Tyson Foods Expects to Profit From Hog Fever in China, Warns It May Hit US

Tyson Foods Expects to Profit From Hog Fever in China, Warns It May Hit US
Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan borough of New York City, U.S. on May 11, 2017. Carlo Allegri/Reuters
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U.S. meat processor Tyson Foods Inc. said on May 6 that it could reap significant financial gains from an incurable hog disease that is spreading rapidly across Asia and expected to lift global pork prices.

Tyson projected its pork, chicken and beef units could all benefit from increased demand linked to outbreaks of African swine fever, after the company reported quarterly profits above analysts’ estimates.