U.S. to probe surging beef prices, falling cattle prices during coronavirus pandemic [Reuters]
Tyson Foods, Inc. (TSN)
Last tyson foods, inc. earnings: 2/6 07:30 am
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Source: Reuters
U.S. to probe surging beef prices, falling cattle prices during coronavirus pandemic CHICAGO, April 8 (Reuters) - The U.S. Agriculture Department will investigate why a surge in beef prices due to coronavirus hoarding did not translate into higher cattle prices for farmers, Agriculture Secretary Sonny Perdue said on Wednesday. The investigation adds scrutiny on the small group of meat companies like Tyson Foods Inc and Cargill Inc that dominate U.S. beef processing. “This is a good decision to address potentially unfair practices,” U.S. Senator Deb Fischer of Nebraska said on Twitter. The investigation will expand a review USDA launched into the beef market in August after a fire at a Tyson Foods plant in Holcomb, Kansas, sent beef prices soaring and tanked cattle prices. The agency has not released the results of the investigation that began last year. “USDA’s Packers and Stockyards Division will be extending our oversight to determine the causes of divergence between box and live be
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TSN
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- 11/12/24 - Beat
TSN
Sec Filings
- 11/21/24 - Form 4/A
- 11/21/24 - Form 4/A
- 11/21/24 - Form 4/A
- TSN's page on the SEC website