And Now Food Deflation? US Food Giant Tyson Tumbles On Falling Beef, Chicken Prices, Sliding Pork Demand

The largest US meat company, Tyson Foods, badly missed Wall Street estimates for quarterly profit on Monday and cut its expectations for operating margins this year in the face of falling – yes falling – beef prices, easing demand for pork, and an ongoing crash in chicken prices as a result of overproduction.