* 2nd quarter 2008 loss of $0.02 as compared to earnings of $0.19
   last year
 * 2nd quarter 2008 loss includes pretax charges of $47 million, or
   $0.08 per share after tax, related to plant closings and asset
   impairments
 * Pork operating margins 7.7% and 8.4% for the quarter and YTD
 * Beef operating margins improved $74 million vs 1st quarter 2008,or
   approximately $100 million excluding the plant closings and asset
   impairment
 * Chicken losses reflect significantly higher input costs; fiscal
   2008 increase in grain costs estimated to be $600 million

SPRINGDALE, Ark., April 28, 2008 (PRIME NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN), today reported a loss of $0.02 per diluted share for the second fiscal quarter ended March 29, 2008, compared to $0.19 diluted earnings per share in the same quarter last year. Second quarter 2008 sales were $6.6 billion compared to $6.5 billion for the same period last year. Operating income for the second quarter of fiscal 2008 was $44 million compared to $158 million, and net loss was $5 million compared to net income of $68 million, for the same period last year. In the second quarter of fiscal 2008, we recorded $47 million of charges related to plant closings and asset impairments.

Diluted earnings per share for the six months of fiscal 2008 were $0.08 compared to $0.35 in the same period last year. Sales for the six months of fiscal 2008 were $13.4 billion compared to $13.1 billion for the same period last year. Operating income for the six months of fiscal 2008 was $128 million compared to $303 million, and net income was $29 million compared to $125 million, for the same period last year. In the six months of fiscal 2008, we recorded an $18 million non-operating gain on the sale of an investment. Additionally, we recorded $53 million of charges related to plant closings, asset impairments and severance.

"Our second quarter results show the strength of a diversified protein business model," said Richard L. Bond, president and chief executive officer of Tyson Foods. "We continue to believe the second fiscal quarter should be our most challenging, and we are pleased with our results.

"Our Pork segment did very well, delivering its best January-March quarter ever," Bond said. "Our Beef segment improved $74 million over the first quarter of this fiscal year, or approximately $100 million excluding plant closing and asset impairment charges. The Chicken segment suffered losses due to significantly higher and volatile input costs. Our chicken and pork exports continue to be strong, and we are moving forward with our strategy for international expansion.

"Looking forward to the third quarter, the Beef segment should continue its improvement due to the start of grilling season and the encouraging news South Korea will resume imports of U.S. beef next month," Bond said. "The Pork segment should do well again, although not as well as the second quarter. In the Chicken segment, we anticipate an additional $100 million of increased grain costs over the second quarter, offset in part by operational improvements, pricing and risk management activities. For the year, corn and soybean meal increases are likely to approach $600 million. Including other inputs such as cooking oil, breading and other feed ingredients, the increase in costs for the fiscal year may approach $1 billion compared to fiscal 2007."



 Segment Performance Review (in millions)
 ---------------------------------------

                                 Sales
   (for the second quarter and six months ended March 29, 2008, and
                           March 31, 2007)
 -----------------------------------------------------------------------
                  Second Quarter                  Six Months
          --------------------------------------------------------------
                                   Avg.                            Avg.
                          Volume  Price                   Volume  Price
           2008    2007   Change  Change   2008    2007   Change  Change
          --------------------------------------------------------------
 Chicken  $2,154  $2,033  (1.2)%  7.2%   $4,252   $3,997  (4.7)%  11.6%
 Beef      2,995   3,006  (4.6)%  4.4%    6,143    6,069  (3.4)%   4.8%
 Pork        822     805   9.8%  (7.0)%   1,657    1,632   8.2%   (6.1)%
 Prepared 
  Foods      632     646  (0.2)% (1.8)%   1,308    1,338  (0.9)%  (1.3)%
 Other         9      11   n/a    n/a        18       23   n/a     n/a 
          --------------------------------------------------------------
 Total    $6,612  $6,501  (0.6)%  2.4%  $13,378  $13,059  (1.9)%   4.4%
          --------------------------------------------------------------


