Tyson Foods Archives - Manitoba Co-operator

Tyson Foods raises prices, scrambles to keep up with inflation

By Praveen Paramasivam, Tom Polansek August 24, 2021

Reuters – Tyson Foods cannot increase prices for chicken and prepared foods fast enough to keep pace with rising costs for raw materials like grain, chief executive Donnie King said Aug. 9, after the company reported higher-than-expected quarterly earnings. The meat company lifted its 2021 revenue forecast due to strong beef demand as sales of

News

Tyson Foods says 5,400 employees take COVID-19 shots after vaccine mandate

Company expects to lose some employees, citing mixed reaction

By Reuters August 23, 2021

About 5,400 Tyson Foods Inc. employees have been fully vaccinated against COVID-19 or received their first shots since the meat processor ordered its entire U.S. workforce to be vaccinated by November, the company said. Major U.S. companies are changing policies on vaccinations and masking as the Delta variant of the coronavirus drives a resurgence of

Meatpacker Tyson Foods mandates Covid vaccines for workers

By GFM Network News August 3, 2021

Reuters – Tyson Foods Inc said on Tuesday it was mandating COVID-19 vaccinations for its entire workforce, joining a growing list of major U.S. companies as they face renewed pandemic restrictions due to the fast-spreading Delta variant. Surging COVID-19 cases and new guidance from the U.S. Centers for Disease Control and Prevention (CDC) that requires

Markets, News

Tyson Foods shares drop as quarterly sales miss estimates

By Praveen Paramasivam, Tom Polansek February 22, 2021

Tyson Foods reported lower-than-expected first-quarter sales on Feb. 11. amid weak meat demand at restaurants during the pandemic. The biggest U.S. meat company by sales expects demand will improve as COVID-19 vaccinations prompt people to eat out more often. So far, though, increased meat sales at grocery stores have not been enough to offset the

News

Lawsuit says Tyson Foods misled shareholders about COVID-19 protocols

By Jonathan Stempel February 16, 2021

Reuters – U.S. meat and poultry processor Tyson Foods was sued Feb. 2 for allegedly defrauding shareholders with misleading disclosures about its ability to combat the spread of the coronavirus in its facilities. The lawsuit, which seeks class-action status, was filed in Brooklyn federal court by Mingxue Guo, who lives in Canada, and seeks unspecified

Markets, News

Tyson Foods workers to replace some federal inspectors at U.S. beef plant

By Tom Polansek November 10, 2020

Reuters – Tyson Foods plans in January to replace more than a dozen federal inspectors at a large Kansas beef plant with company employees, after getting a U.S. government waiver. Tyson said the changes would improve food safety and efficiency, though some activists are worried they could result in less oversight. The country’s highest-selling meat

Tyson Foods is pinning its hopes on growth in the Chinese market after approval was granted to export product to that country.

Livestock Markets, News

Tyson Foods cleared to ship poultry to China from all U.S. plants

The company expects pork and poultry shipments to grow in the wake of swine fever

By Tom Polansek January 14, 2020

Reuters – Tyson Foods has received approval from U.S. and Chinese authorities to export American poultry to China from all 36 of its U.S. processing plants and expects to begin taking orders early next year, a chief supply chain officer for the company said. U.S. chicken companies are eager to resume sales in China after

A+W’s Beyond Meat Burger. (A+W/CNW Group)

Crops, Markets, Pulses

Tyson sells stake in Beyond Meat

By GFM Network News, Reuters April 24, 2019

Reuters — Tyson Foods said on Wednesday it had sold its 6.5 per cent stake in vegan burger maker Beyond Meat, as the No. 1 U.S. meat processor looks to develop its own line of alternative protein products. The exit comes against the backdrop of rising tensions between the two companies after Tyson CEO Noel

Crops, Pulses

A+W to launch pulseburger next month

By GFM Network News, Manitoba Co-operator Staff June 21, 2018

Canada’s second-biggest burger chain plans to roll out a new non-meat burger in the Canadian market starting in July. A+W Food Services of Canada on Thursday announced a July 9 release date for what it’s dubbed the Beyond Meat Burger at all its restaurants across the country, in what CEO Susan Senecal called “the fastest

Tyson posts better-than-expected profit, bets on chicken

By GFM Network News, Tom Polansek August 8, 2017

Reuters – Tyson Foods Inc reported stronger-than-expected quarterly results on Monday, sending its shares up 5 percent, and said it would ramp up chicken production in the face of record demand from U.S. consumers. Tyson said it spent more money on advertising and marketing for chicken in the third quarter ended on July 1, bringing

Britain, New Zealand strike free trade deal

‘Containergeddon’ drives sugar, rice shippers back to bulk vessels

Mexico won’t limit GMO corn imports from U.S., ag minister says

GFM Network News