VegNews Daily

Tyson Foods Sees 43 Percent Fall in Net Income

The major meat purveyor faced a significant profit loss during its second quarter due to rising feed prices and dwindling demand.

Tyson Foods experienced more than a 40 percent decrease in net income in the first three months of 2013, falling from $166 in the first quarter of 2012 to $95. According Tyson CEO Donnie Smith, more consumers opted to buy the meat company’s less expensive chicken products, which was reflected in the company’s poor beef sales. He also noted that raised feed prices, a dwindling demand for prepared foods, and the disappearance of international markets also contributed to the second quarter financial shortfall.

 


Dairy-Free Market to Reach $35 Billion by 2024

New study reveals dairy-alternatives industry is growing rapidly due to increased global environmental, health, and ethical concerns surrounding dairy.
Read More »

Oprah Urges Her 33 Million Followers to Go Meatless

After interviewing HSUS President Wayne Pacelle, Winfrey pledged to go meat-free on Mondays and asked her huge fanbase to do the same.
Read More »

France Bans Trade in Ivory Tusks and Rhino Horns

New prohibitions exceed European Union regulations and will better protect threatened elephants and rhinos.
Read More »

Vegan Square Sausage Sandwich Takes Café by Storm

Glasgow's Rose & Grant's can't keep up with the demand for new vegan menu item created by staff member.
Read More »

MooShoes to Open All-Vegan Grocery Store

Sister owners will be opening a plant-based market next door to their iconic NYC shoe store.
Read More »

This Week on VegNews TV: The secret to these delightful sweet treats is white beans! Aylin Erman shows you how to make these simple blondies.

More Videos »