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July 28, 2014
06:05 EDTTSNTyson Foods expects FY15 domestic protein production to incresae 1%
Grain supplies are expected to increase in fiscal 2015, which should result in lower input costs as well as decreased costs for cattle and hog producers. U.S. chicken production to increase around 2% in fiscal 2015 compared to fiscal 2014. Expects lower feed costs for chicken in fiscal 2015 compared to fiscal 2014 of approximately $400M. The Chicken segment's operating margin should be at or above 10% in fiscal 2015. Expects to see a reduction of industry fed cattle supplies of 4-5% in fiscal 2015 as compared to fiscal 2014. Sees Beef segment's profitability will be similar to fiscal 2014. Expects industry hog supplies to increase around 2% in fiscal 2015 compared to fiscal 2014. For fiscal 2015, we believe our Pork segment's operating margin will be in its normalized range of 6%-8%.
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