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Insurance Payment To Jefferson Plant Pushes Tyson Profits North


JEFFERSON, Wis. (WTAQ) - Tyson Foods made money in its last quarter, in part because it got an insurance payment from the devastating flood at its Jefferson plant in 2008. Tyson, which is based in Arkansas, said it received $8 million in insurance proceeds from its Jefferson plant – which was temporarily closed in the summer of ’08. It was a small factor behind an overall profit of $160 million for Tyson from October through December. That compares to a loss of $102 million in the same quarter the previous year. Tyson’s beef, chicken, and pork lines all made money in the first quarter of its fiscal year. And the chicken line had its third straight quarterly profit.