Some good news about a pork company:
AgFeed Industries ( FEED - news - people ) issued guidance for 2010 and 2011 this morning. The company expects to market 2 million hogs in both years, with sales improving by $90 million year-over-year. Shares of AgFeed soared on the news, gaining 13.3% to $5.11. [More]Of course, there is this to keep in mind.
3 comments:
If our government subsidized our pork industry like theirs we would have made money too.
Jon:
The Chinese subsidies are relatively new, but your point is taken. I would hesitate to ratify the position that subsidies would be the profit answer for US producers - especially longer term.
I agree whole 100%, I don't want susidies to be what causes profit for my operation. The Chinese though have used the H1N1 scare to prop the own industry up by shutting us off from trade. And they have also used direct susidies to encourage pork production.
If I had any money left in my IRA I would consider investing in the comany, if you can't beat'em join'em.
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