[Dig1t]

>Smithfield was bought by WH Group, a Chinese company, in 2013.

Correct, Smithfield seems to have consolidated the market _before_ being acquired by WH Group. Which he says in the video. But the fact that they are still controlled by China and that they have a massive market share of the industry is still true.

>This appears to be fiction

I just went back and rewatched the video, sorry my bad. They control 80% of hog production _in North Carolina_.

They control 26% of all US pork processing and 15% of pork production.

It's hard to remember this stuff when posting on here casually during work.

However Smithfield was in fact guilty of price fixing:

https://www.reuters.com/legal/pork-consumers-75-million-pric...

Which means they are big and powerful enough to manipulate markets like this.