The sale of US pork producer, Smithfield Foods, to China's largest pork processor, Shuanghui International grabbed the headlines last week, with management insisting the deal will help open the Chinese market to US hogs. CEO Larry Pope believes the transaction is "good news" for Smithfield and the US pork industry as a whole. Elsewhere, the Citi Global Consumer Conference got under way in New York where attendees heard presentations from multinationals such as General Mills and Mondelez International.