Tyson shares dive more than 7% after the company cuts profit due to Trumps tariffs - GoFuckYourself.com

Bladewire · 07-31-2018, 08:55 AM

Tyson shares dive more than 7% after the company cuts profit due to Trumps tariffs

Shares of Tyson fell 7.6 percent to a 52-week low Monday after the food company cut its full-year guidance on trade worries related to the Trump administration's imposition of tariffs and a turbulent commodities market.

The international food company now expects adjusted earnings for fiscal year 2018 at approximately $5.70 to $6.00, down from a range of $6.55 to $6.70.

"The combination of changing global trade policies here and abroad, and the uncertainty of any resolution, have created a challenging market environment of increased volatility, lower prices and oversupply of protein," said Tom Hayes, Tyson Foods president and chief executive officer. "We will continue to watch these conditions carefully."

The company, which raises and processes chicken, pork, beef and prepared foods, detailed its reasons for providing investors with an update for the fiscal year in a press release dated July 30. According to the document, the primary drivers for the reduced guidance are:

"Uncertainty in trade policies and increased tariffs negatively impacting domestic and export prices - primarily chicken and pork"
"Increased volatility in the commodity markets resulting in a greater than expected increase in the domestic supply of proteins and lower sales prices"

"Sluggish domestic chicken demand due to such pricing of competing proteins"
"Pork margin compression driven by an imbalance in supply and demand"
"A benefit from tax reform of about $0.77 per share vs. a previous projection of $0.85 cents per share."
The United States has been embroiled in a growing tit-for-tat trade war in recent months as President Donald Trump's administration seeks to force economic partners like China, Mexico and the European Union into more favorable trade deals.

Following the White House's decision to slap duties on imported steel and aluminum, however, Mexico imposed a 10 percent tariff on chilled and frozen pork muscle cuts, which took effect June 5 and doubled to 20 percent earlier this month. Such tariffs have had a direct impact on the American agricultural sector as foreign governments take aim Republican-heavy electoral regions in an effort to pressure lawmakers into opposing Trump's actions.

China, meanwhile, started collecting an additional 25 percent import duty on $34 billion worth of U.S. goods in response to President Trump's actions against Beijing for intellectual property theft. The country's retaliatory measures include tariffs on soybeans, corn, wheat, cotton, whiskey and dairy. Nearly $20 billion in U.S. agricultural exports went to China last year, with the more than half of that amount coming from soybeans.

One in 4 hogs raised in the U.S. is sold overseas, and the Chinese are the world's top consumers of pork.

Rochard · 07-31-2018, 09:01 AM

The end is coming.

Bladewire · 07-31-2018, 10:07 AM

Quote:

Originally Posted by Rochard

The end is coming.

crockett · 07-31-2018, 10:21 AM

Tyson was one of the companies who betted on keeping production up hoping the tariffs wouldn't stay long. Have to give them credit, because cutting production means hurting the farmers that raise the live stock.

When production gets cut off like that, it means those farmers are stuck with a ton of livestock they can't sell but have their money tied up in.

crockett · 07-31-2018, 10:25 AM

This effects everyone down the line from the tyson factory workers to the farmers, from the truckers who haul those smelly ass cattle/chicken trailers to the truckers deliver to the end users..

It even effects pet food companies because much of the scrap by product foods are used in pet food.

Bladewire · 07-31-2018, 10:39 AM

Tyson foods is a multinational multi-billion dollar corporation (Trump's real base) that ships food to over 100 countries around the world. The first round of tarrifs went into effect July 9th and Tyson has lost over 7% if it's worth already, and we're not even a month in yet....

crockett · 07-31-2018, 10:56 AM

Quote:

Originally Posted by Bladewire

Tyson foods is a multinational multi-billion dollar corporation (Trump's real base) that ships food to over 100 countries around the world. The first round of tarrifs went into effect July 9th and Tyson has lost over 7% if it's worth already, and we're not even a month in yet....

All to save 600 steel workers jobs... that wont even be saved in the long run..

Bladewire · 08-01-2018, 12:44 PM

Quote:

Originally Posted by crockett

All to save 600 steel workers jobs... that wont even be saved in the long run..

True. People are waking up to Trump's bullshit and they're pissed they were taken for a ride.

astronaut x · 08-01-2018, 12:52 PM

Tyson.. a corporation that has a history of hiring illegal immigrants.

crockett · 08-01-2018, 04:03 PM

Quote:

Originally Posted by astronaut x

Tyson.. a corporation that has a history of hiring illegal immigrants.

Kinda like Trump...

beerptrol · 08-01-2018, 04:58 PM

Steel is doing great and that's all that matters.