-----------------------------------------------------------------------
                       Operating Income (Loss)
   (for the second quarter and six months ended March 29, 2008, and
                           March 31, 2007)
-----------------------------------------------------------------------
                         Second Quarter             Six Months
                    ---------------------------------------------------
                                  Operating                  Operating
                                    Margin                     Margin
                    2008  2007   2008   2007   2008  2007   2008   2007
                    ---------------------------------------------------
 Chicken            $(61)  $61  (2.8)%  3.0%  $(26)  $134  (0.6)%  3.4%
 Beef                (11)   24  (0.4)%  0.8%   (96)     1  (1.6)%  0.0%
 Pork                 63    35   7.7%   4.3%   139     74   8.4%   4.5%
 Prepared Foods       20    20   3.2%   3.1%    52     51   4.0%   3.8%
 Other                33    18   n/a    n/a     59     43   n/a    n/a 
                    ---------------------------------------------------
 Total               $44  $158   0.7%   2.4%  $128   $303   1.0%   2.3%
                    ---------------------------------------------------

Items impacting operating income (loss):



 Q2 2008:
 $17 million charge related to the restructuring of our Emporia,
 Kansas, operation (Beef)
 $13 million charge related to the closing of our Wilkesboro, North
 Carolina, Cooked Products plant (Chicken)
 $12 million charge related to the impairment of packaging equipment
 (Beef $8 million; Pork $4 million)
 $5 million in charges related to software impairments (Chicken)

 Q2 2007:
 $9 million gain on disposition of aircraft (allocated among segments)
 $6 million charge related to an intangible asset impairment (Prepared
 Foods)

 YTD 2008:
 $17 million charge related to the restructuring of our Emporia,
 Kansas, operation (Beef)
 $13 million charge related to the closing of our Wilkesboro, North
 Carolina, Cooked Products plant (Chicken)
 $12 million charge related to the impairment of packaging equipment
 (Beef $8 million; Pork $4 million)
 $6 million charge related to severance (allocated among segments)
 $5 million in charges related to software impairments (Chicken)

 YTD 2007:
 $9 million gain on disposition of aircraft (allocated among segments)
 $6 million charge related to an intangible asset impairment (Prepared
 Foods)

 Chicken (32.6% of Net Sales - 2nd Quarter 2008)
         (31.8% of Net Sales - Six Months 2008)

Chicken segment sales were $2.2 billion and $4.3 billion, respectively, in the second quarter and six months of fiscal 2008. Operating loss was $61 million and $26 million, respectively, in the second quarter and six months of fiscal 2008. Sales increased as compared to the same periods in 2007 due to an increase in average sales prices, as well as an increase in sales volumes when excluding the impact of the sale of two poultry plants in fiscal 2007. Operating results were adversely impacted by increased grain costs of $102 million and $209 million, respectively, as compared to the same periods for fiscal 2007. Selling, general and administrative expenses were higher, largely due to increased advertising costs and a gain recorded in fiscal 2007 related to the sale of an aircraft. Operating results for the second quarter and six months of fiscal 2008 included charges of $13 million related to closing our Wilkesboro, North Carolina, Cooked Products plant and $5 million in software impairment charges.



 Beef (45.3% of Net Sales - 2nd Quarter 2008)
      (45.9% of Net Sales - Six Months 2008)

Beef segment sales were $3.0 billion and $6.1 billion, respectively, in the second quarter and six months of fiscal 2008. Operating loss was $11 million and $96 million, respectively, in the second quarter and six months of fiscal 2008. Operating results for the second quarter and six months of fiscal 2008 were negatively impacted by higher operating costs and losses at our Lakeside operation in Canada. Operating results for the second quarter and six months of fiscal 2008 included charges of $17 million related to restructuring operations at the Emporia, Kansas, plant, as well as $8 million related to an impairment of packaging equipment.



 Pork (12.4% of Net Sales - 2nd Quarter 2008)
      (12.4% of Net Sales - Six Months 2008)

Pork segment sales were $822 million and $1.7 billion, respectively, in the second quarter and six months of fiscal 2008. Operating income was $63 million and $139 million, respectively, in the second quarter and six months of fiscal 2008. Operating results as compared to the same periods in 2007 were impacted positively by lower average live prices, partially offset by lower average sales prices and higher operating costs. Operating results were also positively impacted by strong export sales, which led to increased sales volumes. Operating results for the second quarter and six months of fiscal 2008 included charges of $4 million related to an impairment of packaging equipment.



 Prepared Foods (9.6% of Net Sales - 2nd Quarter 2008)
                (9.8% of Net Sales - Six Months 2008)

Prepared Foods segment sales were $632 million and $1.3 billion, respectively, in the second quarter and six months of fiscal 2008. Operating income was $20 million and $52 million, respectively, in the second quarter and six months of fiscal 2008. Operating results as compared to the same periods in 2007 were negatively impacted by lower average sales prices. Raw material costs increased slightly, which included lower pork costs, offset by higher wheat costs. Operating income for the second quarter and six months of fiscal 2007 included an intangible asset impairment charge of $6 million.



