Tyson Foods Inc. reported its fourth quarter 2011 net income at $95 million, as compared to $208 million in 2010, down 54% from last year. For the fiscal year, Tyson's net income was down 4.18% from 2010, to $733 million.
The overall operating margin was 2% in the fourth quarter of 2011, with a chicken operating loss of $82 million or -2.9% of sales. The company's beef operating income was $118 million or 3.4% of sales, pork operating income was $113 million or 7.9% of sales, and prepared food operating income represented 3.4% of sales at $28 million.
Tyson did report strong sales of $8.4 billion in the fourth quarter, up 12.9% compared to last year.
"In fiscal 2011, we produced record sales and our second best EPS in company history despite record input costs, which included $675 million in additional feed and ingredient costs in our chicken segment," said Donnie Smith, Tyson's president and CEO.
For fiscal 2012, the company expects chicken industry production will decrease approximately 4% from fiscal 2011, which should gradually improve market pricing conditions. Current futures prices indicate higher grain costs in fiscal 2012 compared to fiscal 2011, which the company expects to offset with operational, pricing and mix improvements.
As FSIS proposes 15.4 percent raw poultry parts standard for Salmonella, Foster Farms remains committed to Salmonella prevalence level below 5 percent
While Perdue AgriBusiness headquarters will move, Perdue Farms will remain headquartered in Salisbury, Maryland
WATT-Rennier Poultry Confidence Index survey poll shows two-thirds of respondents identified "regulatory issues" as the top concern for the U.S. poultry industry over the next six months.
Cause of fire has not yet been determined
France’s Groupe Doux has exited administration and has embarked on an investment plan that should give it a more stable future and see it start to increase its share of export markets.
Utilizing Poultry industry waste to create energy can improve the industry's energy efficiency and improve competitiveness all while reducing grain cost. Modern Technology Methods has the application to achieve this with their poultry anaerobic digester system.
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