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Tyson, a leading producer of Iowa pork, sees sales slump amid high costs, low demand


Des Moines Register: Reduced global and domestic demand is hitting one of the top producers in Iowa’s nation-leading pork industry. Arkansas-based meatpacking giant Tyson Foods reported Monday that it earned about $25 million from its pork division for the three-month period ending July 3, down about 63% from the same quarter last year. Pork is a small part of Tyson’s business, accounting for just 2% of the company’s total profit last quarter. But the industry is a key element for the economy of Iowa. Overall, Tyson reported $1.03 billion in operating income in its third quarter, down 2.7% from the same period in 2021.

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