Tyson Foods Reports Third Quarter 2020 Results

Tyson Foods, Inc. today reported the following results:

First Nine Months Highlights

• GAAP EPS of $3.96, down 12% from prior year; Adjusted EPS of $3.83, down 10% from prior year
• GAAP operating income of $2,102 million; Adjusted operating income of $2,155 million
• Total Company GAAP operating margin of 6.6% and Adjusted operating margin of 6.8%
• Generated $2.7 billion of...

Tyson Foods Names Dean Banks to Succeed Noel White as Chief Executive Officer

Tyson Foods, Inc. today announced that Dean Banks will succeed Noel White as Chief Executive Officer (CEO), while maintaining the role of President, effective October 3, 2020. White, who led Tyson through a period of unprecedented volatility and uncertainty when he assumed the CEO role in 2018, will remain with Tyson in a new role as Executive Vice Chairman of the board of directors.

“The board and I are truly excited about the breadth and depth of capabilities of Dean and the entire executive leadership team, and we look forward to the energy and vision they will bring in leading Tyson Foods into the future,” said John Tyson, Chairman of the Board of Tyson Foods. “It’s clear to the board that Dean’s impressive background in entrepreneurship, technology, and...

Tyson Foods Launches New, Nationwide COVID Monitoring Strategy; Expands Health Staff

As part of its commitment to team member safety and continually evolving efforts to protect workers from COVID-19, Tyson Foods, Inc. is launching a new, industry-leading monitoring program and expanding its occupational health staff, including a new chief medical officer position.

The comprehensive COVID monitoring strategy was designed with the assistance of outside medical experts and includes ongoing, data driven COVID testing of workers without symptoms, as well as those who exhibit certain symptoms or have been in close contact with someone who has the virus.

“While the protective measures we’ve implemented in our facilities are working well, we remain vigilant about...

Animal Welfare Audits Across Tyson Foods’ Poultry Business are Now Certified

Tyson Foods announced it is the first company to receive audit certification for all poultry across its supply chain after its FarmCheck Animal Welfare Program completed the certification of company-wide poultry audits from the Professional Animal Auditor Certification Organization (PAACO).

PAACO recently certified FarmCheck audits for both breeders and turkeys, bringing the company’s total certified poultry audits to three, following broiler chicken certification by PAACO in 2019.

The FarmCheck program is a third-party animal welfare auditing program that ensures livestock and poultry suppliers for Tyson Foods are evaluated and monitored for important animal welfare criteria including...

Fire at Tyson Foods Plant, Some Injuries Reported 

According to the Nashville Fire Department, a fire broke out at a Tyson Foods chicken plant in Nashville, Arkansas, located in Howard County. Firefighters arrived just after 2 a.m., where they found a fire located in a building separate from the main processing plant. Local reports claim that the employees were at the plant when the fire started, and two employees were injured and are receiving medical attention.

Worth Sparkman, a spokesperson for Tyson Foods, stated that company officials and firefighters are determining the cause of the fire, and operations at the plant on July 9 are limited to harvesting and deboning with further processing at the plant temporarily suspended as the investigation continues.

“Unfortunately, two of our team members have been injured and are receiving medical attention. We appreciate the quick response of...

Tyson Foods Names Johanna Söderström Chief Human Resources Officer

Tyson Foods, Inc. named Johanna Söderström as Executive Vice President & Chief Human Resources Officer, effective July 6, 2020. Söderström will report to Chief Executive Officer Noel White and will lead all aspects of the company’s global people strategy to enable its overall growth, innovation and transformation agenda. Söderström also will focus on continuing to build the company’s culture, talent and capabilities for the future. She succeeds Mary Oleksiuk, who is retiring after a 35-year career.

Söderström, who will join the Enterprise Leadership Team at Tyson Foods, brings more than two decades of experience in global people solutions, employee engagement and talent development to her new role. She most recently served as Senior Vice President, Chief Human Resources Officer at The Dow Chemical Company and oversaw the company’s cultural and organizational transformation through the DowDuPont merger and...

Tyson Foods Appoints Dan Turton As Senior Vice President, Global Government Affairs

Tyson Foods, Inc. named Dan Turton as Senior Vice President, Global Government Affairs, effective June 29, 2020. Turton will be based in Washington, D.C. and will lead the worldwide government relations activities for the Company. He will report to Amy Tu, Executive Vice President and General Counsel.

