Tyson Foods shares sink as meatpacker warns of ‘challenging market conditions' for beef
1. Tyson Foods missed quarterly sales estimates, impacting share prices negatively. 2. Consumer demand for beef has weakened due to rising prices and trade concerns. 3. The beef unit reported a significant operating loss of $181 million in the past six months. 4. Chicken sales rose 3%, but overall outlook remains unchanged. 5. Legal claims related to price fixing added pressure to the company’s financials.