                          TYSON FOODS, INC.
           CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS
                (In millions, except per share data)
                              (Unaudited)

                             Three Months Ended      Six Months Ended
                             -------------------   -------------------
                             March 29,  March 31,  March 29,  March 31,
                               2008       2007       2008       2007
                             --------   --------   --------   --------

 Sales                       $  6,612   $  6,501   $ 13,378   $ 13,059
 Cost of Sales                  6,306      6,138     12,767     12,359
                             --------   --------   --------   --------
                                  306        363        611        700
 Selling, General and
  Administrative                  232        205        447        395
 Other Charges                     30         --         36          2
                             --------   --------   --------   --------

 Operating Income                  44        158        128        303
 Other (Income) Expense:
  Interest                         53         56        104        115
  Other, net                       (1)        (5)       (20)        (5)
                             --------   --------   --------   --------
 Income (Loss) before Income
  Taxes                            (8)       107         44        193

 Income Tax Expense (Benefit)      (3)        39         15         68
                             --------   --------   --------   --------

 Net Income (Loss)           $     (5)  $     68   $     29   $    125
                             ========   ========   ========   ========

 Weighted Average Shares
  Outstanding:
  Class A Basic                   280        271        280        268
  Class B Basic                    70         77         70         80
  Diluted                         350        354        355        354
 Earnings (Loss) Per Share:
  Class A Basic              $  (0.02)  $   0.20   $   0.08   $   0.37
  Class B Basic              $  (0.01)  $   0.18   $   0.08   $   0.33
  Diluted                    $  (0.02)  $   0.19   $   0.08   $   0.35
 Cash Dividends Per Share:
  Class A                    $  0.040   $  0.040   $  0.080   $  0.080
  Class B                    $  0.036   $  0.036   $  0.072   $  0.072

 Sales Growth                     1.7%       4.0%       2.4%       2.8%
 Margins: (Percent of Sales)
  Gross Profit                    4.6%       5.6%       4.6%       5.4%
  Operating Income                0.7%       2.4%       1.0%       2.3%
  Net Income (Loss)              (0.1)%      1.0%       0.2%       1.0%
 Effective Tax Rate              32.5%      36.4%      35.0%      35.0%


                          TYSON FOODS, INC.
                CONSOLIDATED CONDENSED BALANCE SHEETS
                            (In millions)

                                           (Unaudited)
                                            March 29,    September 29,
                                              2008           2007
                                          -------------  -------------
 Assets
 Current Assets:
  Cash and cash equivalents               $          53  $          42
  Accounts receivable, net                        1,074          1,246
  Inventories                                     2,439          2,238
  Other current assets                              213             70
                                          -------------  -------------
 Total Current Assets                             3,779          3,596
 Net Property, Plant and Equipment                3,615          3,693
 Goodwill                                         2,487          2,485
 Intangible Assets                                  125            126
 Other Assets                                       361            327
                                          -------------  -------------
 Total Assets                             $      10,367  $      10,227
                                          =============  =============

 Liabilities and Shareholders' Equity
 Current Liabilities:
  Current debt                            $         265  $         137
  Trade accounts payable                          1,014          1,050
  Other current liabilities                         830            928
                                          -------------  -------------
 Total Current Liabilities                        2,109          2,115
 Long-Term Debt                                   2,689          2,642
 Deferred Income Taxes                              361            367
 Other Liabilities                                  454            372
 Shareholders' Equity                             4,754          4,731
                                          -------------  -------------
 Total Liabilities and Shareholders'
  Equity                                        $10,367        $10,227
                                          =============  =============


                          TYSON FOODS, INC.
           CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
                            (In millions)
                              (Unaudited)

                                                    Six Months Ended
                                                  --------------------
                                                  March 29,  March 29,
                                                    2008       2007
                                                  ---------  ---------
 Cash Flows From Operating Activities:
  Net income                                      $      29  $     125
  Depreciation and amortization                         251        256
  Deferred taxes and other, net                          33         52
  Net changes in working capital                       (169)       (90)
                                                  ---------  ---------
 Cash Provided by Operating Activities                  144        343
                                                  ---------  ---------

