Tyson Foods’ Stock Shares Fall 11 Percent

Tyson Foods’ shares fell significantly this week after the company reported lower profits than expected this quarter. The meat-producing giant also cut its first-year profit forecast after reporting the slowest sales growth in nine years. “Our beef business suffered from export market disruptions that had an $84 million impact on third-quarter results,” Tyson president and CEO Donnie Smith said, “and we continue to see very high cattle costs at a time when product values and export issues are making it difficult to realize expected revenue levels.” Tyson’s animal-rights record is far from great, as last month’s undercover investigation conducted by Mercy For Animals found. Chickens at a Tyson contract farm were reportedly kicked, clubbed, and thrown while not receiving adequate veterinary care or proper access to food and water.