NEWS
Tyson 2Q Net Falls 43%
Mon May 6, 2013 08:29 AM CDT

(Dow Jones) -- Tyson Foods Inc.'s (TSN) fiscal second-quarter earnings fell 43% as higher beef and chicken prices weren't enough to offset the meat processor's increased costs.

The company also lowered its full-year sales estimate to about $34.5 billion from its November forecast of $35 billion.

"Our second quarter typically is our most challenging, and this quarter was no exception," said President and Chief Executive Donnie Smith. "However, our business is structured to withstand adverse conditions, and we worked through the issues while positioning ourselves for what we believe will be a strong performance in the second half of the ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
What Now for Meat Labels?
Harrington's Sort and Cull
Head Start
Harrington's Sort and Cull