Heard during Smithfield Foods' (SFD) conference call: Execs say the sale to a Chinese company is...

|About: Smithfield Foods Inc. (SFD)|By:, SA News Editor

Heard during Smithfield Foods' (SFD) conference call: Execs say the sale to a Chinese company is "good news" for the pork industry as a major U.S.-based food company ties in with an extensive Chinese distribution network. They also note Shuanghui sells in other major Asian markets such as Japan and Korea. Both CEOs reiterated that Smithfield's business and operations will remain largely the same. (webcast)