TOP STORIES

Tyson Scion to Lead Sustainability Push

SPRINGDALE, Ark. -- A member of Tyson Foods Inc.'s founding family is calling on the meat industry to address issues like resource conservation and food waste.

John R. Tyson, the company's chief sustainability officer and son of Chairman John Tyson, said the company is seeking to form a world-wide coalition of protein producers, academics and environmental and human-rights groups, to work together on social and environmental issues.

STORIES OF INTEREST

Sustainability Advocates Mull Tyson Appointment -- Market Talk

14:43 ET - What does it mean that John R. Tyson, the fourth generation of Tyson Foods' founding family, last year joined the meat company in a sustainability role? The move "sends a powerful signal about their intentions in this space and the legacies they want to build for their company," says Jenny Ahlen, supply chain director for the Environmental Defense Fund, which is working with Tyson on sustainable farming practices. Investor Advocates for Social Justice, which has engaged Tyson for years on sustainability matters, is reserving judgment: Assuming Tyson eventually takes a senior leadership or governance role, "starting in sustainability grounds him in that issue and understanding how the business can grow and be sustainable at the same time," says IASJ executive director Mary Beth Gallagher. (jacob.bunge@wsj.com; @jacob bunge)

Tyson Family's Fourth Generation Chart Their Own Course -- Market Talk

14:53 ET - Tyson Foods Chairman John Tyson, who has spent his entire career at the company his grandfather founded, said there's no set career path mapped out for the family's next generation. Tyson's son and daughter both have sat in on Tyson board meetings as observers, and last September his son John R. Tyson joined the company as chief sustainability officer. "My challenge to my children is, are you having fun, and making a difference?" the elder Tyson says in an interview. He says he sometimes pops into his son's office to talk sports, politics, and work. The Tyson family maintains control of the company through supervoting shares. (jacob.bunge@wsj.com; @jacobbunge)

Tyson Foods CEO Expresses Confidence After Trade Deals -- Market Talk

0930 GMT - Tyson Foods CEO Noel White says he is "very pleased to see the U.S.-China trade deal come together." He adds: "From a trade perspective we feel very good about the agreements that have come together." The chief executive of the U.S.'s biggest meatpacker says on the sidelines of the World Economic Forum in Davos "the global economy is healthy, not as healthy as a few years ago, but still healthy." (natasha.khan@wsj.com)

Most Meat Will Be Fake by 2040: Statista -- Market Talk

1339 GMT - Lab-grown and plant-based meat will make up 60% of meat products by 2040, Statista says. "Biotechnology is developing trend-setting products to counteract the effects of climate change and at the same time meet the increasing population growth," the online statistics platform says. Statista says artificial meat is part of the green tech trend, which together with 11 other trends has $2.7 trillion of revenue potential by 2025. (dieter.holger@wsj.com; @dieterholger)

FUTURES MARKETS

Livestock Slips Ahead of Cold Storage Report -- Market Talk

15:52 ET - Lean hog futures on the CME fall 0.5% to 67.35 cents per pound, while live cattle futures were virtually unchanged at $1.27225 per pound after returning from the long holiday weekend. Traders are looking toward the USDA's cold storage report being issued at 3pm ET Wednesday, which traders hope will show some sort of decrease in pork and beef inventories, Allendale Inc says. (kirk.maltais@wsj.com; @kirkmaltais)

CASH MARKETS

 
Estimated U.S. Pork Packer Margin Index - Jan 21 
 
 This report reflects U.S. pork packer processing margins. The margin indices 
are calculated using current cash hog or carcass values and wholesale pork 
cutout values and may not reflect actual margins at the plants. These 
estimates reflect the general health of the industry and are not meant to 
be indicative of any particular company or plant. 
Source: USDA, based on Wall Street Journal calculations 
All figures are on a per-head basis. 
 
Date     Standard Margin       Estimated margin 
         Operating Index         at vertically - 
                             integrated operations 
 
Jan 21       +$ 49.26            +$ 33.61 
Jan 20       +$ 46.89            +$ 31.01 
Jan 17       +$ 47.49            +$ 26.93 
 
* Based on Iowa State University's latest estimated cost of production. 
A positive number indicates a processing margin above the cost of 
production of the animals. 
 
Beef-O-Meter 
This report compares the USDA's latest beef carcass composite 
values as a percentage of their respective year-ago prices. 
                                 Beef 
          For Today             Choice   99.7 
      (Percent of Year-Ago)     Select  101.2 
 
USDA Boxed Beef, Pork Reports 

Wholesale choice-grade beef prices Tuesday fell 13 cents per hundred pounds, to $214.51, according to the USDA. Select-grade prices fell 1 cent per hundred pounds, to $213.47. The total load count was 115. Wholesale pork prices rose $1.21, to $77.37 a hundred pounds, based on Omaha, Neb., price quotes.

(END) Dow Jones Newswires

January 21, 2020 17:32 ET (22:32 GMT)

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