U.S. Grains Council Chairman Julius Schaaf just returned from a trade trip to China where he attended a food safety summit. He says the Council met with swine industry officials and were able to share information on Iowa State University Extension’s Swine Assurance program.
Schaaf says at the summit they heard from officials with Schwangui ,the new owners of Smithfield Foods. He says they found out the company’s safety standards are very high and that their purchase of the U.S. company will be very beneficial for U.S. agriculture.
He says they also heard from Chinese companies who are very interested in purchasing American corn and soybean meal.