Real and fake meat share problems
February 6, 2023
Tyson foods Inc and Hillshire Brands Jimmy Dean sausages are shown in this photo REUTERS/Mike Blake/
Pain in the fake meat market is starting to spread to the real one
by Sharon Lam – Reuters
Shares in Tyson Foods fell nearly 6% in morning trade after the meat producer said earnings tanked over 70% year-over-year in the three months ended Dec. 31.
The Springdale, Arkansas-based company’s operating margin was squeezed to 3.5% from 11.3% in the same quarter of the previous year, partly because prices for beef inputs spiked.
“With prices along the supply chain going up, including for transportation, consumers are making other choices”
Posted in Industry
Our September 2025 Issue
In our September 2025 issue, Beef Advocacy Canada relaunches new platform, U.S. shuts the door on small exporters, The future of meat, John Deere tariff warning, Shrugging off high beef prices, Geopolitics and Bird Flu, The reshaped meat processing industry, Rethinking Ag trade, and much more!