Tyson Foods shares rise 20% on strong Q2, boosted by soaring chicken demand amid high beef prices

Tyson Foods' shares have climbed about 20%, reaching new 52-week highs after an 8% jump following its fiscal Q2 earnings report that exceeded expectations. The company's strong performance is driven by high demand in its Chicken segment, which benefits from elevated beef prices making chicken a more attractive option. This trend supports Tyson's ongoing growth, though shares are currently rated as a 'hold' at these levels. Investors should watch how demand dynamics evolve in the coming quarters.