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
  • Xtend Moves Forward USDA has issued its final environmental impact statement recommending full deregulation of Monsan...
  • Land Market What could the next year hold for land values?
  • No Agreement on Tax Extenders White House spokesman Josh Earnest on Monday said in his daily briefing that the White House woul...
  • Senior Partners - 4 At-your-service consultants help you walk through estate planning from start to finish.
  • Dow's Gutsy Decision Dow's decision to launch Enlist offers some hand-selected growers a chance to test drive new tech...
  • Congress Reaches Funding Deal The overall Agriculture Department and related agencies bill would cost $20.5 billion for fiscal ...
  • Need To Bee Accurate A news story had the wires buzzing Tuesday afternoon after a report that EPA was set to restrict ...
  • Kub's Den The Dakotas lost more than $130 million in grain revenue during the 2013-14 marketing year compar...
  • Ask the Vet What can I do to improve udder quality in my herd?
Related News Stories
Harrington's Sort and Cull
Russia Bans Poultry From US
Cargill Recalls W. Canada Ground Beef
Building a Beef Co-Op
U.S. Appeals COOL WTO Ruling
What Now for Meat Labels?
Harrington's Sort and Cull
Head Start