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Tyson Foods , the world's largest meat company, reported a profit Monday of $68 million for its latest quarter, a number that indicates the company is pulling out of the doldrums.
Timothy Ramey, senior research analyst at D.A. Davidson & Co., told CNBC’s “Squawk on the Street” that the Tyson Foods-ConocoPhillips deal to produce biodiesel from animal fat will plump Tyson’s bottom line.
Stocks are lower after consumer prices rose more than expected in January.
Japan said it will suspend imports from a Tyson Foods meat plant that had shipped two boxes of beef from cattle that exceeded Japan's age limit of 20 months or younger.
The world's largest meat processor reported a quarterly profit, ending a string of three consecutive quarterly losses and topping results from a year ago.
As we've reported--New York became the first city in the U.S. to ban trans-fats in restaurant food. But the ban will affect companies with a reach far beyond the Five Boroughs. Wendy’s International, McDonald’s, Kraft and Kellogg will all have to adjust as a result – at least in the near term – at the expense of their P&L sheets.
Top U.S. hog and pork producer. Smithfield Foods Inc. reported lower-than-expected quarterly earnings on Thursday due to a weak market for fresh meat, and shares fell sharply as a result.The Smithfield, Virginia-based company, which also is amajor beef producer and a partner in a large turkey operation,warned of higher meat prices ahead if prices for corn, animportant feed, keep increasing.