Amarillo man killed in accident at Tyson Foods plant
by Matthew Watkins, ABC News Amarillo (TX)
August 6th 2019
POTTER COUNTY, Texas (KVII) — A 34-year-old Tyson Foods employee from Amarillo was killed in an occupational accident on Friday, the Potter County Sheriff's Office said on Tuesday.
According to the Sheriff's Office, deputies were called to Tyson Foods, 5000 N. FM 1912, for an occupational accident. An employee, identified as Warren Jay Slaton, 34, of Amarillo, was working on line equipment when be was pinned between several loaded pallets.
When deputies arrived at the Tyson Plant, employees were performing CPR on Slaton.
Slaton was pronounced deceased at the scene.
Justice of the Peace Robert Taylor has ordered an autopsy.
OSHA was contacted and is involved in the investigation.
Tyson Foods issued the following statement regarding Friday's incident:
Tyson Foods hits record high, prepares for China profit boost
By By Tom Polansek, Reuters
via The Western Producer (Canada) - August 6, 2019
(Reuters) – Tyson Foods Inc reported better-than-expected quarterly earnings on Monday and reaffirmed expectations it will profit from the spread of a fatal hog disease in China, sending shares to a record high.
Tyson has not yet reaped major financial gains from the deaths of millions of pigs in China‘s outbreak of African swine fever, Chief Executive Noel White said. China is still working its way through frozen meat supplies, but could begin to increase imports of U.S. pork to fill a shortfall as soon as October, he said.
Shares hit a record high of $87.27.
African swine fever is fatal to pigs but harmless to humans and has not been found in the United States.
China could also ramp up total imports of beef and poultry meat as Chinese consumers look for other sources of protein. That could help Tyson, which produces beef and chicken as well as pork.
“I think that all of the proteins will benefit,” White told analysts on a conference call.
Tyson has already held discussions with meat buyers in China, the world’s largest hog producer and pork consumer, White said.
But China‘s purchases so far have fallen short of industry expectations so far after Beijing last year imposed retaliatory duties on imports of American farm products including pork as part of the escalating U.S.-China trade war.
“As China depletes its frozen inventory and starts tapping into the global pork supply in a more meaningful way, we expect Tyson to start realizing meaningful upside, likely in early FY20,” Bernstein analyst Alexia Howard said.
Higher corn prices could limit profits for Tyson, which buys the grain to feed chickens. The size of the American crop is uncertain after farmers suffered unprecedented plantings delays this spring due to widespread flooding.
Tyson expects a year-over-year increase of $150 million to $200 million in the cost of grain, Chief Financial Officer Stewart Glendinning said.
The company recorded a $40 million gain in its chicken unit in the third quarter ended June 29 as corn futures rose, benefiting the company’s position in the grain market. However, much of that profit is likely to be reversed in the fourth quarter as corn prices have pulled back, Glendinning said...