According to a report in Reuters, Tyson Foods has engaged Goldman Sachs to advise on the sale of its chicken assets in China. The integrated operation has annual sales of $1.1 billion. Tyson Foods International sales amounted to $1.9 billion out of $39.5 billion total over nine months ended July 1st.
The entire international segment of Tyson Foods operating income attained $5 million for the first quarter of Fiscal 2023. The protein market in China is oversupplied relative to the purchasing power of consumers as evidenced by the recent decline in the price of 
pork reflected in the quarterly report of the WH Group. A number of U. S. companies have withdrawn from China with a combined value of divestment attaining $8.4 billion in 2023.
Cargill disposed of its chicken business last year to DCP Capital. Manufacturers of infant formula including Reckitt Benckiser Group and Dutch Dairy Cooperative FrieslandCampina have also withdrawn from China.