# Tyson Foods raises profit outlook as chicken builds momentum

> 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%.

- Date: 2024-05-07 · published 2024-05-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30389-tyson-foods-raises-profit-outlook-as-chicken-builds-momentum
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Tyson cutting chicken production to match demand signals tighter broiler supply, which can support chicken prices and reduce demand for chicken-based feed inputs.

## Read by commodity

- CHICKEN: bullish ▲

## Sources

- just-food.com: https://www.just-food.com/news/tyson-foods-raises-profit-outlook-as-chicken-segment-builds-momentum/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.