Tyson Profit Tops Estimates on Beef Pricing, Chicken Demand

Tyson Customers Flock to Chicken While Beef Flounders

Not all protein is created equal. In its first-quarter earnings report on Monday, meat industry titan Tyson said its beef business has continued to be hampered by a cattle shortage, leading to massive beef-flation and huge losses. Thankfully, consumers have flocked to chicken in lieu of steak, keeping the company afloat and helping it beat Wall Street’s profit estimates for the quarter. Consider it the macroeconomics of getting your macros. Slau…

Tyson Profit Tops Estimates on Beef Pricing, Chicken Demand

Tyson Foods, in a move meant to turn around the beef segment, said it would close a Nebraska beef plant and reduced a Texas facility to a single shift. The company maintained its outlook for the year.

Tyson tops earnings as chicken demand outweighs beef losses

Tyson tops earnings as chicken demand outweighs beef losses Record beef prices push US consumers toward cheaper chicken