Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- Increased demand for chicken helped Tyson Foods beat expectations for second-quarter profits. The meat company reported income of US$312 million in its chicken business in the second quarter, which compares with US$160 million the same quarter a year ago. Meanwhile, rising beef prices led to an operating loss of US$149 million in Tyson’s beef business, from US$34 million in the second quarter of 2024. Tyson said that tariffs may lead to some sales disruptions and that exports account for less than 10 per cent of its business.
Read Also
Global Markets: Chevron secures major win
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Saudi Arabia’s trade deficit widened to US$15.65 billion in the first quarter of 2025, from US$3.30 billion the previous year as oil revenues fell by 18 per cent to US$39.95 billion, its finance ministry reported.
- Soybean, corn and wheat futures in the U.S. were softer to start the week, with relatively favourable Midwestern weather and ongoing uncertainty over U.S. trade policies weighing on values.
- Malaysian palm oil futures continued a downtrend that started last week on Monday, with strength in the country’s currency making exports less competitive. Expectations for rising inventories were also overhanging the market.
