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Tyson Foods CEO Comments on Pig Virus Impact

By Amanda Brodhagen, Farms.com

The pig-killing virus known as Porcine Epidemic Diarrhea (PED) that has been spreading across U.S. hog farms since last spring, could cut pork production by about 4 per cent in 2014, Tyson Foods CEO Donnie Smith warns.

According to Smith, PED has forced Tyson to shift its production operations to deal with tighter hog supplies. Despite smaller pork supplies, Smith expects the pork segment of its business to “perform well,” in 2014.

Smith made these comments following the release of Tyson’s second-quarter profit earnings report. The company reported a profit of $213 million, or 60 cents a share, which is up from $95 million, or 26 cents a share, from a year ago.

Highlights:

• Pork sales – were up 13% to $1.49 billion
• Chicken sales – were up 4% to $2.84 billion
• Beef sales – were up 11% to $3.83 billion (beef volume was down, but higher prices lifted the segment)
 


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Evolution of Beef Cattle Farming

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The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.