TSN
NYSE · Consumer Defensive · Agricultural Farm Products · US
Research · Sep 3, 2026
[TSN] Tyson Foods Thesis 2026: Cattle Cycle Trough Delays Beef Margin Recovery
Tyson Foods delivered a second year of earnings recovery in FY2025 with adjusted EPS of ~$3.65 as Chicken margins improved to ~4-5% and Prepared Foods held at ~9%. Beef adjusted operating income remained near-zero as US cattle inventories hit their lowest level since 1951, constraining throughput at Tyson's processing plants. The multi-year bull case requires the cattle herd rebuild — which began in earnest in 2025 — to deliver higher slaughter volumes by FY2027-FY2028, supporting a normalization toward $6-7 EPS.
Research · Aug 25, 2026
U.S. Poultry Exports Reenter China After 17-State Clearance
Pilgrim's Pride says China cleared 17 U.S. states from its avian influenza ban in Q2 2026, the first opening in three years; its own exports held flat.
Research · Aug 25, 2026
Meat Processing Sees Protein Substitution Stop Working
Record beef, pork and chicken price gaps moved no volume between the three categories this quarter, and discounts stopped lifting sales, JBS, Tyson and Smithfield told investors.
Research · Aug 25, 2026
Farm Equipment Splits as Crop Growers Defer and Ranchers Buy
Deere, AGCO, CNH and Ridley told July-August 2026 calls that fertiliser and diesel costs froze crop-grower equipment budgets while beef-funded livestock customers kept spending.
Research · Jun 9, 2026
TSN Stock: Texas Screwworm Spreads as Canada Limits US Beef
USDA confirmed a second Texas screwworm case and Canada restricted US livestock imports. What it means for Tyson Foods and US beef producers.