Record chicken prices squeeze US shoppers, benefit Tyson Foods
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.
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.
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?
edit nvm wrong fascist chicken
I think he’s the heir to Swanson frozen foods.
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?
Somebody has to reset the Days Since We Fixed Prices clock at Tyson again.
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.
I'm doing more meatless meals due to this and dietary requirements.
I'd recommend fitgreenmind on YouTube I was trying some of her recipes and they are very good.
Thanks
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?
ally have personhood, why can’t they go to jail for crimes against the community?
Well, you see, thats because big corpos are run by rich people.
and only laws that benefit them may be allowed to pass.
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.
Look into textured vegetable protein, too. It doesn't have much taste of its own, but gives a ground-beef-like texture when you add it to pasta sauce. Wicked cheap, when you take into account that it's dehydrated.
Edit: good room temperature shelf life, too.
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.
Agreed, never had anything good from Tyson. We also stick to Perdue or Giant's store brand which has been pretty good as well. They tend to have less of that "woody" chicken breast.
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.
More desirable cuts cost more. Quarters are in less demand than thighs.
5 pounds of chicken breasts are like 20+ bucks at my local grocery store, chicken thighs are half that price (or lower, I think I got a BOGO for the thighs)
Less chickens being slaughtered is fine by me. Maybe beef and pork producers also wanna 'boost margins'
You're gonna be paying ten dollars for a spaghetti squash and looking at four dollar avocados once the farmers catch on and the demand equalizers lol. People need to eat.
Line...line go up?
Tyson chicken is garbage
I mean this sucks but you could also just not eat any chicken.
I think you may have missed the part where people are eating chicken because the prices of beef and pork are through the roof.
Yeah just let them eat cake
Comments like this make me realize how awful the average persons diet is when they dont even know what beans and rice are lmao. Literally the cheapest foods are vegan. I eat beans, rice, pasta. Pb&Js. Apples ,bananas, sauteed veggies. If you have even a basic grasp of cooking this is the cheapest way to eat and still delicious
Laughs in vegetarian who grew up around chicken plants
As a vegan, fuck them chicken eaters
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.
I raise my own chickens and love them very much. I'd also eat one if they got out of line, and I ate the males as soon as they were big enough (only hens allowed here locally). Its both an amazing food resource and source of joy seeing them every morning and giving them treats as they wander my yard. They are very happy.
I also buy chicken from the store still because I usually raise for eggs only. Point is, I am around chickens every day by choice and don't see it the same way as you.