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TSN Jun 2024 52.500 put
| Previous close | 0.1000 |
| Open | 0.0700 |
| Bid | 0.0500 |
| Ask | 0.1000 |
| Strike | 52.50 |
| Expiry date | 2024-06-21 |
| Day's range | 0.0500 - 0.0700 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.31k |
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ReutersTyson Foods unsure when tight US cattle supplies will expand, CEO says
Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight supplies squeeze the meatpacker's beef business. Producers slashed the herd to its lowest level in decades due to high feed costs and drought in the western United States, increasing the prices Tyson must pay to buy livestock for processing. Lower costs for grains fed to cattle and improved conditions for grazing are encouraging factors for increasing the U.S. herd, though high interest rates are a headwind, King said at a BMO Global Farm to Market Conference.
