Tyson Foods Archives - Page 2 of 4

Tyson Foods shares sink on worries over consumer demand, third quarter

By Granth Vanaik, Tom Polansek May 6, 2024

Reuters – Tyson Foods TSN.N shares were on track for their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts’ estimates, though profits […] Read more

General, Livestock, Reuters

Tyson Foods to close Iowa pork plant with 1,200 workers

Packer's pork business saw loss of $128 million in last fiscal year

By Reuters, Tom Polansek, GFM Network News March 11, 2024

Tyson Foods will permanently close a pork plant in Perry, Iowa, the meatpacker said on Monday, eliminating jobs for about 1,200 workers.

Livestock, Reuters

Tyson Foods, Cargill idle Kansas beef plants due to snowstorm

Blizzards shut down roads, stranded some workers at packing plants overnight

By Reuters, Tom Polansek, GFM Network News January 9, 2024

Tyson Foods and Cargill said on Tuesday they suspended operations at beef plants in Kansas due to a massive snowstorm, reducing U.S. meat production.

Markets, Reuters

Tyson Foods plant closure raises antitrust concerns among US farmers, experts

By Leah Douglas, Tom Polansek, GFM Network News March 24, 2023

Reuters – Tyson Foods Inc TSN.N gave its chicken suppliers two months’ notice of its plan to shut a Virginia processing plant in May, raising concerns among farmers and legal experts about the company’s compliance with antitrust regulations requiring it to give 90 days’ notice before ending a contract. The planned closure of the plant has left […] Read more

Reuters

Tyson Foods ignoring subpoena for meat price gouging probe, NY attorney general says

By jonathan-stempel, GFM Network News August 4, 2022

New York | Reuters – Tyson Foods Inc TSN.N, one of the largest U.S. meat producers, is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, New York’s attorney general said on Wednesday. Letitia James, the attorney general, asked a state judge in Manhattan to require […] Read more

Reuters

Meatpacker Tyson Foods mandates Covid vaccines for workers

By Aishwarya Venugopal, GFM Network News August 3, 2021

Reuters – Tyson Foods Inc said on Tuesday it was mandating COVID-19 vaccinations for its entire workforce, joining a growing list of major U.S. companies as they face renewed pandemic restrictions due to the fast-spreading Delta variant. Surging COVID-19 cases and new guidance from the U.S. Centers for Disease Control and Prevention (CDC) that requires […] Read more

Strong demand has made beef the protein of choice for most American consumers.

Markets, News, Prime cuts

Rising tide raises all boats

Prime Cuts with Steve Kay

By Steve Kay December 23, 2019

The old saying that a rising tide raises all boats is especially apt in the U.S. beef industry right now. Stronger than expected domestic beef demand has raised cash live cattle prices above their levels of the week of Tyson Foods’ Holcomb, Kansas, fire on August 9. Live prices, based on USDA’s five-area region, averaged […] Read more

Manitoba's auction markets are now closed to non-essential personnel.

Markets, News, Prime cuts

Tyson Foods fire creates ripple effect in cattle markets

Prime Cuts with Steve Kay

By Steve Kay October 8, 2019

The North American cattle and beef industry has endured “weather” and BSE-related markets but never a “fire” market such as resulted from the fire at Tyson Foods’ Holcomb, Kansas plant on August 9. The fire took out more than 30,000 head per week of capacity for several months. The loss is most directly having an […] Read more

Comment, News

Comment: Tyson plant fire burns a hole in U.S. cattle slaughter capacity

By Lisa Guenther September 9, 2019

On August 9, a fire closed Tyson Food’s beef packing plant near Holcomb, Kansas. Drover’s Daily reports that the plant’s operations manager made the call to the fire department at 8:35 p.m. that evening. Later that night, an alert from the Garden City fire department stated that roof collapse was imminent, as the fire had […] Read more

A variety of factors produced record profits for all processors of fed cattle last year.

Markets, News, Prime cuts

Beef packers enjoy purple profit patch

Prime Cuts with Steve Kay

By Steve Kay May 27, 2019

North American beef processors are enjoying an extended period of profits that is unprecedented in the industry’s history. Packers on both sides of the border are seeing margins that would have been unthinkable five years ago. U.S. packers racked up record profits in 2017, surpassed them in 2018 and are on track for more records […] Read more

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Tag Archives Tyson Foods

Tyson Foods shares sink on worries over consumer demand, third quarter

Tyson Foods to close Iowa pork plant with 1,200 workers

Tyson Foods, Cargill idle Kansas beef plants due to snowstorm

Tyson Foods plant closure raises antitrust concerns among US farmers, experts

Tyson Foods ignoring subpoena for meat price gouging probe, NY attorney general says

Meatpacker Tyson Foods mandates Covid vaccines for workers

Rising tide raises all boats

Tyson Foods fire creates ripple effect in cattle markets

Comment: Tyson plant fire burns a hole in U.S. cattle slaughter capacity

Beef packers enjoy purple profit patch

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