Tyson 3Q profit falls on lagging chicken business
The Associated Press
SPRINGDALE, Ark. --Tyson Foods Inc. said Aug. 8 that its profit fell 21 percent for its third fiscal quarter on higher grain costs and lagging results from its chicken business.
An oversupply in the poultry industry has kept prices depressed. Poultry demand has remained stubbornly low as cash-strapped families cut back on restaurant dining and prepared meals that once underpinned chicken sales.
At the same time, the cost of feeding a chicken has soared more than 10 cents a pound since 2009 because of sharply higher. . .
Register or Login to keep reading
Thank you for your interest in accessing the complete content. To continue reading, please register for free. By registering, you'll gain full access to our valuable resources, updates, and insights.
If you already have an account please Log In.
