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Re: Huggy Bear post# 824

Monday, 11/15/2010 9:56:03 PM

Monday, November 15, 2010 9:56:03 PM

Post# of 1337
HOGS buys them from hog farmers before processing and then selling to the public (just like ENHD).

OINK raises breeder hogs and meat hogs and sells them to processors and other hog farmers.

I don't get the shortage of live hogs myself. They had almost $9M in inventory at the end of the quarter.

From their 09 10k
In order to ensure a consistent supply of fresh pork to our customers, we have made agreements with approximately 6,000 pig farms in the Dalian, to supplement our usual supply of live pigs. These pig farms agreed to supply us approximately 650,000 pigs in 2009. Our suppliers have an aggregate capacity to supply us with approximately 1,100 pigs per day.

Note: Not sure how 1,100 pigs per day equates to 650k for the year.