Chairman John Tyson have teamed up to
help fight hunger in those communities
affected by the Gulf Coast oil spill.
Tyson Foods announced plans to
donate 100,000 pounds of chicken
products (nearly 400,000 meals’ worth)
in conjunction with concerts by Young
in late September. Concert-goers were
being encouraged to bring non-perishable
food items, which would be given along
with the Tyson donation to the Bay Area
Food Bank.
All proceeds from the sales of a
special Neil Young shirt available at the
concerts will also go to the food bank.
“Millions of people who live along
the Gulf Coast struggle with hunger and
the economic impact of the oil spill has
only made matters worse,” said Young.
“I appreciate the willingness of John
Tyson and his company to get involved
by helping the regional food bank help
feed those in need.”
OCTOBER 26-28
Poultry and animal waste
management symposium
The National Animal and Poultry Waste
Management Symposium will be held in
Greensboro, N.C., from October 26-28.
Topics to be covered include EPA
enforcement status, air emissions,
carbon credits, renewable energy
standards, subsurface litter application
and environmental issues impacting
performance.
IMPROVED MARGINS
Cagle’s reports rise in first
quarter earnings
Cagle’s Inc. reported increased
earnings for the first quarter of its new
fiscal year ending on July 3. The company
reported a net income of $3.5 million
($0.75 per share), up from $1.3 million
($0.28 per share) in the same quarter of
the last fiscal year.
Revenues were also up slightly,
coming in at $78.6 million and reflecting
a decrease in sales of 3.1% but an increase
in poultry sales price of $0.013 per
pound when compared to last year. Sales
costs decreased by 4.9%, contributing to
overall gains.
“Our shifting product mix and excellent
margins on existing products have provided
a good return for the company and its
stakeholders for our first quarter of fiscal
year 2011,” said Cagle’s President and CEO
Douglas Cagle. “We expect protein markets
to continue to be strong for the remainder
of this summer supported by low cattle and
hog inventories and limited expansion of
poultry supplies.”
