Tyson Foods, the largest U.S. meat supplier, swung to a loss in its latest quarter and cut its sales forecast for the year as high costs across its business and deteriorating consumer demand squeezed the industry.
Tyson, which produces about one out of every 5 pounds of chicken, beef and pork sold in the U.S., posted a loss of $97 million in the three months ended April 1, compared with net income of $829 million a year earlier.
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