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Tyson Foods raised its fiscal 2024 adjusted operating income guidance to $1.4-1.8bn and its chicken segment outlook to $700-900m. Chicken volumes fell 6.1% in the quarter after six plant closures, while prices were cut 2.1%.
Tyson cutting chicken production to match demand signals tighter broiler supply, which can support chicken prices and reduce demand for chicken-based feed inputs.
just-food.comSimon HarveyMay 7, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
