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Buyout plan called market hog

Cattlemen's group out to block Pilgrim's, JBS merger

Posted: October 4, 2009 at 6:05 a.m.

Workers at a cold storage plant in Brazil.

Pilgrim's Pride Corp.'s recently filed bankruptcy reorganization plan is a recipe to cook up a protein-market bully that would drive live cattle prices down for suppliers and consumer costs up for meat, an industry official says.

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Business, Pages 69, 76 on 10/04/2009

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