Tyson Food: Trade Wars Involve Pork And Chicken Business

- Aug 08, 2018 -

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According to foreign media reports, Tyson Foods, one of the world's largest producers and suppliers of chicken, beef and pork, announced on Monday that due to the increase in exports and supply of slaughtered cattle, Tyson Foods third quarter The operating income of the beef business reached a record high.

The strong demand for beef offset the decline in the performance of the Tyson Foods pork and chicken business unit. Tyson Foods said recently that the US trade dispute with its trading partners including China and Mexico has adversely affected the company's pork and chicken business. Tyson Foods shares rose 2.6% to $59.28 in the market outlook, but still fell 27% for the year.