U.S. meatpacker Tyson Foods reported higher-than-expected quarterly earnings on Monday, as increased demand for its chicken products overshadowed hefty losses in its beef business.
Beef prices have climbed after ranchers slashed the size of the U.S. cattle herd due to a persistent drought that burned up pastures and hiked feeding costs, prompting some consumers to eat more lower-cost chicken instead.
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Source: Reuters | Published: 2026-02-02T12:06:02Z
Credit: Reuters
