updated 5/10/2010 11:42:33 AM ET 2010-05-10T15:42:33

THE RESULTS: Meat producer Tyson Foods had a profitable second quarter because of improvements in its chicken business and higher beef and pork revenue. Demand also picked up for exports and in restaurants at home.

THE SUPPLY: The industry has been cutting supply to boost prices and improve profits, to make up for weak demand and volatile ingredient costs. CEO Donnie Smith says improvements happened sooner than Tyson expected.

THE YEAR: Tyson expects chicken demand to improve the rest of the year, and prices to increase as inventories are depleted. Beef should also improve as restaurant demand picks up.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.66%
$30K home equity loan FICO 4.97%
$75K home equity loan FICO 4.34%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 11.22%
11.09%
Cash Back Cards 16.44%
16.42%
Rewards Cards 16.09%
16.04%
Source: Bankrate.com