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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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.
beginning plant pleased production progress since six weeks
I?m pleased with progress this plant has made since beginning production six weeks ago.
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We simply cannot endorse a decision to complete the transaction under the facts as we understand them today. My decision today was based on what I felt was in the best interest of our Company and its shareholders.
conditions difficult expected far tough uncertain
While we expected tough and uncertain conditions ... it has been far more difficult than we previously projected.
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While the storm that hit this region was overwhelming, so has been the outpouring prayer and support from people around the country for those in need,
anticipate based folks great guidance
Based on first-cut guidance from folks in Washington, we don't see it as an issue, ... There are a lot of other competitors out there... there are a lot of folks out there servicing the great American consumer. I don't anticipate any challenge, but that's to be seen.
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Consequently, whether intended or not, we believe Tyson Foods Inc. was inappropriately induced to enter into the Merger Agreement, ... Further, we believe IBP cannot perform under the Merger Agreement.
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This disaster especially hits home to us, since those affected include thousands of Tyson Team Members who live in Mississippi.
demand difficult domestic due short supply term
The short term will be difficult due to international demand and domestic supply issues.
earlier promised proved quarter tougher
As promised earlier the quarter would be very tough, and it proved tougher than expected.
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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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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.
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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,