Saturday, 3 March 2012

Tyson posts fiscal 2Q loss on some charges

Tyson Foods Inc. said Monday it lost more than expected in its fiscal second quarter because of declining beef sales and one-time costs, while the world's largest meat maker noted that it expects a drop in demand for pork amid worries about swine flu to be short-lived.

The Springdale, Ark.-based company said it was too soon to assess the impact of the virus, which has sickened more than 1,000 people globally. Tyson said fears of the virus _ also called H1N1 _ have kept some shoppers away from pork even though there has been no evidence that eating it can lead to an infection.

In Mexico, a major market for U.S. pork producers and the likely source of the …

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