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For instance, the U.S. has blocked shipments of cotton coming from China, a top manufacturer of popular clothing brands, because it was produced by forced or prison labor. While prison labor seeps into the supply chains of some companies through third-party suppliers without them knowing, others buy direct. Cargill acknowledged buying goods from prison farms in Tennessee, Arkansas and Ohio, saying they constituted only a small fraction of the company’s overall volume. For instance, about a dozen state prison farms, including operations in Texas, Virginia, Kentucky and Montana, have sold more than $60 million worth of cattle since 2018. “What for?”FOLLOWING THE MONEYThe business of prison labor is so vast and convoluted that tracing the money can be challenging.

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☆ Roger Sprung, Banjo Virtuoso of N.Y.C. Folk Scene, Dies at 92
▼ + stars: | 2023-08-02 | by ( Alex Williams | More About Alex Williams | ) www.nytimes.com time to read: +1 min

Roger Sprung, a banjo virtuoso and key figure in New York’s midcentury folk music revival, whose innovative picking and genre-mashing audacity earned him the unofficial title of the godfather of progressive bluegrass, died on July 22 at his home in Newtown, Conn. A New York City native who honed his skills early on by playing mountain music festivals in Virginia and the Carolinas, Mr. In the late 1950s, he played with a folk trio, the Shanty Boys, who recorded for Elektra Records. Sprung was inducted into the American Banjo Museum Hall of Fame in Oklahoma City, which cites the Kingston Trio and Béla Fleck as having been influenced by him. Steve Martin, another Hall of Fame member whose banjo prowess was a cornerstone of his early comedy act, has owned a Gibson RB-18 five-string that once belonged to Mr.

Persons: Roger, Nancy, Kay Starr, Jimmy Dean, Béla Fleck, Steve Martin Organizations: York City, Carolinas, Boys, Elektra Records, Carnegie Hall, Lincoln Center, American Banjo Museum Hall of Fame, Kingston Trio, Fame, Gibson Locations: Newtown, Conn, York, Virginia, Greenwich Village, Oklahoma City

☆ Meet the billionaire family behind Tyson Foods, the beef, pork, and chicken juggernaut whose heir apparent has battled legal troubles
▼ + stars: | 2023-05-10 | by ( Dominick Reuter | Katie Warren | ) www.businessinsider.com time to read: +1 min

Tyson Foods owns brands including Jimmy Dean and Hillshire Farm, producing roughly 20% of America's beef, chicken, and pork. The Arkansas-based company made $53.6 billion in sales last year and has been family-run for generations. Chairman John H. Tyson and his family are worth $2.3 billion, making the Tysons one of the country's wealthiest families. The company has been family-run ever since it was founded in 1931, with chairman John H. Tyson — grandson of founder John W. Tyson — and his relatives controlling a majority of the company's stock. Here's a look at the massive beef, pork, and poultry company and the billionaire family behind it.

☆ Tyson Foods misses quarterly sales estimates
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - Tyson Foods Inc (TSN.N) missed Wall Street estimates for quarterly revenue on Monday, pinched by falling beef prices and lower volumes in its pork segment. While soaring prices of beef, chicken and pork boosted sales at Tyson last year, the company reported an 8.5% drop in average sales price of beef in the reported quarter. The fall in beef prices dragged Tyson's sales at a time demand is already taking a hit from penny-pinched Americans reducing their spending on pricier meat cuts. The U.S. meatpacker's sales rose to $13.26 billion in the first quarter from $12.93 billion a year earlier. Analysts on average had expected sales of $13.52 billion, according to IBES data from Refinitiv.

☆ Tyson Foods sees annual sales above estimates on steady demand for meat
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +2 min

Nov 14 (Reuters) - U.S. meatpacker Tyson Foods Inc (TSN.N) on Monday forecast full-year sales above Wall Street estimates, signaling steady demand for its higher-priced chicken and beef despite decades-high levels of inflation. The Springdale, Arkansas-based company projected full-year 2023 sales between $55 billion and $57 billion, compared with analysts' expectation of $53.60 billion, according to IBES data from Refinitiv. Demand for premium cuts of beef declined in the fourth quarter compared to a year earlier, Tyson said. Sales volume at the company's chicken business, the largest after beef, increased 1.1% in the quarter, even as Tyson raised prices by an average 18.2%. Tyson posted an operating margin of 5.6% in the reported quarter, compared with 14.9% a year earlier.

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