California. The name says it all. Don Surber has a good back-room analysis:
California is too communist for Red China
Red China announced it is closing its pork facility in California citing too many regulations and taxes.
The facility is owned and operated by Smithfield Foods of Smithfield, Virginia, which in turn is owned by Red China.
The company announced, "Smithfield Foods, Inc. today announced that it will cease all harvest and processing operations in Vernon, California in early 2023 and, at the same time, align its hog production system by reducing its sow herd in its Western region. The company will decrease its sow herd in Utah and is exploring strategic options to exit its farms in Arizona and California. Smithfield harvests only company-owned hogs in Vernon. Smithfield will service customers in California with its Farmer John brand and other brands and products from existing facilities in the Midwest.
"Smithfield is taking these steps due to the escalating cost of doing business in California.
More at the site. I remember when they were called Smithfield Hams and their hams were top of the line. Something you would spring for for a special occasion - an Easter or Christmas feast. Now? They are just another generic "food-product" manufacturer owned by some entity from another country.
More at the site. Don advises that there will be a drop in pork prices as they close out their herds but then prices (and their profits) will increase. Pork freezes really well... Just sayin...
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