Investment Thesis
Tyson Foods (TSN) had a tough Q1 2019 due to unfavorable meat prices. China's imposed retaliatory tariffs on United States fresh pork has resulted in margin compression of its business. Nevertheless, future outlook looks bright as demand for North American pork is expected to rise due to the spread of African swine flu in China. A trade deal between the United States and China will likely also lead to a removal of tariffs by the Chinese government. This should spark demand for North American pork. However, Tyson Foods' share price appears