
(NAFB.com – Tyson Foods Inc. raised its full-year earnings forecast as strong US chicken demand and cheap feed costs help it withstand losses in its beef business. Operating earnings, excluding some items, are expected to range from $2.1 billion to $2.3 billion in fiscal year 2025, an increase of $100 million at the midpoint from the prior guidance range, Tyson said in a statement. The increase was largely driven by a more optimistic view of its chicken business. A severe shortage of cattle has sent prices for slaughter-weight animals surging to record levels, eroding profits for beef processors as they struggle to pass higher costs on to consumers. Tyson managed to cushion the impact thanks to stronger demand for chicken as meat eaters seek cheaper alternatives. Its poultry operations have also benefited from ample grain supplies, which have kept a lid on feed costs.