WH Group, the world’s largest pork producer and owner of Smithfield Foods, the largest in the United States, stands to benefit from African Swine Fever in China because it can source pork from the plants it owns in the U.S. and Europe, stock-market analysts say.
Owning those plants gives WH Grou strategic advantages in being able to help boost China’s pork imports despite tariffs imposed amid the U.S.-China trade war, the analysts said this week.
On Monday WH Group reported an 8.5 per cent increase in net profits to $850 million for the January-to-September period.
The company’s stock market share price rose by 5.8 per cent, the largest increase in two months.
Smithfield Foods once bought J.M. Schneider Inc. of Kitchener, then sold it to Maple Leaf Foods Inc.