 Cash Flows From Investing Activities:
  Additions to property, plant and equipment           (210)       (94)
  Proceeds from sale of property, plant and
   equipment                                             19          8
  Proceeds from sale of investment                       21         --
  Purchases of marketable securities                    (83)       (79)
  Proceeds from sale of marketable securities            63         79
  Proceeds from sale of short-term investment            --        770
  Other, net                                             --          6
                                                  ---------  ---------
 Cash Provided by (Used for) Investing Activities      (190)       690
                                                  ---------  ---------

 Cash Flows From Financing Activities:
  Net borrowings (payments) on revolving credit
   facilities                                           195        (94)
  Payments of debt                                      (31)      (949)
  Proceeds from borrowings of debt                        3         --
  Purchases of treasury shares                          (16)       (38)
  Dividends                                             (28)       (28)
  Increase (decrease) in negative book cash
   balances                                             (73)        46
  Stock options exercised and other, net                  4         33
                                                  ---------  ---------
 Cash Provided by (Used for) Financing Activities        54     (1,030)
                                                  ---------  ---------

 Effect of Exchange Rate Change on Cash                   3          3
                                                  ---------  ---------

 Increase in Cash and Cash Equivalents                   11          6
 Cash and Cash Equivalents at Beginning of Year          42         28
                                                  ---------  ---------
 Cash and Cash Equivalents at End of Period       $      53  $      34
                                                  =========  =========

Tyson Foods, Inc., founded in 1935 with headquarters in Springdale, Arkansas, is the world's largest processor and marketer of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and service to customers throughout the United States and more than 80 countries. The company has approximately 104,000 Team Members employed at more than 300 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.

The Tyson Foods, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3224

A conference call to discuss the Company's financial results will be held at 9 a.m. Eastern today. To listen live via telephone, call 888-469-0487. A pass code and the leader's name will be required to join the call. The pass code is Tyson Foods and the leader's name is Ruth Ann Wisener. International callers dial 630-395-0017. The call also will be webcast live on the Internet at http://ir.tyson.com. Financial information, such as this news release, as well as other supplemental data, including Company distribution channel information, can be accessed from the Company's web site at http://ir.tyson.com. A telephone replay will be available through May 28 at 800-925-1765. International callers dial 203-369-3626.

Forward-Looking Statements

Certain information contained in the press release may constitute forward-looking statements, such as statements relating to expected earnings and results. These forward-looking statements are subject to a number of factors and uncertainties which could cause our actual results and experiences to differ materially from the anticipated results and expectations, expressed in such forward-looking statements. We wish to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. Among the factors that may cause actual results and experiences to differ from anticipated results and expectations expressed in such forward-looking statements are the following: (i) fluctuations in the cost and availability of inputs and raw materials, such as live cattle, live swine, feed grains (including corn and soybean meal) and energy; (ii) market conditions for finished products, including competition from other global and domestic food processors, supply and pricing of competing products and alternative proteins and demand for alternative proteins; (iii) successful rationalization of existing facilities and operating efficiencies of the facilities; (iv) risks associated with our commodity trading risk management activities; (v) access to foreign markets together with foreign economic conditions, including currency fluctuations, import/export restrictions and foreign politics; (vi) outbreak of a livestock disease (such as avian influenza (AI) or bovine spongiform encephalopathy (BSE)), which could have an effect on livestock we own, the availability of livestock we purchase, consumer perception of certain protein products or our ability to access certain domestic and foreign markets; (vii) changes in availability and relative costs of labor and contract growers and our ability to maintain good relationships with employees, labor unions, contract growers and independent producers providing us livestock; (viii) issues related to food safety, including costs resulting from product recalls, regulatory compliance and any related claims or litigation; (ix) changes in consumer preference and diets and our ability to identify and react to consumer trends; (x) significant marketing plan changes by large customers or loss of one or more large customers; (xi) adverse results from litigation; (xii) risks associated with leverage, including cost increases due to rising interest rates or changes in debt ratings or outlook; (xiii) compliance with and changes to regulations and laws (both domestic and foreign), including changes in accounting standards, tax laws, environmental laws and occupational, health and safety laws; (xiv) our ability to make effective acquisitions or joint ventures and successfully integrate newly acquired businesses into existing operations; (xv) effectiveness of advertising and marketing programs; (xvi) the effect of, or changes in, general economic conditions; and (xvii) those factors listed under Item 1A. "Risk Factors" included in our September 29, 2007, Annual Report filed on Form 10-K.

Tyson Foods, Inc.
Media Contact:
Gary Mickelson
  479-290-6111
Investor Contact:
Ruth Ann Wisener
  479-290-4235