Increased cattle supply makes an impact on Tyson results
08/05/2017
Sales for the second quarter were just under $9.1 billion, giving a six-month revenue figure of almost $18.3 billion. These figures represent a decline year on year of 0.9% and 0.3%.
Tyson said on announcing the figures that it was pleased with the performance of its beef segment. It said sales volumes increased for the first six months of the current fiscal year owing to “improved availability of cattle supply, stronger domestic demand for our beef products and increased exports”.
It pointed out that average sales prices for beef decreased because of this rise in the availability of live cattle and also because of lower livestock costs.
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