“Dan is well-respected across the political spectrum,” Tu said. “He brings nearly three decades of experience in government affairs and public policy to this role, including time spent working in corporate and government positions on Capitol Hill, in the White House, and with General Motors. I am confident that he will...

Tyson Foods, Inc. Releases Results From Covid-19 Testing At Berry Street Facility In Springdale, AR

Tyson Foods, Inc. (NYSE: TSN) announced today the results of facility-wide testing for COVID-19 at its Berry Street poultry facility in Springdale, Arkansas. 

Of the 1,102 team members who work at the facility and were tested onsite from June 4 to June 6, 199 tested positive, only one of whom showed symptoms. The other 198 individuals who tested positive did not show any symptoms and otherwise would not have been identified. 

This is in addition to 48 positive cases identified at Berry Street by the Department of Health or when seeking care through their own health care providers...

Tyson Foods’ Statement on Department of Justice Indictment in Broiler Chicken Investigation

Tyson Foods, Inc. (NYSE: TSN) issued the following statement today regarding the June 2, 2020, indictment by the Antitrust Division of the United States Department of Justice (DOJ) charging multiple executives of other companies in the broiler chicken industry with conspiring to restrain trade.

“Tyson Foods is committed to competing vigorously, honestly and in compliance with the letter and the spirit of the antitrust laws and respects the important role that the Department of Justice plays in enforcing these laws...

COVID-19 Impact on Alternative Protein Industry

The on-going COVID-19 pandemic is re-shaping everything from the global economies to product categories, pricing, and stock availability to consumer behavior.

The pandemic has also placed the spotlight on meat supply and food security globally. The spotlight on meat supply has been evident in both developed and emerging markets amidst disruptions to supply chains and panic buying and stockpiling, following announcements of lockdowns and social distancing measures...

Tyson Foods Publishes 2019 Sustainability Report 

Tyson Foods, Inc. published its 2019 Sustainability Report, “Grow – Deliver - Sustain”, outlining progress toward its sustainability goals and announcing key achievements in five focus areas: Food, Animal Welfare, Environment, Workplace, and Communities. The goal of Tyson Foods' sustainability initiative is to ensure the company produces safe, nutritious food for the global population and makes a positive impact on the world.

Tyson Foods’ commitments to help build a more safe, environmentally sound and sustainable food system represent a key element of the company's broader vision to raise the world's expectations for how much good food can do. Its strategy for sustainably feeding the world with the fastest-growing protein brands focuses on growing its business by delivering superior value to consumers and...

Former FedEx Executive Appointed to Tyson Foods Board of Directors

David J. Bronczek, 65, has been appointed to the board of directors of Tyson Foods, company officials announced. 

Bronczek is the recently retired president and chief operating officer of FedEx Corporation, the global logistics and transportation company. He was part of FedEx for more than 40 years, starting as a courier and progressing into the company’s management ranks. His roles included leading FedEx Express in Canada, Europe, the Middle East and Africa, and later serving for 17 years as president and CEO of FedEx Express.

A native of Ohio and graduate of Kent State University, Bronczek also has experience as an independent public company director, previously serving on the board of International Paper. He also previously served as...

Tyson Fresh Meats to Resume Waterloo, Iowa Operations

Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc. announced it will resume limited production at its Waterloo, Iowa facility on Thursday, May 7. Team members have been invited to tour the facility Wednesday to view the enhanced safety precautions and protective social distancing measures installed throughout the plant.

The reopening of the facility follows a tour of the plant by Black Hawk County health officials, Waterloo Mayor Quentin Hart, Black Hawk County Sheriff Tony Thompson, UFCW Local 431 President Bob Waters and other local business leaders and a subsequent joint company and...

Tyson Foods to Resume Operations in Pasco, Washington 

Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc., will resume limited production at its Pasco, Washington, beef facility. The facility temporarily idled operations on April 23 to test its team members for COVID-19.

Team members were asked to self-isolate until their results returned. The company worked with local health officials to verify test results, which were communicated to team members. Team members who tested positive will only return to work once they have met the criteria outlined by the CDC for...

Tyson Foods Reports Second Quarter 2020 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

First Six Months Highlights

• GAAP EPS of $2.52, down 6% from prior year; Adjusted EPS of $2.43, down 13% from prior year
• GAAP operating income of $1,327 million; Adjusted operating income of $1,395 million
• Total Company GAAP operating margin of 6.1% and Adjusted operating margin of 6.4%
• Record Beef GAAP operating margin of 6.6% and record Adjusted operating margin of 6.9%
• Record total Company sales of...

