service Agency — the Midwest Center for Investigative Reporting examined USDA & other Federal data to determine how much land is owned/controlled by foreign interests.

They found that in 2016, foreign investors that year acquired at least 1.6M acres of U.S. farmland. And USDA data shows that either through direct ownership, or long-term leases, foreign investors control at least Read the rest of this entry »

Posted in - Business... None of yours, - Lost In Space: TOTALLY Discombobulated, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News, WTF | Tagged: , , , , , , , , , , , , , , , , | Leave a Comment »

The Chinese Own Smithfield, And Germans Own Krispy Kreme. Which American Corporation Will Sell Out Next??

Posted by Warm Southern Breeze on Friday, January 29, 2021

So… today, this morning, I spent about $10 with Krispy Kreme.

If you’re a Southerner reading this, you know what that means.

If you’re not a Southerner, or are otherwise uninformed, Krispy Kreme is the North Carolina-heeadquartered company that has for years made the most delightfully light, fluffy, airy doughnuts.

They’re NOT at all like Dunkin’ Doughnuts, which are heavy, doughy, bread-cake like doughnuts. There is NO comparison whatsoever.

It’s like the difference between a Model-T, and a F1. Even though they’re both cars, they’re worlds apart.

But what I wanted to focus upon is a portion of the brief, pleasant exchange I had with the clerk in the store.

I had decided to stop in as I was returning home from taking Queenie to the veterinarian’s office for ACL surgery today. As I was nearing the area, the thought “doughnuts” occurred to me, and I knew the KK was nearby. As I drew closer, another thought occurred to me: The locally-owned-and-hometown-operated doughnut shop a little further down the road.

Not wanting to drive any further, even though it wasn’t far, per se, I opted for the nearest shop, which was the KK.

Even though I’m not a “shopaholic,” nor adherent, nor promoter of “retail therapy,” I’m fortunate to live in an area that’s conveniently located to many different shops and retailers. Some folks have to drive quite a distance to do so almost anything, whereas I do not. So, I count my blessings, in a manner of speaking.

I had donned a facemask before I walked in, looked around briefly – I was the only customer present – and Read the rest of this entry »

Posted in - Business... None of yours, - Did they REALLY say that?, - Even MORE Uncategorized!, - Lost In Space: TOTALLY Discombobulated, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News, - Round, round, get around, I get around., WTF | Tagged: , , , , , , , , , , , , , , , , , , , , | 1 Comment »

Black Journalist Confesses: “I’ve used the n-word.”

Posted by Warm Southern Breeze on Sunday, June 30, 2013

This Op-Ed speaks volumes.

Read on.

Confession of a black journalist: Like Paula Deen, I’ve used the n-word (Opinion from Anthony Cook)

Anthony Cook, Huntsville Times Community News Director

Anthony Cook, Huntsville Times Community News Director

By Anthony Cook | ACook@al.com
Follow on Twitter
on June 25, 2013 at 8:18 AM, updated June 25, 2013 at 12:57 PM

When I first heard about the dust-up over food mogul Paula Deen saying the n-word, my first reaction was “Um … OK.”I considered it just that – a dust-up. Big deal.But when it was reported that her extremely popular cooking show was being dropped from the Food Network, my thoughts changed to: “This is a big deal.”I’m guilty of spending the occasional Saturday morning in front of the tube with my wife, watching Paula whip up some Southern comfort food.When I heard she’d used the n-word at some point in her life, I wondered how I’d view her the next time she was on TV, concocting something you could almost taste through the screen and telling us “This is so good, y’all.”

But, apparently that’s not gonna happen. Not only has Food Network dropped her show, but Smithfield Foods has dropped her as a spokeswoman, and QVC and Walmart are considering doing the same.

This writing isn’t a defense of Paula Deen. She’s a big girl. She can take care of herself. And those businesses that are dropping association with her are just that – businesses. They have to consider the bottom line, which can be greatly affected by blows to their image. They essentially have been left with no choice.

I began to see the hypocrisy of expecting white people to adhere to a standard that I was not upholding myself.

As a black man, this writing is my attempt to point out Read the rest of this entry »

Posted in - Did they REALLY say that?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home. | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a Comment »

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

Posted by Warm Southern Breeze on Wednesday, May 29, 2013

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.”

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 Read the rest of this entry »

Posted in - Business... None of yours, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 6 Comments »

 
%d bloggers like this: