Tyson Foods Archives - Page 2 of 8 - Manitoba Co-operator

Tyson Foods rolls back ‘no antibiotics ever’ label

By Chandni Shah, Shivani Tanna July 14, 2023

Reuters – Tyson Foods is reintroducing certain antibiotics to its chicken supply chain and will drop its “no antibiotics ever” tagline from company-branded chicken products, a spokesperson said July 3. The change will involve drugs that the company said are not important to human health. The antibiotics that Tyson plans to add to some of

News

Tyson Foods announces layoffs

By Tom Polansek June 23, 2023

Reuters – Tyson Foods, which is seeking to cut costs, will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, the company confirmed June 13. The company said it will eliminate 177 positions from an office in downtown Chicago and 51 positions in Downers Grove, a suburb of

"We are feeling the
fallout of those
decisions that were
made in 2020, and we’ll
continue to do so until
we see a new normal
develop.”

Livestock Markets, News, US Markets

Meat industry hits hard times

Inflation, high interest rates and high input costs are catching up to sector

By Don Norman May 26, 2023

The meat industry, particularly pork, is facing tough times as inflation catches up with demand. There’s been a torrent of bad news in the meat sector in the last two months. Tyson Foods reported its first quarterly loss since 2009; HyLife’s processing plant in Windom, Minn., declared bankruptcy; Smithfield Foods is closing 40 sow farms

Tyson’s costs to buy live cattle increased $305 million from last year.

News

Tyson Foods shares plunge

Deflated demand, inflated costs lead to surprise loss

By Granth Vanaik, Tom Polansek May 18, 2023

Tyson Foods Inc. shares plunged 16 per cent to a three-year low May 8 as the U.S. meatpacker posted a surprise second-quarter loss and cut its full-year revenue forecast amid slowing consumer demand. The weaker than expected results indicate cash-strapped shoppers are cutting back on meat spending in a high-inflation environment, while a shrinking cattle herd forces Tyson to pay more for

Markets

Tyson Foods plant closure raises antitrust concerns among US farmers, experts

By GFM Network News, Leah Douglas, Tom Polansek March 24, 2023

Reuters – Tyson Foods Inc TSN.N gave its chicken suppliers two months’ notice of its plan to shut a Virginia processing plant in May, raising concerns among farmers and legal experts about the company’s compliance with antitrust regulations requiring it to give 90 days’ notice before ending a contract. The planned closure of the plant has left

Markets

Tyson Foods ‘hit in the mouth’ on meat supplies, CEO says

By Deborah Mary Sophia, Tom Polansek February 21, 2023

Reuters – Tyson Foods took a “hit in the mouth” as larger-than-expected beef and pork supplies weakened demand for its chicken, executives said February 6, as the meatpacker missed Wall Street estimates for quarterly profit. The company’s primary markets — beef, pork and chicken — went the opposite direction from what executives had planned and

News

Tyson Foods ends COVID-19 vaccine mandate for employees

By Tom Polansek November 25, 2022

Reuters – Tyson Foods has confirmed it eliminated a requirement that employees receive COVID-19 vaccinations, a step the company said improved meatpacking operations after plants closed in 2020 due to outbreaks among workers. The biggest U.S. meat company by sales lifted the mandate on Oct. 31, one year after imposing it, according to a report

News, Other

Tyson Foods CFO arrested for public intoxication, trespassing

By Reuters November 17, 2022

Tyson Foods Chief Financial Officer John R. Tyson, 32, was arrested for criminal trespassing and public intoxication in Fayetteville, Arkansas, on Nov. 6, according to a police report. A college-aged female was alarmed to find Tyson, who she did not know, asleep in her bed upon returning home, according to the Fayetteville police report. The

Markets, News

Tyson Foods misses earnings, warns of supply constraints

By Praveen Paramasivam, Tom Polansek August 22, 2022

Reuters – Tyson Foods shares fell 10 per cent on Aug. 8 as the U.S. meat processor reported weaker-than-expected quarterly earnings and warned of supply constraints and reduced demand for high-priced beef. The sell-off left shares down about eight per cent for the year and 20 per cent from an all-time high reached in February.

Tyson Foods ignoring subpoena for meat price gouging probe, NY attorney general says

By GFM Network News, Jonathan Stempel August 4, 2022

New York | Reuters – Tyson Foods Inc TSN.N, one of the largest U.S. meat producers, is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, New York’s attorney general said on Wednesday. Letitia James, the attorney general, asked a state judge in Manhattan to require

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Daily Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Tag Archives Tyson Foods

Tyson Foods rolls back ‘no antibiotics ever’ label

Tyson Foods announces layoffs

Meat industry hits hard times

Tyson Foods shares plunge

Tyson Foods plant closure raises antitrust concerns among US farmers, experts

Tyson Foods ‘hit in the mouth’ on meat supplies, CEO says

Tyson Foods ends COVID-19 vaccine mandate for employees

Tyson Foods CFO arrested for public intoxication, trespassing

Tyson Foods misses earnings, warns of supply constraints

Tyson Foods ignoring subpoena for meat price gouging probe, NY attorney general says

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