Tyson Foods Inc plans to resume slaughtering pigs in mid-May at a Madison, Neb., pork plant damaged by fire two weeks ago, the meatpacker said on Tuesday.
Tyson Foods Inc posted a surprise second-quarter loss on Monday and cut its full-year revenue forecast on falling beef and pork prices, sending the U.S. meat packer’s shares tumbling 9% before the bell.
Tyson Foods Inc. will eliminate about 10% of corporate jobs and 15% of senior leadership roles, Chief Executive Donnie King told employees on Wednesday.
JBS USA is ending contracts with a U.S. company fined for hiring kids to clean meat plants, the unit of Brazilian meatpacker JBS SA said on Monday, adding it is bringing the work in-house at some facilities.
Tyson Foods Inc is diverting pigs from a Nebraska processing plant after a weekend fire kept the facility closed on Monday, the company and fire officials said.
China’s soybean acreage may only slightly increase this year, an official said on Thursday, suggesting output is unlikely to match last year’s jump due to soft prices.
China’s first-quarter pork output rose 1.9% from a year earlier to 15.9 million metric tons, the highest quarter in five years, after farmers sold off pigs because of a surge in disease outbreaks.
A U.S. judge on Tuesday approved a $75 million settlement between Smithfield Foods, Inc. and a class of consumers who accused the pork producer of conspiring to restrict supply in order to keep prices artificially high.
A federal appeals court said Louisiana can enforce a state law forbidding companies from intentionally using misleading meat-like terms (i.e. sausage) when selling plant-based food, reversing a lower court ruling.
