|
Source: NEWS & OBSERVER, 8/8/11
Tyson Foods is reporting a 21 percent drop in earnings for its third quarter, but the results beat expectations on higher pork profits. Expensive grain has wiped out profit margins for meat companies. But pork prices have risen high enough to boost profit margins in Tyson's swine division to 8.8 percent, compared to 1 percent for chicken.
For more of this story, click here.
|