John Tyson
John Tyson
across country effort help joined left lives others people powerful storm whose
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,
active activity awareness balanced building business committee company diet future good grassroots healthy help level levels olympic people plays power protein providing role social states support united
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.
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.
both cause disruption history members plant regret team
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.
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,
chicken declines demand domestic expected greater impact performance projected recent supply
Recent declines in international demand for chicken coupled with greater than expected domestic supply will dramatically impact the projected performance of our chicken segment.
beef chicken foods further operating pork prepared producing results segment solid struggled
Our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.
challenges coming doubt faced optimistic people seen share strategy strong
Without a doubt, we faced our share of challenges in 2005, but we've also seen strong indicators that show our strategy is working. We're optimistic because we have the right strategy and the right people coming together.
beef chicken conditions early entered fiscal foods further knowing market operating pork prepared producing results segment solid struggled
We entered fiscal 2006 knowing market conditions would be difficult, especially early in the year. During the first quarter, our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.
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.
accounting confidence forward issues management premier protein run satisfied together work
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.
allow beef believe case cash cattle consumers continue decisions efficient marketing prefer producers raising rather rewards sell thousands
Thousands of producers prefer to sell cattle through marketing agreements, rather than in the cash market. The decisions in this case allow them to continue this practice, which they believe is more efficient and rewards them for raising cattle that produce the beef consumers demand.
beef chance chicken company folks industry leaders move number opportunity pork seldom together tyson unique
This is a unique opportunity for Tyson foods, the number one company in the chicken category, and the folks at IBP, who are the number one in the beef and pork industry, ... Seldom do you get the chance to put the leaders together in an industry and then move forward.
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.