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Record chicken prices squeeze US shoppers, benefit Tyson Foods

www.reuters.com Record chicken prices squeeze US shoppers, benefit Tyson Foods

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.

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131 comments

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.
Now seems like a perfect time to squeeze the pennies out of the lower class, according to Tyson.

Also, Tyson meat is all trash anyway. Too bad other companies are participating. Isn't this close to price fixing or something?
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.

That's not competition, that's cartel behavior. Sounds like it's time to break Tyson Foods back up into smaller companies.
People keep telling me how expensive it is to eat plants and I am pretty sure a can of beans is a lot cheaper than chicken these days.
I'm doing more meatless meals due to this and dietary requirements.
If it works for OPEC, why wouldn't it work for others? Regulation of corporations is a no-brainer because they're sociopathic in nature.

If corporations really have personhood, why can't they go to jail for crimes against the community?
I knew Tyson was a trash company, but this is blatantly predatory; up there with Nestle. They won't get any more of my money, but I wish there was an easy way to know which house (store) brands are using Tyson.
I was shocked and completely changed my diet recently when I noticed that the price per pound for chicken was greater than the price per pound for tofu. Now I'm experimenting with making my own tempeh at home.
Their chicken is nasty IMO. I just got Purdue at Kroger and hour ago and it was 2.99 a pound for boneless/skinless. It's my preferred brand. Butchered well, way more tender.
I am glad I stocked up on chicken thighs from my local butcher shop a few weeks ago. Was something like 99 cents/pound. Now I'm seeing them sitting at $1.70/pound.

But chicken quarters are 89 cents a pound. It's weird how the pricing works.
Less chickens being slaughtered is fine by me. Maybe beef and pork producers also wanna 'boost margins'
Line...line go up?
Tyson chicken is garbage
I mean this sucks but you could also just not eat any chicken.
Laughs in vegetarian who grew up around chicken plants
As a vegan, fuck them chicken eaters
Permanently Deleted
Chicken holocaust enablers. I don’t want to come across as a crazy vegan (I’m not a vegan) but chickens are as intelligent as any other pet, if not more. My chickens recognize words and individual people, and are always figuring out sneaky ways to escape their enclosure. If we all raised our own chickens, there would be a lot less collective suffering on this planet. You only need to refill their feeder once a week, and you can compost their droppings to make pure fertilizer.

Edit: B...but my tendies!!!! All I'm asking is for people to consider eating chicken less often and to consider the suffering they go through as a species. They evolved to live in the jungle, not a cage barely as big as them.

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