Commodities - The Coming Bull Market Message Board

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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: Thomas M. who wrote (125)	6/6/2001 11:51:05 AM
From: craig crawford	Read Replies (1) of 1643

Wednesday June 6, 11:42 am Eastern Time Pork Demand Spices Smithfield Earnings biz.yahoo.com By David Bailey CHICAGO (Reuters) - Smithfield Foods Inc. (NYSE:SFD - news), the No. 1 U.S. pork producer, on Wednesday said fiscal fourth-quarter earnings rose sharply as strong demand for fresh pork sparked a surge in profitability for its meat-processing group. Luter told analysts in a conference call that the outbreak of foot-and-mouth disease in the European Union ``had a slight positive impact'' on Smithfield's profits. The outbreak led to a ban on meat imports to the United States and raised demand for pork exports slightly, he said. Christine McCracken, senior food and agriculture analyst at Midwest Research, said Smithfield's outlook may get a little tougher as focus shifts to whether the pork market will go through difficulties similar to calendar 1998, when prices fell because of an oversupply of hogs. (excerpts)

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