Tyson Foods Archives | Manitoba Co-operator

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

Tyson Foods beefs up prepared foods with AdvancePierre buy

By GFM Network News, Reuters April 25, 2017

Reuters – Tyson Foods Inc, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings Inc for about $3.2 billion in cash, to expand its fast-growing portfolio of prepared food brands. Demand for meat-based snacks has been growing as Americans shun candy and overly processed foods. This

(Stephen Ausmus photo courtesy ARS/USDA)

Livestock

Tyson accelerates shift away from antibiotics in chicken

By GFM Network News, Tom Polansek February 21, 2017

Chicago | Reuters — Tyson Foods in June will switch its retail line of company-branded chicken products to birds raised without any antibiotics, a top executive said on Tuesday, accelerating the meat sector’s shift away from the drugs. The change will make Tyson, which is the largest U.S. chicken processor, into the world’s leading producer

Livestock, News, Poultry

USDA faces backlash over proposed rules

Chicken processors are crying foul over moves aimed to protect producers

By Tom Polansek January 3, 2017

The U.S. Department of Agriculture proposed rules Dec. 14 it said will help protect chicken producers from mistreatment by the small group of meat companies that control most of the country’s production. With only a few weeks left to the Obama administration, the agency clarified that individual farmers who feel they have been treated unfairly do

Ex-GFO CEO to manage Seeds Canada

Tory MP’s bill on farm transfer tax treatment moves ahead

Forecast, flea beetles complicate canola timing

GFM Network News