Stephens Inc. analyst Farha Aslam has raised her 2009 earnings forecasts for Tyson Foods, reports The analysts improved outlook is based on an optimistic view of profitability in its pork, beef and prepared foods businesses.

Aslam sees fiscal 2009 earnings of 24 cents per share, up from 16 cents per share earlier. For fiscal 2010, she raised her forecast by a penny to 95 cents per share, expecting strong improvement in chicken profitability driven by lower feed costs.

Aslam now expects Tyson to realize fourth quarter pork margins of 4.5 percent, up from 3.6 percent earlier and compared to 7.5 percent last year. Pork prices have rallied over the past month while hog prices have remained depressed, which is positive for Tyson because it buys hogs and sells pork.

Aslam raised her forecast for Tyson's fiscal fourth quarter beef operating margins to 2.6 percent from 1.6 percent earlier and compared to 5.4 percent a year ago.

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