LIVESTOCK NEWS
Hearing Planned on Smithfield
John Harrington DTN Livestock Analyst
Mon Jul 1, 2013 11:25 AM CDT

OMAHA (DTN) -- The Senate Agriculture Committee will hold a July hearing in Washington to examine the impact of the sale of Smithfield Foods to a Chinese company.

Smithfield announced last month the Virginia-based pork producer would be sold to Shuanghui International for $7.1 billion when debt is included. If finalized, it would be the largest purchase of a U.S. company by a Chinese business.

Industry economists and pork producers have said the main takeaway from the sale is that the U.S. will grow exports to China. Currently, China comes in as the fourth-largest market for U.S. pork, taking up ...

Quick View
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
DTN Closing Livestock Comments
DTN's Livestock Quick Takes
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
DTN Before The Bell-Livestock
DTN Closing Livestock Comments
COOL Appeal Likely in 2015
USDA: Record Corn, Soy Production