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
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
US at Disadvantage in Japan Trade Deal
Harrington's Sort and Cull
Shaw: Under the Agridome
The Market's Fine Print
Chick-fil-A Seeks Antibiotic-Free Meat
European Farmers Want Trade Deal
Big Mac Marketing
Big Mac Marketing
Wooing Millenials
Harrington's Sort and Cull