DALLAS, June 1, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring AgFeed Industries Inc. (Nasdaq:FEED). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/FEED
AgFeed Industries Inc. (FEED) is engaged in the animal nutrition premix, concentrate and complete feeds business and commercial hog production business in China through its operating subsidiaries. It operates in two segments: animal feed nutrition and hog production. The Company's animal nutrition business consists of the research and development, manufacture, marketing and sale of premix, concentrate and complete feed for use in the domestic animal husbandry markets almost exclusively for hog production in China. The Company has been almost exclusively in the premix feed business since 1995 and now operates five premix, concentrate and complete feed manufacturing facilities located in the cities of Nanchang, Shandong, Shanghai, Nanning and Hainan. The Company entered the hog breeding and production business in November 2007. In this business, FEED mainly produces hogs for processing and sell breeding stock.
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In the report, the analyst notes:
"FEED had revenues of $52.86 million for the three months ended March 31, 2010, compared to revenues of $33.43 million for the three months ended March 31, 2009. The Company attributed the 58.1% growth to expanding market share in its feed business and the production of its hog farm."
"FEED's revenue growth came in despite a challenging operating environment. FEED president Junhong Xiong stated in a press release that the average hog price for the first quarter of 2010 was 11% less than the first quarter of last year. Additionally, many of the Company's customers are struggling to deal with increased feed prices due to the high cost of corn."
To read the entire report visit: www.microstockprofit.com/lp/FEED
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