Tue, Jun 11, 2013
Food Stock's Breakout Could Double Traders' Money by January
The global shift to more protein-rich diets has had a major impact on the food industry. Recently, a Chinese company announced its plan to buy Smithfield Foods (NYSE: SFD), the world's No. 1 pork producer, for $4.7 billion.
The impact of changing diets extends far beyond meat though. Even a moderate increase in pork, chicken and beef consumption in China and emerging markets radically alters the demand equation for the grains grown to feed livestock.