Tyson expects a deeper beef loss of up to US$775 million as cattle shortages and volatile prices drive margin pressure and prompt further operational changes.
Tyson expects the changes to create annual savings of between US$100 million and US$150 million, according to analysts at Stephens Inc.
Beef volumes fell 15.9% in the third quarter as limited cattle supplies continued to push up costs.
Products feature naturally hardwood smoked meats with 11 to 13 grams of protein per serving and no artificial preservatives.
Tyson Foods is relying on pricing, efficiency measures and consumer data to support Prepared Foods growth