Tyson Foods shares fell 10 percent on Monday as the U.S. meat processor reported weaker-than-expected quarterly earnings and warned of supply constraints and reduced demand for high-priced beef.
The sell-off left shares down about 8 percent for the year and 20 percent from an all-time high reached in February, as inflation and broader economic concerns bite into a U.S. meat sector that had enjoyed booming profits throughout the pandemic.
