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Ahead Of Bell: Analysts Assess Swine Flu Outbreak
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NEW YORK (AP) — Some estimates for Smithfield Foods Inc. and Tyson Foods Inc. were lowered by a JPMorgan analyst on Monday, partly on swine flu outbreak concerns.
Ken Goldman said he dropped some the two pork processors' quarterly estimates on consumer worries, but also because of softer pork processing margins.
"Though there is no evidence that swine flu can be obtained by eating pork, the fear generated by a disease named after hogs cannot be good for pork consumption," he wrote in a client note. ...
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