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US Congress may hold hearings on Smithfield deal
Republican senator Mike DeWine (Ohio) plans to hold
hearings concerning the announced purchase of Premium Standard Farms (PSF) by
Smithfield Foods.
The deal, worth $810 million, has also attracted attention at the US
Department of Justice (DOJ). Currently, the department is examining the
purchase's impact on pig prices and pork producers.
The DOJ is worried that the deal will create a dominant buyer in the pork
market, harming small farms.
Earlier, Iowa senators and US farm organisations expressed their worries
about the announced purchase.
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Editor PigProgress
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