Bullish Tyson reports a fall in beef sales in Q2 - leatherbiz: Leading Leatherbiz

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Bullish Tyson reports a fall in beef sales in Q2

14/05/2014
Tyson Foods, the US’s largest meat producer, has reported record sales for the second quarter at $9 billion, 8% higher than in the same period last year.

Its beef sales fell in volume - due to a reduction in live cattle processed as a result of reduced exports - but rose in value as the availability of domestic cattle declined, driving up livestock costs.

It earned $3.8 billion from beef in the quarter, up from $3.4 billion last year.

"We had a record second quarter, which is a testament to our great team and our balanced multi-protein, multi-channel, multi-national business model," said Donnie Smith, Tyson’s CEO. "Our second quarter is usually our most challenging. We had a lot to overcome, including a harsher than normal winter, but I'm satisfied with the results.”

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Cargill’s profits plummet but beef division fares well 13/08/2014
US beef exports rise again 06/06/2014
Tyson’s Zilmax ban could lead to higher beef prices 09/08/2013
Tyson targets Brazil expansion 30/06/2010
Tyson Foods beats expectations 09/02/2010
Tyson’s profits plunge 29/01/2008
Tyson set to cut the workforce by half at Emporia plant 28/01/2008

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