The post Chicken Sales Soaring Amid High Beef Prices, Tyson Reports appeared on BitcoinEthereumNews.com. Topline Shares of Tyson Foods rose modestly Monday after the company posted mixed results in its fourth quarter and reported chicken sales have reached a three-year high amid a drop in demand for beef as prices rise. The Tyson logo is displayed on a bag of frozen chicken nuggets on Nov. 12, 2024. Getty Images Key Facts Tyson, the largest meat company in the U.S., on Monday reported $13.86 billion in sales for its last fiscal quarter, missing Wall Street’s $14.11 billion sales estimate, but posted better adjusted earnings than expected at $1.15 a share (analysts had forecast 84 cents). Chicken sales rose almost 4% over last year, from $4.251 billion to $4.411 billion, the company said, predicting they’ll continue to rise another 2% to 4% in fiscal year 2026. Tyson’s beef business, suffering due to the limited supply of American cattle, lost $94 million last quarter on an adjusted basis and, with domestic production of beef expected to continue falling, Tyson estimates it will have an adjusted operating loss between $400 million and $600 million for its beef business in fiscal 2026. Tyson sold 8.4% fewer pounds of beef in the quarter despite prices up 17% as the company’s cattle costs rose almost $2 billion from a year ago. The company cited the USDA in estimating domestic production of pork and beef will fall 3% and 2%, respectively, in fiscal 2026, while chicken production is expected to increase 1%. Tyson shares hit an intraday high of $55.67 on Monday, up about 5%, before falling back down to $53.76 in the afternoon. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Big Number 51%. That’s how much… The post Chicken Sales Soaring Amid High Beef Prices, Tyson Reports appeared on BitcoinEthereumNews.com. Topline Shares of Tyson Foods rose modestly Monday after the company posted mixed results in its fourth quarter and reported chicken sales have reached a three-year high amid a drop in demand for beef as prices rise. The Tyson logo is displayed on a bag of frozen chicken nuggets on Nov. 12, 2024. Getty Images Key Facts Tyson, the largest meat company in the U.S., on Monday reported $13.86 billion in sales for its last fiscal quarter, missing Wall Street’s $14.11 billion sales estimate, but posted better adjusted earnings than expected at $1.15 a share (analysts had forecast 84 cents). Chicken sales rose almost 4% over last year, from $4.251 billion to $4.411 billion, the company said, predicting they’ll continue to rise another 2% to 4% in fiscal year 2026. Tyson’s beef business, suffering due to the limited supply of American cattle, lost $94 million last quarter on an adjusted basis and, with domestic production of beef expected to continue falling, Tyson estimates it will have an adjusted operating loss between $400 million and $600 million for its beef business in fiscal 2026. Tyson sold 8.4% fewer pounds of beef in the quarter despite prices up 17% as the company’s cattle costs rose almost $2 billion from a year ago. The company cited the USDA in estimating domestic production of pork and beef will fall 3% and 2%, respectively, in fiscal 2026, while chicken production is expected to increase 1%. Tyson shares hit an intraday high of $55.67 on Monday, up about 5%, before falling back down to $53.76 in the afternoon. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here: joinsubtext.com/forbes. Big Number 51%. That’s how much…