Outlook Positive For Tyson Foods

Tyson Foods

Market watchers with Stephens Inc. have a positive outlook on Tyson Foods’ poultry segment despite rising feed costs and lower prices for consumers. Analysts with the Little Rock-based investment firm hosted a conference call with agri briefing company Urner Barry to talk about the poultry industry and the table egg business.

“We remain bullish on chicken producers despite the recent rise in feed costs and recent softness in breast meat pricing given forward supply looks to be manageable. African Swine Flu demand appears to be a clear demand driver going into the back half of the year and into early 2020,” noted Stephens analyst Ben Bienvenue.

He said the turkey market is still in slow recovery and the egg industry continues to face mounting losses among most producers.     MORE

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