US meat producer Tyson Foods reported higher-than-expected profit for its first quarter ended January 2. Its shares rose nearly 6% to a 15-month high on the back of this news.

The company’s beef and pork profits improved compared with the same period a year ago, helped by cost-cutting efforts and stronger exports. However, investors were watching closely for signs of a turnaround in its chicken operations, which have suffered from weak consumer demand and rising feed costs.

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