HOGS Poised to Benefit from Rising Food Prices in China

I mentioned this morning that major snow storms in China could place additional pressure on domestic Chinese food prices. I have since received several inquiries about which companies could benefit from this developing pricing dynamic pricing, and here is one answer: Let me take you back to this article on RealMoney, I published on October 9th, where I introduced Zhongpin Inc. (HOGS). HOGS is a Chinese meat and food products company, specializing in pork products. HOGS is poised to benefit from an anticipated run-up in hog prices throughout 2010, only helped by the recent snow storms. Domestic hog prices fell dramatically in 2009 due to an oversupply of pigs, but have since bottomed. HOGS has already risen roughly 15% since I first mentioned it back in October, and I think it is worth another look.