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Tyson Foods reported a better-than-expected fourth quarter, with sales up 20% driven by higher average prices. The company said it achieved a 13% price improvement for the fiscal year and a 24% increase in the fourth quarter.
Tyson cited record cattle price increases of about 20% and higher grain costs during the year.
Tyson's pricing gains and cited cost pressures reflect tight protein markets and higher grain and cattle costs, supporting feed demand and cattle prices.
foodnavigator.comElizabeth CrawfordNov 16, 2021After 268 past bullish report events, Live Cattle moved a median +0.3% over 5 sessions (58% higher; middle half -0.7% to +1.4%), and +1.7% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
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.
