tyson foods

Tyson Foods Reports Sales Slump

Dan Economy, Pork

Reduced domestic and international demand for pork is hitting Tyson Foods, one of the nation’s top pork producers. The Arkansas-based meatpacker reported this week that the company earned approximately $25 million from its pork business for the three months ending on July 3. That’s about 63 percent lower than the same quarter in 2021. The company reports that China, the …

big four

Four Meatpacker CEOs to Testify at Congressional Hearing

Dan Beef, Cattle, Legislative, Marketing, Regulation

The four CEOs of Cargill, Tyson Foods, JBS, and National Beef Packing have agreed to testify before Congress. Reuters says the meatpacker bosses will discuss cattle markets and price increases for consumers. House Ag Committee Chair David Scott says it’s important to find out why prices have dropped for ranchers and risen for consumers. “In addition to the CEO panel, …

meat prices

Soaring Meat Prices Boost Tyson Profits

Dan Beef, Economy

Rising meat prices helped Tyson Foods overcome COVID-related labor shortages at its plants. The top U.S. meatpacker reported a stronger-than-expected quarterly profit this week and forecast improving revenue for the year ahead. The Arkansas-based company reported a double-digit jump in sales and earnings in the fourth quarter of its fiscal year that ended on October 2. That includes a record …

tyson

Tyson Foods, Unions Reach Deal on COVID-10 Vaccine Mandate

Dan Coronavirus, Labor and Immigration

Tyson Foods says that labor unions agreed to support its requirement for U.S. employees to be vaccinated against COVID-19 by November. Reuters says the company will offer new benefits to workers including paid sick leave. Companies like Tyson have been trying to give employees incentives to get vaccinated through bonuses and other benefits as the Delta Strain pushes case numbers …

poultry

Tyson Agrees to Price-Fixing Settlement

Dan Industry News Release, Poultry

(NAFB) — Tyson Foods this week agreed to $221.5 million to settle claims related to price-fixing lawsuits. The settlements are with three consumer and commercial purchasing groups who bought chickens directly from Tyson and require a federal judge’s approval. Tyson did not admit liability in agreeing to settle and said the payments will be reflected in its first-quarter financial statements, …

tyson

Tyson to Reopen Kansas Beef Plant Next Month

Dan Beef, Cattle, Industry News Release

(NAFB) — Tyson will reopen a Kansas beef processing facility next month, following repairs prompted by an August fire that disrupted operations at the facility. This week, Tyson announced repairs at the Holcomb, Kansas facility are nearly complete, and efforts to resume beef processing are planned for the first week of December. The company expects the plant to be fully …

cattle

Call For Investigation into Cattle Markets

Dan Beef, Cattle

It’s been noted that after the recent fire at Tyson Foods facility in Holcomb, Kansas, the beef processor has boosted margins for other processors. The Tyson Foods facility represents about five percent of the U.S. daily slaughter, or roughly 6,000 head of cattle. The fire did cause the facility to close until repairs are made. But according to Reuters, the …

tyson

Animal Activist Groups Target Tyson Again Over Contract Growers

Dan Industry News Release, Labor and Immigration, Poultry

The activist group Mercy for Animals is going after Tyson Foods again, but this time it’s not about the chickens. It’s in regards to Tyson’s treatment of its contract growers. The Atlanta Journal-Constitution says Mercy for Animals is launching a four-billboard campaign in northern Georgia seeking anonymous reports from contract farmers about Tyson Foods. The relationship between growers and the …

tyson foods

Tyson Foods and Auburn University Partner to Build First Stand-Alone Solar-Powered Poultry House

Dan Energy, Industry News Release, Poultry

Off-the-grid broiler poultry house will be key to informing sustainable energy practices at scale Auburn University’s National Poultry Technology Center (NPTC), a leader in poultry housing and associated technologies for more than a decade, and Tyson Foods Inc. (NYSE: TSN) announced the opening of the largest stand-alone solar powered poultry house to be operated completely off the grid. The 54-foot …

Tyson, Merck Fund Poultry Research Facility

Jim Rogers Industry News Release

Merck Animal Health and Tyson Foods are providing funding to Texas A&M University’s College of Agriculture and Life Sciences’ Poultry Science department to build a new research facility. Meat industry publication Meatingplace reports the two companies have provided a $500,000 gift for the laboratory where scientists will focus on solving intestinal health issues in poultry. A University spokesperson says the …