The world’s largest processor and marketer of chicken, beef, and pork Tyson Foods Inc., has reported a wider-than-expected loss in the third quarter, ended July 1. According to the company, results were impacted by one-time charges and losses in the chicken and beef sectors.

Losses for the quarter ended July 1 totalled $52 million, compared with a profit of $131 million during the same period in 2005.

Revenue dropped 5% to $6.38 billion, from $6.71 billion last year.

Beef results rose in May and June, but not substantially enough to offset April’s performance.

The company, which has embarked on a $200 million cost savings plan, blamed the oversupply of meat on the market, as the industry continues to face falling demand partly due to persistent fears over Avian influenza.