Tyson Fresh Meats Temporarily Pausing Production at Dakota City, Nebraska, Beef Plant

Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc., is currently winding down production and will temporarily pause operations Friday, May 1 through Monday, May 4 at its Dakota City, Neb., beef facility to complete a deep cleaning of the entire plant. The company has been working closely with the local health department and is also in the process of screening plant team members for COVID-19 this week, with assistance from the Nebraska National Guard.

The facility, one of the largest beef processing plant in the country, employs a workforce of 4,300 and normally produces enough beef in one day to feed 18 million people, however...

Tyson Foods Pauses Production at Washington Beef Plant 

Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc., will temporarily halt production at its Pasco, Washington, beef facility while team members undergo testing. Health officials in Walla Walla, Benton, and Franklin Counties will work with the company to test its more than 1,400 team members for COVID-19 as soon as possible.

The facility produces enough beef in one day to feed four million people. While the plant is temporarily closed for testing, team members will continue to be compensated and asked to self-isolate at home until results return.

“We’ve taken both of our responsibilities to continue feeding the nation and keeping...

Tyson Foods to Indefinitely Suspend Waterloo Operations

Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, Inc., plans to indefinitely suspend operations at its Waterloo, Iowa, pork plant this week.

The facility, the company’s largest pork plant, has been running at reduced levels of production due to worker absenteeism, and will stop production mid-week until further notice. The facility’s 2,800 team members will be invited to come to the plant later this week for COVID-19 testing.

“Protecting our team members is our top priority and the reason we’ve implemented numerous safety measures during this challenging and unprecedented time,” said Steve Stouffer, group president of Tyson Fresh Meats. “Despite our continued efforts to keep our people safe while...

Tyson Fresh Meats to Resume Limited Operations at Columbus Junction Pork Plant

Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc., will resume limited operations at its pork plant in Columbus Junction, Iowa, on Tuesday after being idle for two weeks due to COVID-19 concerns.

“Our first priority is protecting our team members while they fulfill their critical mission of feeding families across the country during this challenging time,” said Tyson Foods President Dean Banks. “We plan to increase production at Columbus Junction gradually, with the safety of our team members top of mind.”

Tyson Foods formed a coronavirus task force in January and has implemented numerous measures to protect workers. It was one of the first food companies to start taking worker temperatures and...

Tyson Foods to Deep Clean Logansport Plant; Suspending Production on Monday

Tyson Foods, Inc. announced that its Logansport, Indiana, facility will cancel production for Monday for additional cleaning and sanitation efforts. The company is working hard to protect team members during this ever-changing situation, while also ensuring the company continues fulfilling its critical role of helping feed people in this community and across the country.

“While we understand the necessity of keeping our facilities operational so that we can continue to feed the nation, the safety of our people remains our top priority,” Jim Schmitz, Vice President of Pork Production Operations said. “Our plant production areas are sanitized daily to ensure food safety, and we have stepped up deep cleaning and sanitizing of our facilities, especially in...

Tyson Foods Suspends Operations at Columbus Junction Facility 

Tyson Foods is taking extra precautions to prevent the spread of the coronavirus and provided an update on its business operations.

“We’re working hard to protect our team members during this ever-changing situation, while also ensuring we continue fulfilling our critical role of helping feed people across the country," said CEO Noel White.

At all locations, Tyson has been taking temperatures of every employee entering for their shift. Additionally, Tyson has stepped up cleaning and...

Les R. Baledge Appointed to Tyson Foods Board of Directors

Les R. Baledge, 62, has been appointed to the board of directors of Tyson Foods, company officials announced.

Baledge was executive vice president and general counsel of Tyson Foods from 1999 to 2004. He also practiced corporate and finance law with Kutak Rock and The Rose Law Firm, both located in Little Rock. In addition, he previously served on the boards of BMP Sunstone Corp. and Fairfield Communities, Inc.

The appointment of Baledge increases the number of directors on the Tyson Foods board to 13. He will serve on the Governance and Nominating Committee.

“The extensive knowledge that Les has about our company combined with...

Tyson Foods States Company is Uniquely Positioned to Meet Global Protein Demand 

Tyson Foods, Inc. CEO Noel White reiterated today at the Consumer Analyst Group of New York annual conference that, “Tyson Foods’ scale, diversified portfolio, international footprint and financial track record uniquely position the company for continued, long-term growth at a time when there’s growing global demand for protein.”

