Tyson Raises Revenue Outlook as Beef, Chicken Prices Surge
- Beef prices climbed 24% in second quarter, with chicken up 14%
- Tyson shares are trading higher in New York trading Monday
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Tyson Foods Inc. lifted its revenue outlook as prices for chicken and beef continue to soar.
The biggest U.S. meat company by sales raised its full-year revenue outlook to a range of $52 billion to $54 billion, from $49 billion to $51 billion previously.