Record margins boost beef business for Tyson
06/08/2019
Between September 2018 and the end of June this year, Tyson’s beef business brought in almost $12 billion. While this figure indicates an increase of 1.3% compared to the same months in the previous business year, the group pointed out that “record beef margins” in the final part of 2018 meant its earnings from this segment increased by more than 6% year on year. Fed cattle costs and increased operating and labour costs have gone up in 2019.
Sales volumes of beef increased because of improved availability of cattle supply, Tyson said, and stronger demand for its beef products.
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