Tyson Foods is report first quarter net income of $552 million. That’s down from $1.6 billion one year ago. The sales volume for chicken increased, but the average prices declined. Beef sales volume declined, but export and domestic demand remains strong. With tight margins, Tyson pork sales volume also declined. Tyson President and CEO Noel White said China’s problem with African Swine Fever is likely worse that what is being reported. Tyson officials indicate that could result in an increase in pork sales to China.
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