Maybe Chump will bail them out too!

beerptrol · 08-01-2018, 05:02 PM

Quote:

Originally Posted by crockett

Kinda like Trump...

Yep and they will continue to do so because they get a slap on the wrist when caught and allowed to keep most of the money saved by hiring illegals

07-31-2018, 08:55 AM	#1
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Tyson shares dive more than 7% after the company cuts profit due to Trumps tariffs Tyson shares dive more than 7% after the company cuts profit due to Trumps tariffs Shares of Tyson fell 7.6 percent to a 52-week low Monday after the food company cut its full-year guidance on trade worries related to the Trump administration's imposition of tariffs and a turbulent commodities market. The international food company now expects adjusted earnings for fiscal year 2018 at approximately $5.70 to $6.00, down from a range of $6.55 to $6.70. "The combination of changing global trade policies here and abroad, and the uncertainty of any resolution, have created a challenging market environment of increased volatility, lower prices and oversupply of protein," said Tom Hayes, Tyson Foods president and chief executive officer. "We will continue to watch these conditions carefully." The company, which raises and processes chicken, pork, beef and prepared foods, detailed its reasons for providing investors with an update for the fiscal year in a press release dated July 30. According to the document, the primary drivers for the reduced guidance are: "Uncertainty in trade policies and increased tariffs negatively impacting domestic and export prices - primarily chicken and pork" "Increased volatility in the commodity markets resulting in a greater than expected increase in the domestic supply of proteins and lower sales prices" "Sluggish domestic chicken demand due to such pricing of competing proteins" "Pork margin compression driven by an imbalance in supply and demand" "A benefit from tax reform of about $0.77 per share vs. a previous projection of $0.85 cents per share." The United States has been embroiled in a growing tit-for-tat trade war in recent months as President Donald Trump's administration seeks to force economic partners like China, Mexico and the European Union into more favorable trade deals. Following the White House's decision to slap duties on imported steel and aluminum, however, Mexico imposed a 10 percent tariff on chilled and frozen pork muscle cuts, which took effect June 5 and doubled to 20 percent earlier this month. Such tariffs have had a direct impact on the American agricultural sector as foreign governments take aim Republican-heavy electoral regions in an effort to pressure lawmakers into opposing Trump's actions. China, meanwhile, started collecting an additional 25 percent import duty on $34 billion worth of U.S. goods in response to President Trump's actions against Beijing for intellectual property theft. The country's retaliatory measures include tariffs on soybeans, corn, wheat, cotton, whiskey and dairy. Nearly $20 billion in U.S. agricultural exports went to China last year, with the more than half of that amount coming from soybeans. One in 4 hogs raised in the U.S. is sold overseas, and the Chinese are the world's top consumers of pork.

07-31-2018, 09:01 AM	#2
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 72,907	The end is coming. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

07-31-2018, 10:21 AM	#4
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	Tyson was one of the companies who betted on keeping production up hoping the tariffs wouldn't stay long. Have to give them credit, because cutting production means hurting the farmers that raise the live stock. When production gets cut off like that, it means those farmers are stuck with a ton of livestock they can't sell but have their money tied up in. __________________ In November, you can vote for America's next president or its first dictator.

07-31-2018, 10:25 AM	#5
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	This effects everyone down the line from the tyson factory workers to the farmers, from the truckers who haul those smelly ass cattle/chicken trailers to the truckers deliver to the end users.. It even effects pet food companies because much of the scrap by product foods are used in pet food. __________________ In November, you can vote for America's next president or its first dictator.

08-01-2018, 12:52 PM	#9
astronaut x Too lazy to set a custom title Industry Role: Join Date: May 2011 Location: From this www and beyond! Posts: 4,844	Tyson.. a corporation that has a history of hiring illegal immigrants. __________________ Hello

07-31-2018, 10:39 AM	#6
Bladewire StraightBro Industry Role: Join Date: Aug 2003 Location: Monarch Beach, CA USA Posts: 56,232	Tyson foods is a multinational multi-billion dollar corporation (Trump's real base) that ships food to over 100 countries around the world. The first round of tarrifs went into effect July 9th and Tyson has lost over 7% if it's worth already, and we're not even a month in yet....

08-01-2018, 04:58 PM	#11
beerptrol Confirmed Asshole Industry Role: Join Date: Feb 2003 Location: Half way between sobriety and fubar. Posts: 12,722	Steel is doing great and that's all that matters. Maybe Chump will bail them out too! __________________ “If we are to have another contest in the near future of our national existence, I predict that the dividing line will not be Mason and Dixon's but between patriotism and intelligence on the one side, and superstition, ambition and ignorance on the other.” -- Ulysses S. Grant