The US Supreme Court made the decision not to hear an appeal from Tyson Foods Inc. regarding two lawsuits dealing with the liability of meatpacking companies during the early part of the COVID-19 pandemic.
Based on US pork production declining after a record-breaking 2020, pork prices and domestic availability for pork resulted in lower demand at the end of 2022, although still strong when considering five-year averages.
With a family-owned tradition dating back to 1941, Land O’Frost Inc., based in Lansing, Ill., has steadily grown as a respected processor of retail-based sliced lunch meats over the years.
Pilgrim’s said it was at a 66¢ loss per share, down from $36.46 million in the same period a year ago. Losses, adjusted for one-time gains costs, were 49¢ per share.