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03.08.26 - 14:12
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Tyson Foods Inc. Bottom Line Advances In Q3 (AFX)
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WASHINGTON (dpa-AFX) - Tyson Foods Inc. (TSN) announced a profit for its third quarter that Increases, from last yearThe company's bottom line totaled $182 million, or $0.52 per share. This compar......
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27.07.26 - 22:42
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BMO Says Return Of Mexican Cattle Is "Clear Positive" For Two Beaten-Down Meatpackers (ZeroHedge)
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BMO Says Return Of Mexican Cattle Is "Clear Positive" For Two Beaten-Down Meatpackers
Following the USDA's announcement that it will begin lifting the year-long ban on Mexican live cattle imports on Aug. 24, BMO Capital Markets senior equity research analyst Andrew Strelzik called the decision a "key positive" for publicly traded meatpackers Tyson Foods and JBS.
The restrictions were imposed to combat the New World screwworm, a flesh-eating parasite that threatens livestock. Restoring Mexican cattle flows should gradually ease tight U.S. supplies, improve slaughterhouse utilization, and support beef-processing margins.
"A combination of recent beef plant closures and the recovery of Mexican cattle imports should create a path to U.S. beef packer margin improvement," Strelzik wrote in a Monday morning note, identifying a potential new tailwind for Tyson Foods and JBS.
Strelzik outlined more color:
Combination of recent beef plant closures and recovery of Mexico...
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