Chicken prices at U.S. grocery stores have hit record highs and should stay elevated as Tyson Foods and other companies dial back poultry production to boost margins while inflation-weary shoppers buy chicken instead of beef and pork.
Higher chicken prices should improve earnings at top producers Tyson (TSN.N) and Pilgrim’s Pride (PPC.O), but will pinch consumers’ pockets as they try to save money by turning away from higher-end proteins. One index shows chicken producer profit margins at their highest in a year.
U.S. consumption of chicken is expected to exceed 100 pounds per person this year for the first time ever, data from the U.S. Department of Agriculture shows.
Beef consumption is forecast to drop to its lowest since 2018, as prices climb due to dwindling cattle supplies. Meanwhile, consumer spending cuts have knocked pork consumption to the lowest since 2015.
Arkansas-based Tyson, which sells all three types of meat, had to deal with a glut of chicken after earning massive profits when meat prices soared during the COVID-19 pandemic.
No one should be buying anything from Tyson. Pure evil company, not only with deliberately squeezing money from the cash-strapped like this, but the way they treat their animals absolutely should be illegal.
Adding to it, the treatment of their employees is horrendous and very low paying.
The kids they were employing thought they were getting paid a fortune though.
And the way they treat the farmers who run their farms.
Id like to inform everyone that the cruel way they treat animals is how every single animal agriculture company treat their animals. 99% of animals in farms on earth are farmed in a way that meets the “factory farmed” description. Those “certified human” stickers on your grocery store meat is a label made by a board composed entirely of the CEOs of those exact companies theyre supposed to be regulating.
I realize it’s a typo but “certified human” labels on meat would be pretty wild to see.
Don’t forget that they are snitches too. Tyson dropped a dime
Tyson supplies chicken to fast foods too that’s also why those prices are inflated
isn’t Tucker Carlson the “heir” to Tyson too? straight up fascist chicken. race war money
I think he’s the heir to Swanson frozen foods.