Dean Banks, who recently joined Tyson Foods as its president, said, “We have a global opportunity and innovation across our portfolio is the key,” adding, “I have a passion for innovation and have been impressed with the innovation culture at Tyson Foods.”

Banks highlighted Tyson Air Fried Perfectly Crispy Chicken, Tyson Instant Pot Kits, Jimmy Dean Omelet Minis, Jimmy Dean Loaded Sausage Bites, Hillshire Snacking Bruschetta and Pact as examples of...

Tyson Foods Appoints Kevin M. McNamara as Vice Chairman

Kevin M. McNamara, the lead independent director for Tyson Foods, Inc., has been given the additional role of vice chairman of the board, the company announced today.

The appointment means McNamara, who has been a Tyson Foods board member since 2007, will take on additional duties and responsibilities to assist the chairman with board matters, support the executive team on company matters, and focus on key strategic initiatives.

“The board’s appointment of Kevin to vice chairman reflects its commitment to sound governance to sustain the future of our company,” said Chairman John H. Tyson. “We look forward to...

Tyson Fresh Meats and Jacob Stern & Sons Launch Joint Venture

Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, and Jacob Stern & Sons, Inc. have launched a joint venture, JST Global, LLC, to serve the worldwide fats and oils market. Specific terms of the venture are not being disclosed.

Beef and pork by-products of the fresh meats business, along with fats and oils derived from other sources, are key ingredients in thousands of products in such diverse industries as pharmaceuticals, personal care, and animal nutrition, plus the rapidly developing field of renewable fuels.

“Jacob Stern and Tyson Fresh Meats have enjoyed a strong relationship for over 50 years. Combining Tyson’s vast supply of animal fats with Jacob Stern’s Texas operations is...

Tyson Foods Reports First Quarter 2020 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

First Quarter Highlights

• GAAP EPS of $1.52, up 1% from prior year; Adjusted EPS of $1.66, up 5% from prior year
• GAAP operating income of $826 million, up 2% from prior year
• Adjusted operating income of $894 million, up 6% from prior year...

Tyson Foods Initiates Coalition to Advance the Future of Sustainable Protein

Tyson Foods, Inc. today announced the creation of the Coalition for Global Protein, a multi-stakeholder initiative to advance the future of sustainable protein.

To mark the launch of the Coalition, Tyson Foods is convening leaders from the global protein industry, which includes all forms of protein, as well as academia, non-governmental organizations and financial institutions this week at Davos, Switzerland, alongside the 50th World Economic Forum Annual Meeting. The goal is to unite stakeholders across the food and agriculture sector to identify and implement new and creative solutions to sustainably feed the world’s growing population. The conversation will be moderated by Dr. Lawrence Haddad, executive director of Global Alliance for Improved Nutrition.

“Efforts to make the production of high-protein foods more sustainable must continue,” said Dr. Haddad. “These foods, many from animal sources, are vital for the healthy growth of young children, especially those...

Tyson Looks to Expand Beef Operations Internationally

Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc., today signed an agreement with the Republic of Kazakhstan and private holding company Kusto Group to collaborate on a project that, in its initial phase could lead to the construction of a modern beef processing plant in Kazakhstan, with an anticipated harvest capacity of 2,000 head per day. As presently conceived, the investment is projected to help provide an annual agricultural economic benefit to the country well in excess of one billion dollars (USD).

Kazakhstan is the ninth largest country in the world by geographic area and has identified the livestock and the multi-protein export industry as a key growth market. The country has an established beef industry which serves the domestic population with exports to the region. The agreement...

Tyson Beef Plant in Kansas to Resume Operations in December

Anticipated to be at normal production by early January

Following the August 9 fire that disrupted operations at its Holcomb, Kansas beef complex, TYSON FRESH MEATS, the beef and pork subsidiary of Tyson Foods, Inc. (NYSE: TSN), today announced reconstruction of the facility is near completion. Efforts to resume harvest operations will begin the first week of December, with intentions to be fully operational by the first week of January.

“We recognize the disruption the fire caused for our suppliers and our customers and are more than pleased to announce we are in the final stages of reconstruction,” stated Steve Stouffer, group president, Tyson Fresh Meats. “Our team is ready to begin the process of ramping back up, recognizing that there will be testing and adjustments over the first few weeks to ensure equipment functionality while maintaining our commitment to team member safety and food safety.”

