# Tyson Foods shares retreat on downbeat revenue forecast | Reuters

> Tyson projected its beef business will post an adjusted operating loss of between $400 million and breakeven in fiscal 2024 due to tight US cattle supplies. Beef quarterly sales volumes fell 6.7% while prices rose 10.2%.

- Date: 2023-11-13 · published 2023-11-13T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/33109-tyson-foods-shares-retreat-on-downbeat-revenue-forecast-reuters
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tight US cattle supplies are squeezing packer margins and keeping beef prices high, which supports cattle values. Lower packer throughput points to reduced slaughter demand for cattle.

## Read by commodity

- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/tyson-foods-forecasts-downbeat-annual-revenue-slowing-meat-demand-2023-11-13/

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