John Tyson
John Tyson
beef boxed capacity cattle declining effect export high low lower negative prices sales segment suffered worse
The beef segment suffered from low capacity utilization and declining boxed beef prices. The negative effect of high live cattle prices and lower sales was made worse by interruptions in export markets.
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It makes good business and social sense for our company to help power not only the United States Olympic Committee but also the dreams, aspirations and preparations of the U.S. Olympic athletes. We'll be an active sponsor, providing support to future U.S. Olympians at the grassroots level and building awareness of the important role protein plays in a healthy and balanced diet for people at all levels of the activity spectrum.
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We regret the disruption the closings will cause our team members and these two outstanding plant communities, which both have a long history in the meatpacking industry.
accounting cash complete continues determine effect impossible matters offer resolve tender work
Unfortunately, it will be impossible to complete the cash tender offer by the 28th. IBP continues to work with the SEC to resolve their accounting issues. After that work is complete, we will determine what effect these matters will have on our deal.
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We're saddened by the devastation left by this powerful storm and have joined others across the country in the effort to help those people whose lives have been disrupted,
buying cattle continue decision freedom gratified livestock market means practices producers proves supreme
We are gratified by the Supreme Court's decision in this case. This means U. S. cattle producers will continue to have the freedom to market cattle the way they want. It also proves our livestock buying practices are proper.
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We recognize the importance of being a responsible corporate citizen. This report charts our efforts as we seek to do what's right for all our stakeholders. It describes precisely how we provide safe food to the marketplace, serve as stewards for the animals, land and environment and act as partners in our communities. It also explains how we treat people, including our Team Members, consumers, suppliers and the communities where we live and operate.
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We're excited about proceeding with this project, which represents another monumental step in the evolution of our case ready meats business,
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We are satisfied that IBP's accounting issues have been resolved, and have every confidence in (IBP's) management team, ... We look forward to their contribution as we work together to run the world's premier protein provider.
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All of his other body systems have stabilized very nicely, his kidneys have recovered nicely and really we're left with a long neurological recovery, ... We would love it to be short, but I suspect it's going to be months to see how far he can come.
earlier promised proved quarter tougher
As promised earlier the quarter would be very tough, and it proved tougher than expected.
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This disaster especially hits home to us, since those affected include thousands of Tyson Team Members who live in Mississippi.
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Our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.
company difficult performance pleased progress quarter
Overall, I am very pleased with the performance of our company in this historically difficult quarter and with the progress we've made on the integration to date,