News

Meat and Poultry Processing

Kimberly Redmond | Equities.com |

Tyson Foods, one of the biggest meat companies in the US, announced plans Monday to provide free, onsite COVID-19 vaccinations to the thousands of employees at its seven food processing plants in Iowa.

In a press release, Tyson said it expects many of the 13,000 workers will opt to participate in vaccination clinics this week at or near its facilities in Columbus Junction, Council Bluffs, Independence, Perry, Sioux City, Storm Lake and Waterloo.


Reuters | Equities.com |

At least six people were killed and 12 hospitalized on Thursday after a suspected liquid nitrogen leak at a poultry plant in the U.S. state of Georgia, police and fire services officials said.

Five people died at the Foundation Food Group plant in Gainesville, about 60 miles (97 km) northeast of Atlanta, and one died after being transferred to hospital, the officials said.

Nicholas Ancrum, a spokesman for Foundation Food Group, said it appeared a nitrogen line had burst and the cause was under investigation.


Reuters | Equities.com |

Pilgrim’s Pride Corp and Tyson Foods Inc said on Monday they have settled price-fixing litigation by a group of poultry buyers that accused them of violating U.S. antitrust law by conspiring to inflate chicken prices.

Pilgrim’s Pride, owned mainly by Brazil’s JBS SA, will pay $75 million to settle claims by purchasers that bought chickens directly from the company. The size of Tyson’s settlement with the same purchasers was not disclosed.

Neither company admitted liability, and both said settling was in their best interests.

Both settlements require approval by a federal judge in Chicago.


Reuters | Equities.com |

U.S. fast-food restaurant chain Chick-fil-A sued top chicken suppliers alleging they artificially raised prices on billions of dollars of its purchases in the latest litigation facing the poultry industry.

The lawsuit filed Friday names 17 defendants including Perdue Farms, Tyson Foods Inc, Pilgrim’s Pride and Sanderson Farms Inc alleging they shared bids and pricing details, leading the Atlanta-based restaurant chain to overpay for supplies.


AP News | Equities.com |

Tyson Foods suspended top officials at its largest pork plant on Thursday and launched an investigation into allegations that they bet on how many workers would get infected during a widespread coronavirus outbreak.

The company’s president and CEO, Dean Banks, said he was “extremely upset” about the allegations against managers at its plant in Waterloo, Iowa, saying they do not represent the company’s values. He said Tyson has retained the law firm Covington & Burling LLP to conduct an investigation, which will be led by former U.S. Attorney General Eric Holder.

“If these claims are confirmed, we’ll take all measures necessary to root out and remove this disturbing behavior from our company,” Banks said in a statement.