The fire severely damaged a critical part of the plant containing...

Tyson Foods Reports Fourth Quarter and Fiscal 2019 Results

Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:

Fiscal 2019 Highlights

• GAAP EPS of $5.52, down 33% from record prior year (prior year included a one-time tax benefit of $2.71)
• Adjusted EPS of $5.46, down 11% from record prior year
• GAAP operating income of $2,827 million; Adjusted operating income of $2,977 million
• GAAP operating margin of 6.7%; Adjusted operating margin of...

Dean Banks Named President of Tyson Foods

Tyson Foods, Inc. today announced that its board of directors has named independent director Dean Banks, 46, president of the company, effective December 20, 2019. Noel White, 61, currently president and chief executive officer, will continue as CEO. In his new role, Banks will report to White and oversee the company’s business segments. Banks will remain a member of the Tyson Foods board and will be considered a non‐independent director.

Banks brings deep leadership experience and a background in entrepreneurship, innovation and technology to Tyson Foods. He joins the Tyson Foods enterprise leadership team from X, an Alphabet Inc. company (formerly known as Google [x]), where he has been a member of the leadership team since 2016 and started and led multiple projects.

John Tyson, chairman of the board of directors, said, “I have gotten to know Dean well over the past several years, particularly during his two years on our board, where he...

Storms Halt Production at Two Tyson Foods Poultry Plants 

Reports of storm damage impacting Tyson poultry plants located in Georgia and Arkansas have halted operations.

On Saturday, October 19, a storm hit the administration area of the Vienna, Georgia location. The plant was not operating at the time, and resumed normal operations today.

Due to overnight storms in the area, the plant near downtown Rogers, Arkansas, lost power yesterday and did not operate first shift. However, normal operations resumed Monday afternoon, and there was...

Tyson to Help Meet Growing Demand for U.S. Pork by Prohibiting Ractopamine Use

In an effort to meet growing global demand for U.S. pork, Tyson Fresh Meats , the beef and pork subsidiary of Tyson Foods, Inc., today announced plans to prohibit the use of ractopamine in the market hogs it buys from farmers beginning in February 2020 .

Ractopamine is a feed ingredient that helps increase the amount of lean meat in hogs. While it is FDA-approved and considered safe for use, some countries such as China prohibit the import of pork from hogs that have been given the product.

Tyson Fresh Meats has been offering a limited amount of ractopamine-free pork to export customers by working with farmers who raise hogs without it, and...

Tyson Foods Launches Pact Brand Refrigerated Snack Bites with Functional Benefits

Tyson Foods, Inc. has launched a new line of functional refrigerated protein snacks under its new brand, Pact, created to help people harness the natural benefits of food.

Developed by the company’s team of nutrition and culinary experts, Pact Snack Bites are expected to tap into a growing functional food market projected to reach $100 billion in the U.S. by 2025. Functional foods have potential to offer positive effects on health and wellness and can help people fill gaps in nutrition.

Pact Snack Bites are literally packed with nutrition. Made with real fruits and nuts, they have 10-plus wholesome ingredients per serving and contain ingredients like kombucha, matcha and...

Tyson Foods Names John R. Tyson Chief Sustainability Officer

Tyson Foods announced today the appointment of John R. Tyson as Chief Sustainability Officer, effectively immediately. He will report to Noel White, President and CEO of Tyson Foods. Justin Whitmore, who has been serving as Tyson Foods’ Chief Sustainability Officer since 2017, will now turn his full attention to leading Tyson Foods’ growing alternative protein business.

Tyson will lead Tyson Foods’ efforts to support a more sustainable food system. This includes driving improvement by implementing the company’s sustainability strategy and commitments as well as managing the sustainability, animal welfare, environmental and social responsibility teams.

“I am excited to play a role in leading our company’s sustainability efforts,” said John R. Tyson. “Taking care of our people and our planet is a priority for Tyson Foods. We are uniquely positioned to lead within the global food system, and therefore we must continue...

Tyson Foods Experiencing Short-Term Challenges in Fiscal Fourth Quarter

Tyson Foods, Inc. today said it is experiencing short-term challenges that are negatively affecting fourth quarter earnings. These challenges include margin compression related to a reversal of a gain on mark to market grain derivatives recognized in our third quarter, commodity market volatility, implementation of enhanced food safety initiatives, a beef processing plant fire, and slower than expected operational improvements in the Chicken segment. As a result, the company is revising its fiscal 2019 adjusted earnings guidance to a range of $5.30 to $5.70 per share and we continue to monitor potentially adverse mark-to-market movements and other volatilities.

