How much did China pay for Smithfield Foods?

Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion. It was the largest Chinese acquisition of an American company to date.

Who owns Smithfield Foods?

Smithfield's Chinese Ownership, Explained

But in 2013, WH Group, formerly known as Shuanghui International Holding Limited, one of China's largest meat producers, purchased Smithfield outright for $4.7 billion. It was the largest-ever Chinese acquisition of an American company, and was highly controversial in America.

How much pork does Smithfield export to China?

That same month, Smithfield sent China 9,170 tons of pork, one of its highest monthly export totals to that market in the past three years. Tyson exported 1,289 tons of pork to China, the most since January 2017.

What is the revenue of Smithfield Foods?

Smithfield Foods Revenue

Smithfield Foods had revenue of $3.79B in the quarter ending June 29, 2025, with 10.96% growth. This brings the company's revenue in the last twelve months to $14.84B, up 1.39% year-over-year. In the year 2024, Smithfield Foods had annual revenue of $14.14B, down -3.40%.

Does China buy pork from the US?

Approximately 55% of pork variety meats (offal) exports go to China. NPPC will continue to advocate for market access for U.S. pork products and facilities.

Smithfield Foods' China Deal (5/29/13)

Which country produces the best quality pork?

Spain. Some of the best pig breeds can be tracked down to Europe. Spain, sitting on Europe's Iberian Peninsula, is home to “walking olive trees” — Ibérico pigs. Esteemed for their rich and distinctive meat, the flavour of these pigs is developed from being fed acorns and bred in natural, open conditions.

Is Smithfield Foods profitable?

The hog business swung to a quarterly operating profit of $22 million from a $2 million loss a year earlier. Smithfield projected total 2025 adjusted operating profit at $1.15 billion to $1.35 billion, compared with a previous forecast of between $1.10 billion and $1.30 billion.

Who owns Smithfield Market?

Smithfield market's owners, the City of London Corporation, had planned to relocate Smithfield and Canary Wharf's Billingsgate fish market to the east-end suburb, but on Tuesday the body's Court of Common Council voted to scrap the move, after a recommendation from the Square Mile's policy committee.

Who owns farmer John?

Hormel Foods Corporation (NYSE:HRL) today announced it has completed the sale of Clougherty Packing, LLC, owner of the Farmer John^® and Saag's^® brands, along with PFFJ, LLC farm operations in California, Arizona, and Wyoming to Smithfield Foods, Inc.

Why does China import so much pork?

China produces roughly half of the world's pork, but it has nevertheless become a leading importer of the meat. China first emerged as a significant importer of pork during 2007-08, when a swine disease epidemic reduced its domestic supply.

Where does the UK export pork to?

China drives increase in UK pork exports. The volume of UK pork exports in the first quarter of 2025 increased by 4% year on year, driven by higher volumes to China.

Where does China get its food?

About 75% of China's cultivated area is used for food crops. Rice is China's most important crop, raised on about 25% of the cultivated area. The majority of rice is grown south of the Huai River, in the Zhu Jiang delta, and in the Yunnan, Guizhou, and Sichuan provinces.

Who owns Tyson Chicken?

The ownership structure of Tyson Foods (TSN) stock is a mix of institutional, retail, and individual investors. Approximately 77.31% of the company's stock is owned by Institutional Investors, 1.57% is owned by Insiders, and 21.12% is owned by Public Companies and Individual Investors.

Which country eats pigs most?

The top consumer of pork in 2021 continued to be China, taking into account its special economic regions Hong Kong, Macau, and Mainland China, whose consumptions were about 61, 52, and 37 kg/inhabitant respectively.

Do Jews eat pork?

Abstract. Both Judaism and Islam have prohibited eating pork and its products for thousands of years. Scholars have proposed several reasons for the ban to which both religions almost totally adhere. Pork, and the refusal to eat it, possesses powerful cultural baggage for Jews.

What breed of pig has the highest quality of meat?

Berkshire (or Kurobuta some places) is an heirloom pig that is bred in very few places in the world. The fat content is higher and the meat more marbled than commercially raised swine which makes it superb for grilling and stewing. Kurobuta pork chops melt in the mouth if cooked properly.

What country buys the most pork from the United States?

The top three markets, accounting for 63 percent of exports, were China, Japan, and Mexico – each importing approximately $1.7 billion of pork. China remained the top market for U.S. pork despite a sharp decline in shipments after a record high in 2020.

Does the US sell beef to China?

Asia remained the dominant export destination for US beef, with China, Japan, and Korea collectively accounting for 63.7% of total volumes in 2024. Overall US beef exports reached 962,144 mt in 2024, a notable figure given the nation's smallest cattle herd in 74 years.

Is China canceling US pork?

In April 2025, China unexpectedly canceled a record 12,000 metric tons of US pork imports, the largest such cancellation since the early COVID-19 supply-chain chaos in 2020.

What is China stockpiling?

China is rapidly stockpiling crucial materials in a manner that is beginning to draw "global attention". Among the materials are stocks of fuel, including crude oil and natural gas, valuable manufacturing metals like copper, iron ore and cobalt, and in particular precious metals like gold, said Newsweek.

Do farmers own land in China?

Ownership rights

In general, rural collectives own agricultural land and the state owns urban land. However, Article 70 of The Property Law allows for ownership of exclusive parts within an apartment building, which endorses the individual ownership of apartments.

Which groceries come from China?

China is responsible for 90 percent of the vitamin (C) consumed by Americans, 78 percent of the tilapia, 70 percent of the apple juice, 50 percent of the cod, 43 percent of the processed mushrooms and 23 percent of the garlic.