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Tyson Foods: Third Quarter Profits Rise

By Amanda Brodhagen, Farms.com

Tyson Foods Inc., the largest U.S. meat processor, reported on its third-quarter profit earnings.

The company reported better than expected quarterly earnings – with net income of $248-million, or 69-cents per share, from 79-million, or 22-cents per share last year in the same quarter. Tyson attributes strong chicken sales for its rise in profits. “Our chicken segment achieved record operating income, and our beef segment rebounded to generate solid returns,” explains Donnie Smith, Tyson’s CEO.

Chicken sales increased 10.6 percent to $3.16-billion, in addition to Tyson’s chicken segment of the business, beef sales were also strong, reporting 6.8% increase to $3.72-billion, while pork saw a slight decline in sales.
 


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Spring Planting Prep Just Got Serious… We NEED This!

Video: Spring Planting Prep Just Got Serious… We NEED This!

Getting closer to planting season means one thing… it’s time to get EVERYTHING ready.

Today didn’t go exactly as planned—we thought we’d be hauling potatoes again, but instead we spent the day digging equipment out of the cellar, hooking up the grain drill, and getting tractors ready to roll. With wheat planting just around the corner, every piece of equipment matters.

Of course, it wouldn’t be a normal day without a few problems… dead batteries, hydraulic issues, and a truck tire that absolutely refused to cooperate. We tried everything—jump packs, bead bazooka, ratchet straps… and eventually had to bring out the “big guns” just to get things moving again.

But that’s farm life—adapt, fix, and keep moving forward.

We’re getting close to go-time. Wheat seed is coming soon, and planting season is right around the corner