U.S. meatpacker Tyson Foods exceeded quarterly earnings expectations due to high demand for chicken products amid beef business losses. Beef prices rose as ranchers decreased cattle herd size due to drought, shifting demand to chicken. Cattle herd at 75-year low, driving up costs for meatpackers. Tyson’s chicken unit sales increased while beef sales volumes fell. Net sales rose to $14.31 billion, beating analyst estimates. Tyson forecast sales to increase in fiscal 2026, with adjusted income outlook raised for chicken, pork, and prepared foods. Tyson anticipates segment operating income of $1.65 billion to $1.90 billion for chicken in fiscal 2026. The company initiated mass layoffs at a beef plant in Nebraska and reduced operations at a plant in Texas.

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