“The discrete challenges we’ve encountered this quarter now lead us to believe we will fall short of our previously stated guidance,” said Noel White, Tyson Foods’ president and CEO, “but our outlook for fiscal 2020 remains...

Tyson Foods Partners with Grupo Vibra to Continue its Global Growth Strategy

Buys a 40% stake in the foods division of the Brazilian poultry company

As part of its global growth strategy, Tyson Foods, Inc. (NYSE: TSN) has reached an agreement to invest in the foods division of Grupo Vibra (“Vibra Foods”), a Brazilian producer and exporter of poultry products. Once completed, the deal will give Tyson Foods more flexibility in serving customers in key global markets. Terms of the agreement were not disclosed, and the transaction is still subject to approval by Brazilian regulators.

“This investment will enable us to access poultry supplies in Brazil to meet the growing needs of Brazilian customers and of priority demand markets in Asia, Europe and the Middle East,” said Donnie King, group president, international & chief administration officer for Tyson Foods. “It’s part of our strategy to develop a more flexible supply chain and mitigate the volatility of our previous model, which relied primarily on U.S. exports.”

Since last year, Tyson Foods has...

Tyson Foods Recalls Weaver Brand Ready-To-Eat Chicken Patty Products

Tyson Foods Inc., a Pine Bluff, Ark. establishment, is recalling approximately 39,078 pounds of Weaver brand frozen chicken patty product that may be contaminated with extraneous materials, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.

The frozen, fully cooked chicken items were produced on January 31, 2019. The following products are subject to recall...

Tyson Foods Appoints New Prepared Foods Leader

Tyson Foods has named Chief Marketing Officer Noelle O’Mara to lead its growing prepared foods business.

O’Mara’s new role involves managing all aspects of Tyson Foods’ $9 billion prepared foods business, which includes billion-dollar brands Tyson, Jimmy Dean, and Hillshire Farm. The job also includes oversight of one-third of Tyson Foods’ manufacturing facilities and more than 25,000 team members.

O’Mara has more than 17 years of general management experience that includes profit and loss responsibility, food marketing and innovation. She joined Tyson Foods in April 2016 as vice president, new business models. She served as general manager and senior vice president of the Tyson and Jimmy Dean business units before being named...

Tyson Foods to Rebuild Kansas Beef Plant and Pay Workers Following Fire

A fire partly destroyed the Tyson Foods beef plant in Holcomb, Kansas on Friday, August 9. The plant will be down indefinitely, however; the company plans to rebuild the plant at the same location. Officials are still assessing the damage, so it’s too early to establish a timeline, but work to clear damage has already begun.

“This is a difficult time for our team members and their families, and we want to ensure they’re taken care of,” said Steve Stouffer, group president of Tyson Fresh Meats. “Today, we will notify our full-time, active team members that they’ll be paid weekly until production resumes.”

Stouffer said the team members may be called on to work during this time to help with clean-up and other projects, but regardless of the hours worked, all full-time active employees are...

Kansas Beef Plant Fire Could Weigh on Cattle Market Near-Term

A large fire occurred Friday at the Tyson Foods beef plant in Holcomb, Kansas, forcing the evacuation of all workers and closure of the facility for an undetermined period.

The loss of that plant means that, at least temporarily, the industry will likely process around 6,000 fewer cattle per day, which could weigh on the cash market and possibly near-term futures as well. The market could react bearishly to the news since fed cattle supplies will have to be absorbed by fewer plants operating for an as yet undetermined time. However, less beef output could also push up wholesale prices for beef. 

The industry has been processing an average of about...

New Facility to Boost Tyson Foods’ Automation and Robotics Efforts

Tyson Foods, Inc. (NYSE: TSN) has created a new, state-of-the-art facility designed to help the company develop more automation and robotics for its food production plants.

The Tyson Manufacturing Automation Center (TMAC) officially opened in downtown Springdale today. The center provides space for the development of new manufacturing solutions and collaboration with the company’s information technology team and equipment suppliers. It also serves as a location for team member training on new technology.

The investment is part of Tyson Foods’ focus on continuous improvement. The development of new technology and processes will help improve...