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California’s Sky-High Costs Force Smithfield Foods to Shut Down Hog Plant in Golden State

Smithfield Foods, Inc. – bought by China-based pork juggernaut the WH Group in 2013 – made the announcement in a press release Friday, stating it is halting “all harvest and processing operations” at its Vernon, California, facility early next year. Compared to plants in other states, utility cost in California “is 3.5 times higher per head to produce pork,” the Wall Street Journal reported a company spokesman as saying.

[breitbart.com]

Garsco 8 June 15
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4 comments

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I wasn't aware Smithfield Foods was controlled by China now, I frequently buy their products. Might not as much now anymore.

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Yeah, the market works as long as the political class leaves it alone.

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Soy is a rare industry where America dominates. America and Brazil lead the world in soy exports.

China leads the world in soy imports. America has China by the balls with soy.

Soy is the magic feedstock because it's heavy in protein. It takes half as much soy to produce a pig as it does with corn.

If we're buying pork from China, that means Biden sucks.

@Garsco is right. China is hard up for freshwater and hard up for food production.

American cities have wild cats. Not so in China.

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Saw this over the weekend. Even the CCP can't do business in California.

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