Tyson Foods sales hit by slowing demand, to shut four more US chicken plants

for livestock, while lingering drought conditions limit the amount of pasture available for grazing.

"Domestic consumers continue to look for lower-cost protein alternatives, trading down from higher-cost proteins like pork or reducing overall protein consumption," Rabobank said in July. Net loss attributable to Tyson was $417 million, or $1.18 per share, in the reported quarter, compared to a net income of $750 million, or $2.07 per share, a year earlier. On an adjusted basis, the company earned 15 cents per share in the quarter ended July 1.Our Standards:Granth reports on the North American Consumer and Retail sector, covering a broad range of companies from consumer packaged goods and restaurants to department stores and apparel retailers.

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