Tyson Foods reported fiscal 2020 fourth-quarter and full-year results, with GAAP EPS of $5.86 for the year and fourth-quarter adjusted EPS of $1.81 on a 13-week basis. The company said results were hit by about $540 million of direct COVID-19 costs.
Tyson's earnings reflect strong processing margins for the largest US protein company, but company results alone do not shift grain or feed price fundamentals.
After 78 past neutral report events, Live Cattle moved a median +0.2% over 5 sessions (54% higher; middle half -1.0% to +1.0%), and +0.7% over 20.
After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
Not 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.