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A group of U.S. senators plan to put Smithfield Foods (SFD -0.2%) through the meat grinder...

A group of U.S. senators plan to put Smithfield Foods (SFD -0.2%) through the meat grinder before the company can have its acquisition by Shuanghui International approved. The group wants the Department of Agriculture and the FDA involved in the government review of the transaction to protect national security interests. Analysts think the deal will still fly, although they predict the review process could stretch out a few months.
Comments (5)
  • Chris DeMuth Jr.
    , contributor
    Comments (6293) | Send Message
    If you are a US Senator, it is important to engage in a lot of political grandstanding whenever China is involved.
    20 Jun 2013, 12:50 PM Reply Like
  • losbronces
    , contributor
    Comments (799) | Send Message
    And use the term "national security" whenever possible.
    20 Jun 2013, 01:04 PM Reply Like
  • Joe2922
    , contributor
    Comments (436) | Send Message
    I will no longer eat any foods from this co. if they take over, bad track record with food safety, quality and well-documented
    20 Jun 2013, 01:51 PM Reply Like
  • kilbyave
    , contributor
    Comment (1) | Send Message
    @ Joe. I also agree with you about poor quality. We used to live 10 miles away from their plant in Smithfield. The quality of product in the stores was horrible. We now live in Mississippi and we accidentally purchased a brand of bacon the other day that came from Smithfield that we hadn't hear of. The package of "bacon" was nothing but pieces of fat scraps.
    21 Jun 2013, 03:08 PM Reply Like
  • Joe2922
    , contributor
    Comments (436) | Send Message
    It's the Chinese I don't trust. The only food I'll eat from China is pine nuts, huge profits, so they began farming in Mongolia and now have 25% share in pine nuts. The Mediterranean pignolis are best, but $27/pound vs. $20 for Mongolians. Chinese poisoned baby food with industrial chemical. I became a vegetarian anyway early this year and don't miss meat at all.
    7 Jul 2013, 10:27 AM Reply Like
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