Tyson Foods Inc
Tyson has been unable to raise meat prices fast enough to offset higher costs. The price of corn fed to its chickens more than doubled this year, while cattle and hog prices are at record highs.
The largest U.S. meat processor earned $196 million, or 51 cents per share, for the third quarter ended on July 2, compared with $248 million, or 65 cents a share, a year earlier.
Revenue rose to $8.25 billion from $7.44 billion.
(Reporting by Phil Wahba; Editing by Lisa Von Ahn)