7:41 EDT - Tyson (TSN) is anticipating chicken and beef struggles in the coming FY, due to costs on the former and potential supply issues for the latter.
The meat processor notes that amid the raising grain prices of late, its chicken business "will be challenged" for the year starting Sept. 30, but be profitable.
Chicken earnings happened to surge last quarter for TSN amid an 8% jump in average sales prices more than offsetting lower volume.
As for beef, the company says profit for the coming year might miss historical norms amid slightly lower cattle supplies and continued-strong exports. But pork margins are seen being at or above average...
Source: Argentine Beef Packers S.A.
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