Tyson Foods Under Pressure Due To Rising Feed Costs

Meat processor Tyson Foods, Inc. (NYSE:TSN) missed on both revenue and estimates for its third quarter, and lowered its forecast for 2012 sales, as the company faced consumer resistance to rising meat prices and cost pressures, due to rising grain prices. At the time of writing, Tyson's shares were down 4.48 percent to $14.71.

Net earnings were down to $76 million (21 cents a share) from $196 million (51 cents a share) in the year ago period. Excluding items, earnings for the quarter were 50 cents a share. Analysts on the other hand expected...