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The swine flu is a mutated virus and it can't transmit by eating pork. It can transmit only from human to human contact. Although the host of the virus is believed to be in Mexico the virus has spread to many countries not because of pork but coz of infected humans transmitting it to other people. You can read the facts about swine flu from http://www.cdc.gov/swineflu/key_facts.htm it's clearly mentioned that swine flu cannot spread by pork.
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dumblonde
davepamn
Pork price is tumbling, due to public misperception about swine flu originating from eating pork.
http://minnesotaindependent.com/33631/minnesota-swine-flu-h1n1-pork
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The pork industry is saying that the term swine flu is a misnomer and is hurting business.
So the prices have actually fallen. And I still think you should have voted @pats's answer as the best because it actually answered the question about prices.
http://edition.cnn.com/2009/HEALTH/04/30/pork.industry.impact/index.html?eref=rss_topstories
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| April 30, 2009 04:29 PM |
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dumblonde
May 01, 2009 03:01 AM
I don't think this answer actually answers the question. The question is not whether or not swine flu is transmissible by eating pork but whether there has been an effect on the price of pork products. And the answer is that the term swine flu has generated misinformation that in turn has negatively affected demand for pork and stock prices and pork futures have gone down in price.
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davepamn
May 01, 2009 01:37 PM
It seems the misinformation has become a reality that trading machinery must factor in. People are uncertain about the cause of Swine flu. The media has done a terrible job educating about the causes of swine flu. The commodity market must examine the demographics of the group. If a largely uneducation mass is reacting negatively to pork then the market must consider that factor.
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Other Answers (2)
April 30, 2009 03:20 PM
It's the opposite. Pork price is tumbling, due to public misperception about swine flu originating from eating pork.
http://minnesotaindependent.com/33631/minnesota-swine-flu-h1n1-pork
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April 30, 2009 03:48 PM
What is the source of the rumour? The commodities market was in chaoes from this rumour.
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May 01, 2009 12:24 AM
I think it's just misinformation people hear swine flu and they think it has to do with pigs so they decide they need to stay away from anything pig related.
People are confused about the term swine flu and don't want to eat pork! So demand has plummeted and when demand goes down the price goes down.
Anyway I think this is the best answer. I'm not sure why you picked the other one as it's just a generic explanation about the transmission of the virus and this one actually explains the price situation.
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People are confused about the term swine flu and don't want to eat pork! So demand has plummeted and when demand goes down the price goes down.
Anyway I think this is the best answer. I'm not sure why you picked the other one as it's just a generic explanation about the transmission of the virus and this one actually explains the price situation.
May 01, 2009 04:04 AM
The source of the rising price is rumour and i have tried to clear the misconceptions about swine flu. Swine flu has nothing to do with eating pork so we need to educate people.
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May 01, 2009 04:04 AM
And i thank davepamn as he is the asker and he is satisfied with the answer
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May 01, 2009 05:31 AM
While that is true, that swine flu is not spread by eating pork, the price of pork has been affected. It is falling.
It is falling because markets are influenced by information. Even wrong information. And in this case the wrong information is discouraging people from wanting to buy pork. Demand falls. Price falls. See the answer below. I include a CNN story that explains why the misinformation is influencing prices.
Just because a piece of information is false doesn't mean it can't influence a market.
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It is falling because markets are influenced by information. Even wrong information. And in this case the wrong information is discouraging people from wanting to buy pork. Demand falls. Price falls. See the answer below. I include a CNN story that explains why the misinformation is influencing prices.
Just because a piece of information is false doesn't mean it can't influence a market.
May 01, 2009 05:48 AM
How can I put this... The market reality is not the actual reality. Traders are speculating constantly. And they are speculating that the term swine flu is scaring people into not buying pork products because there is misinformation. They are predicting demand for pork will fall and that the price of pork will fall. This is why pork futures have declined in value.
Since markets rely solely on information a rumor can affect the price of a good in a very real way. So just because the reason a price is rising or falling is a false piece of information it doesn't take away from the fact that its market effect is very real.
Futures trading is essentially gambling. Traders are betting that the price of pork will fall because they see that people are scared of pork right now. The behavior people are exhibiting while not based on truth, matters. That's why the pork industry does not want the flu to be referred to as swine flu.
Say someone starts a rumor that corn is killing people. The price of corn futures will plummet because people will be scared and stop buying corn. Same thing is happening now.
If you want more information on how commodities trading works see this website http://www.investopedia.com/university/futures/futures2.asp
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Since markets rely solely on information a rumor can affect the price of a good in a very real way. So just because the reason a price is rising or falling is a false piece of information it doesn't take away from the fact that its market effect is very real.
Futures trading is essentially gambling. Traders are betting that the price of pork will fall because they see that people are scared of pork right now. The behavior people are exhibiting while not based on truth, matters. That's why the pork industry does not want the flu to be referred to as swine flu.
Say someone starts a rumor that corn is killing people. The price of corn futures will plummet because people will be scared and stop buying corn. Same thing is happening now.
If you want more information on how commodities trading works see this website http://www.investopedia.com/university/futures/futures2.asp
May 01, 2009 02:51 AM
Stock prices of companies that trade in pork have plummeted. Pork futures are raking a hit and Russia and China have banned pork imports. The pork industry is saying that the term swine flu is a misnomer and is hurting business.
So the prices have actually fallen. And I still think you should have voted @pats's answer as the best because it actually answered the question about prices.
http://edition.cnn.com/2009/HEALTH/04/30/pork.industry.impact/index.html?eref=rss_topstories
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May 01, 2009 05:27 AM
Probably because they are panicking.
CNN: China and Russia banned imports from some U.S. states and Mexico, and stock prices for the nation's leading pork companies, Smithfield Foods Inc. and Tyson Foods Inc., took a hit. In addition, hog futures took a rare dive after initial news of the outbreak broke.
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CNN: China and Russia banned imports from some U.S. states and Mexico, and stock prices for the nation's leading pork companies, Smithfield Foods Inc. and Tyson Foods Inc., took a hit. In addition, hog futures took a rare dive after initial news of the outbreak broke.
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