Meat Processing

The weekend arrest of Tyson Foods Inc. Chief Financial Officer John R. Tyson on public intoxication and criminal trespassing charges raises questions about how the controlling family will assess the 32-year-old’s ability to serve as finance chief of the publicly traded meat processor.Mr. Tyson, who is the son of the company’s board chairman, was found Sunday morning in a woman’s bed at her home in Fayetteville, Ark., according to a preliminary arrest report…

John R. Tyson, Tyson Foods Inc.’s TSN -0.75% chief financial officer and son of the meat giant’s chairman, was arrested over the weekend after authorities said he fell asleep in the wrong house. Mr. Tyson, 32 years old, was found asleep in a woman’s bed at her home in Fayetteville, Ark., on Sunday morning, according to a preliminary arrest report filed by the Fayetteville Police Department. He was arrested for…

Tyson Foods Inc. TSN -0.96% is closing several of its corporate offices across the country as rising costs pressure the meat giant’s bottom line after two years of soaring profit margins. Tyson said Wednesday that it is closing offices in Chicago, Downers Grove, Ill., and Dakota Dunes, S.D., which currently house many of its prepared-foods and beef-division employees. Employees will be given the chance to relocate to the company’s…

Tyson TSN 0.04% Foods Inc. is overhauling its executive ranks as the largest U.S. meat supplier’s costs rise and some sales slow, pressuring the company’s bottom line after two years of soaring margins.The Arkansas company this week shifted executives into new roles heading finance, commercial operations and prepared foods, including appointing John R. Tyson, the 32-year-old great-grandson of the company’s founder, as chief financial…

Beyond Meat Inc.’s BYND -5.10% chief operating officer was arrested in Arkansas over the weekend, after a physical altercation in which he allegedly bit a person’s nose and threatened to kill him. Doug Ramsey, 53, of Fayetteville, Ark., was arrested Saturday night and charged with terroristic threatening and third-degree battery, records from Arkansas’s Washington County show. He was released the…

U.S. food and beverage companies are racing to keep operations running during a nationwide shortage of carbon dioxide.Companies including Tyson Foods Inc. TSN -1.30% and Kraft Heinz Co. KHC -0.23% have been searching for carbon dioxide as supply disruptions this summer exacerbated existing shortages, threatening production of goods from cold cuts to beer. Carbon dioxide is widely used throughout food and beverage…

Beef is getting cheaper, bringing some economic relief to U.S. consumers.Prices of beef, typically among the costliest grocery store purchases, are falling after more than a year of increases, as consumer demand softens for some cuts. Supplies are improving due to better staffing at meat plants, and supermarkets are offering more discounts on rib-eye, New York strip and other often-expensive products. For months, prices for food and consumer products have been rising across grocery aisles due to higher costs of…

The Justice Department is discussing with Cargill Inc. and Continental Grain Co. potential concessions that could clear the way for the companies to acquire poultry processor Sanderson Farms Inc., SAFM -1.44% according to people familiar with the matter.The discussions with the government involve how farmers and plant workers are paid, the people said. Cargill, an agribusiness giant with meat, grain and food ingredients businesses, and…

Smithfield Foods Inc., the largest pork processor in the U.S. by volume, is closing an 1,800-person plant in California and shrinking the size of its hog herd in the region, saying the cost of doing business in the state wasn’t worth it. Smithfield, owned by Hong Kong-based pork conglomerate WH Group Ltd. 288 -2.60% , said Friday that it would close the plant in Vernon, Calif., just outside of Los Angeles, in early 2023, citing higher…

The rapidly spreading avian influenza outbreak in the U.S. that has led to the death of nearly 40 million birds is squeezing Hormel Foods turkey flocks, as meat prices hit their highest levels in years.The Austin, Minn.-based maker of Spam said its Jennie-O turkey brand faces an uncertain period as the bird flu outbreak is expected to continue to weigh on industrywide poultry supplies. Jennie-O Turkey Store sales volumes are expected to decline about 30% in the second half of the year due to supply gaps, HormelChief…