June 16, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — AgFeed Industries, Inc. (NASDAQ: FEED), a hog production and animal nutrient firm in China, said it has agreed on terms for the stocking of the first phase of its Xinyu production pod starting in the fourth quarter of 2010 with PIC, a division of Genus PLC (LSE: GNS).

According to AgFeed, the stocking will include 16,800 high health breeding females and “grand parent” stock to create a closed herd multiplication  system. AgFeed said that the CHM system is the best system available in China for maintaining high health production units.

The firm’s production pod development in Xinyu is being pursued in partnership with local government. Phase one of this development includes three 5,000 head sow farms and a boar stud to support future growth.

Phase two of the Xinyu production pod will add two more 5,000 head sow farms bringing the Xinyu total to 25,000, capable of producing over 550,000 market hogs annually.

New York-based AgFeed Industries is a U.S. company with its primary operations in China. AgFeed has two business lines — animal nutrients in premix, concentrates and complete feeds and hog production.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [bsnnssb] [exxpndgbsns] [nwdlsldw] [agrcltrtlc] [frmrnchcmrf] [chnchn] [ntrntnlcmpnsbsnss] [ftrdnwswnd]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.