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Visualizing The Beef-Margin Bloodbath Behind Tyson CEO's Exit

Tyson Foods CEO Donnie King is stepping down after five years at the helm of the nation's largest meatpacker, with the stock having languished under his tenure as the company battled some of the worst cattle-market conditions in a generation.

Jeff Schomburger, a long-time Tyson board member, will become president and CEO on October 4. King, a 43-year Tyson veteran, will remain on the board and help with the transition beginning in July.

"The board and I are confident in Jeff Schomburger's ability to lead Tyson Foods into its next chapter of growth," said John Tyson, Chairman of the Board of Tyson Foods.

He added, "The Board looks forward to working with Jeff to drive sustainable growth, enhance shareholder value, and build on the strong momentum Tyson Foods has established."

"Donnie King's long tenure at Tyson Foods, including his leadership as CEO, has strengthened our business and shaped our culture," Tyson said. "We are grateful for his steady guidance and look forward to continuing to leverage his expertise within the Board."

Shares of Tyson have severely underperformed under King's tenure, down around 18% as of Wednesday's close.

King's exit comes after Tyson navigated one of the tightest U.S. cattle markets in decades, which pressured its beef business and contributed to losses in the segment.

There is some good news for Schomburger: The U.S. cattle herd rebuilding phase is underway, as initial 2026 data show a higher year-over-year heifer retention rate, according to Rabobank analysts.

Tyler Durden Thu, 05/28/2026 - 21:20

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Newsom Signs New Election Codes Into Law Ahead Of Statewide Primary

Authored by Kimberly Hayek via The Epoch Times,

California Gov. Gavin Newsom signed into law additions to the election code on Wednesday, which his office says will protect state elections against any attempts of political interference by the Trump administration and its allies ahead of the November midterm elections.

California Gov. Gavin Newsom at a conference in Belem, Para State, Brazil, on Nov. 11, 2025. Mauro Pimentel/AFP via Getty Images

The new law, Senate Bill 73, authored by state Democratic Sens. Sabrina Cervantes and Tom Umberg, prohibits any person - including federal agents - from accessing voter rolls or election technology without a court order. It also restricts law enforcement from disrupting election workers except in public safety emergencies and makes it a crime to knowingly remove voted ballots from the custody of election officials.

Newsom signed the election legislation five days ahead of California's June 2 statewide primary, where a crowded and closely watched governor's race is already underway.

The new law took immediate effect.

"We have to step up, and we have to draw the line. We have to clarify the rules of engagement," Newsom told reporters before signing the legislation. "It's a warning to the folks out there that think they can do the bidding of the Trump administration."

The White House pushed back against allegations from Newsom's office that it would be involved in disrupting "lawful election administration" and sending "armed law enforcement to intimidate voters or steal ballots." Spokeswoman Abigail Jackson said President Donald Trump remains committed to ensuring that all Americans have full confidence in election administration.

Newsom framed the signing as a direct response to what he called "legitimate anxiety" about the administration's actions - some of which he said have already played out in California and across other Democratic-led states. Trump administration officials say they have no plans to send immigration law enforcement agents to polling locations - a concern raised by several Democratic secretaries of state.

Newsom said he was unconvinced by those assurances.

"I expect the worst with Trump because he's done the worst," he said at a news conference Wednesday. He added that "there's no rules anymore with the Trump administration," and that California had to "be prepared for everything."

White House chief of staff Susie Wiles told Vanity Fair last year that any suggestion Trump would deploy the military to suppress voting was "categorically false."

Newsom has called the new law only the first piece of a broader "mosaic" of legislation that his administration plans to advance ahead of the November general election.

The signing of the law comes one week before California's June 2 primary, where high-profile candidates across the state are vying for gubernatorial nominations in a primary season with national implications.

Under California's open primary system, the top two candidates who receive the most votes - regardless of party - advance to the November ballot.

The new law came after a months-long confrontation between state officials and Riverside County Sheriff Chad Bianco, a Republican running for governor, who in early 2026 seized more than 650,000 ballots from a November 2025 special election on congressional redistricting.

Bianco claimed he was investigating allegations of a vote-count discrepancy, but county election officials and California Attorney General Rob Bonta disputed those claims. The California Supreme Court ultimately ordered Bianco to halt the investigation.

SB 73 directly addresses that by making such ballot seizures a criminal offense going forward.

While Bianco says he is a supporter of the president, he has never been endorsed by Trump. Trump in April endorsed Steve Hilton in the governor's race.

The Associated Press contributed to this report.

Tyler Durden Thu, 05/28/2026 - 20:55

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