Tyson: Increased Grain Costs Hurt Poultry Margins

November 10, 2008 06:00 PM
 

Pro Farmer Editors

 

Tyson Foods, Inc. reports in the 4th quarter of 2008, operating losses in their chicken production segment were largely due to higher costs, including increased grain costs. Following are highlights of their fourth-quarter fiscal year 2008 results:

  • 4th quarter 2008 Net EPS of $0.13 as compared to $0.09 last year
  • 4th quarter sales increased $627 million, or 9.5%, versus same quarter last year
  • Beef operating income was $159 million in 4th quarter 2008
  • Record Pork operating margins for the quarter of 7.5% and YTD of 7.8%
  • Chicken losses reflect significantly higher input costs, including increased grain costs of approximately $230 million for the quarter and $600 million YTD

Link to full release details by Tyson.


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