Tyson Foods says U.S. demand for protein improving
Tyson Foods Inc. told investors at the BMO Capital Markets 2011 Farm to Market Conference that sales of chicken, beef and pork improved in the past two weeks as the weather turned warm. Donnie Smith, Tyson's president and CEO, and Noel White, senior group vice president of Tyson Fresh Meats, were presenters at the conference.
"We are happy with the improvement in demand we've seen following a cold, wet April," Smith said. Because beef and pork pricing are strong, many retailers and food service operators are likely to feature chicken this summer, he added.