Avian Flu Updates and Tyson Earnings

2024-05-17

EPISODE 29 DETAILS TYSON NOT SURE ON BEEF HERD RECOVERY AS CHALLENGES LOOM. Tyson Foods Inc. officials said they do not have a prediction on when U.S. ranchers will begin rebuilding the nation's cattle herd after high feed costs and drought in 2023 prompted suppliers to reduce the number of cattle for slaughter. The moves resulted in tighter supplies and increased the amount Tyson pays for livestock, in addition to sending the processor’s beef segment to an adjusted operating loss of $34 million in the second quarter and a loss of $151 million for the first six months of ...

EPISODE 29 DETAILS TYSON NOT SURE ON BEEF HERD RECOVERY AS CHALLENGES LOOM.

Tyson Foods Inc. officials said they do not have a prediction on when U.S. ranchers will begin rebuilding the nation's cattle herd after high feed costs and drought in 2023 prompted suppliers to reduce the number of cattle for slaughter. The moves resulted in tighter supplies and increased the amount Tyson pays for livestock, in addition to sending the processor’s beef segment to an adjusted operating loss of $34 million in the second quarter and a loss of $151 million for the first six months of the fiscal year.

Tyson earlier this month projected an operating loss of between $40 million and $100 million for its beef business for all of fiscal 2024 in the wake of an anticipated 2% decrease in domestic beef production this year from fiscal 2023.

SCIENTISTS FIND H5N1 AVIAN FLU VIRUS IN WASTEWATER ACROSS TEXAS.

Researchers are reporting that they confirmed the presence of the virus that causes avian influenza in wastewater recently monitored in nine of 10 Texas cities. A team of scientists from Baylor College of Medicine and the University of Texas Health Sciences Center announced the findings as part of an investigation of recent H5N1 outbreaks in cattle and ferrets in recent months. Scientists are trying to determine how the H5N1 virus is spreading to dairy cows and are increasingly considering wastewater sampling programs as a main surveillance tool, according to a report on the findings from the Center for Infectious Disease Research & Policy (CIDRAP) at the University of Minnesota.