Misconceptions Surrounding Eating Pork And The Swine Flu Lower Hog Prices

Anybody who has kept an eye on agricultural doings knows that consolidation is occurring at an alarming rate. In the past couple of decades, competition between agricultural giants has become a fading memory. Even this short list is staggering:

  • China’s WH Group purchased Smithfield Foods – the largest producer of U.S. pork – in 2013 for a steal-of-a-deal $4.7 billion.
  • Brazilian meat-producer JBS purchased a majority stake in Pilgrim’s Pride for $800 million in 2009.
  • German pharmaceutical Bayer AG purchased St. Louis-based Monsanto for $63 billion in 2018.
  • ChemChina purchased Swiss-based seed and herbicide producer Syngenta for $43 billion in 2017. At the time, Syngenta owned a number of U.S. seed and chemical companies that accounted for roughly 6 percent of soybean seed sales and 10 percent of corn seed sales.