Analysts Predict Tyson Shortfall
HIGHER GRAIN COSTS, EXCESS SUPPLIES EXPECTED TO RESULT IN LOSS
Posted: November 20, 2011 at 5:41 a.m.
Wall Street thinks Tyson Foods pocketed about $119 million in fourth-quarter profit, about half the net income earned a year ago.
Amanda Thielen, lab biologist with Tyson Foods, works in the Tyson food safety lab Thursday.
BY THE NUMBERS
TYSON FOODS
$6.98: Cost per bushel of corn in Tyson’s fourth quarter
115,000: Tyson employees worldwide
8,000: Tyson employees in Northwest Arkansas
83 pounds: Total annual U.S. per capita consumption of chicken
SOURCE: TYSON FOODS, DEPARTMENT OF AGRICULTURE
Terri Glenn, right, and Jeremy Russow, lab biologists with Tyson Foods, work inside the Tyson food safety lab Thursday on Joh...
“Processors didn’t pull back quite as quickly as they maybe should have. Conditions are as bad as they have ever been in terms of negative operating margins. From top to bottom the industry has lost about a dime per pound processed this entire year.” PAUL AHO Global economist, Poultry Perspective
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Business, Pages 9 on 11/20/2011
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