by Guysmarket
This is coming from Tyson’s most recent earnings a little over a week ago
Loss on chicken and pork:
Notice that sales have not changed a whole lot:
Right away, when I see something like this, I think of pricing power. If the economy was healthy, Tyson would have the power to mark up their prices.
and worse news, they’re closing down plants to cut down on costs (wsws article):
These 4 plants they plan to close down account for 10% of chicken processing.
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