Local

Iowa Pork Leader Sees Great Trade With Possible Smithfield Purchase

Iowa Pork Leader Sees Great Trade With Possible Smithfield Purchase

 

A U.S. government agency has given its approval to Smithfield’s purchase by a Chinese company.  Iowa Pork Producers President Greg Lear says he understands concerns about the deal that would lead to 25 percent of the U.S. pork industry being owned by a foreign company. He says however the opportunity for significant trade inroads is huge.

Lear says with that sale approval if it comes to pass will lead to just the tip of the ice berg of potential U.S. pork sales to China.

He says those who oppose the Smithfield sale to the Chinese company are just spinning their wheels because nothing can be done about it anyway.

Recent Headlines

in National

Virgin Galactic spaceship crashes during test flight

virgin

A passenger spaceship being developed by Richard Branson’s Virgin Galactic has crashed.

in National

Making headlines this week

AP15711298271

A look back on some of the biggest newsmakers this week.

in Black Friday, Lifestyle, National

Walmart ups ante on holiday shopping

walmart

Starting Saturday, Walmart will do whatever it takes to rope in holiday shoppers however they want to buy.

in Local

District 17 Candidates Discuss Workforce Development

vote

As several industries in communities throughout the state struggle to fill skilled positions, workforce development has gained increased attention in…

in National

Gas drops below $3 for first time in 4 years

gas

Prices at the pump are plunging, thanks mainly to falling oil prices.