Earnings Preview: Tyson's income seen lower in 3Q

MILWAUKEE - Tyson Foods Inc., the world's largest meat producer, reports earnings for the third quarter on Monday before the market opens. The following is a summary of key developments and analyst opinion related to the period. OVERVIEW: Food makers like Tyson are seeing rising costs squeezing their margins and hampering sales. The Springdale, Ark.-based company, which makes chicken, beef, pork and prepared foods, could see lower profit because of higher prices for grain, wheat and soy oil. The company has said its costs for the fiscal year may be $1 billion higher than last year. Tyson has been instituting price increases as it tries to offset the rising costs. Tyson is trying to control costs and continue focusing on growing overseas. Last month it shed one of Canada's largest beef-processing plants, Lakeside Farm... [read full story]