A reintroduction of certain antibiotics to Tyson's chicken supply chain could help the company forecast supply and demand by producing more uniform birds with consistent weights, King said.
Because that’s what consumers really want: chickens raised in such filthy conditions that they have to be fed antibiotics their entire lives. Yummy!
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Aug 7 (Reuters) - Tyson Foods (TSN.N) missed Wall Street expectations for third-quarter revenue and profit on Monday, hurt by falling chicken and pork prices as well as slowing demand for its beef products.
Shares sank about 8% as the company said it is evaluating all operations and closing four more U.S. chicken plants in the latest bid to reduce costs.
Tyson has already cut corporate jobs and shuttered other chicken plants this year as it struggles with declining profits and reduced demand from consumers squeezed by inflation and higher interest rates.
"Chicken, beef and pork all face different types of macro and market challenges," Chief Financial Officer John R. Tyson said in an interview.
Last year, the company wrongly predicted demand for chicken would be strong at supermarkets in November and December, King has said.
In the beef business, Tyson faces reduced profit margins as a diminishing U.S. cattle herd raises costs for livestock.
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According to this article:
Last year, the company wrongly predicted demand for chicken would be strong at supermarkets in November and December, King has said.
Also in 2022:
If our planet Earth is to continue feeding us in the future, rich countries must significantly reduce their meat consumption -- ideally by at least 75 percent
Because that’s what consumers really want: chickens raised in such filthy conditions that they have to be fed antibiotics their entire lives. Yummy!
🤖 I'm a bot that provides automatic summaries for articles: ::: spoiler Click here to see the summary Aug 7 (Reuters) - Tyson Foods (TSN.N) missed Wall Street expectations for third-quarter revenue and profit on Monday, hurt by falling chicken and pork prices as well as slowing demand for its beef products.
Shares sank about 8% as the company said it is evaluating all operations and closing four more U.S. chicken plants in the latest bid to reduce costs.
Tyson has already cut corporate jobs and shuttered other chicken plants this year as it struggles with declining profits and reduced demand from consumers squeezed by inflation and higher interest rates.
"Chicken, beef and pork all face different types of macro and market challenges," Chief Financial Officer John R. Tyson said in an interview.
Last year, the company wrongly predicted demand for chicken would be strong at supermarkets in November and December, King has said.
In the beef business, Tyson faces reduced profit margins as a diminishing U.S. cattle herd raises costs for livestock. :::
According to this article:
Also in 2022:
So it was not only poor foresight, but also betting people would be putting the environment at even more risk by increasing meat consumption.
Can't say I feel bad for Tyson. But sadly workers will suffer from plants closure caused by bad planning.