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Chicken prices are finally starting to fall. You can thank busy roosters.

Posted on 11/24/22 at 11:52 am
Posted by saintforlife1
Member since Jul 2012
1321 posts
Posted on 11/24/22 at 11:52 am
quote:

New York(CNN Business) — Over the past year, as some meat prices have fallen, chicken prices have remained stubbornly high. Strong demand, supply issues and even breeding problems with under-performing roosters kept the pressure on. The supply shortage even had some restaurants, like Wingstop, experimenting with less popular items like thighs.

But now conditions are finally easing, paving the way for price declines ahead. In the year through October, not adjusting for seasonal swings, chicken prices had jumped 14.5%, according to data from the Bureau of Labor Statistics.

But in October, prices fell 1.3% from the month before. And promotions and deals are right around the corner.

The poultry industry has been able to work through one of the issues that slashed supply last year — a poor choice of rooster that led to fewer chicks than expected.

In May 2021, poultry giant Tyson explained it was short on chickens because of disappointing results with the type of breeding rooster it had picked.

"We're changing out a male that, quite frankly, we made a bad decision on," Donnie King, then Tyson's chief operating officer and group president of poultry, said at the time. There was an "unexpected decline" in hatchings earlier that year because of the type of roosters it used, King, now the CEO, explained.

Tyson wasn't the only one with the problem, noted Christine McCracken, executive director of animal protein at Rabobank. "If you look across the industry as a whole there were productivity issues that challenged several operators," she said.

Since then, producers "have gone back to a more traditional bird," she said.

LINK
This post was edited on 11/24/22 at 11:55 am
Posted by OWLFAN86
The OT has made me richer
Member since Jun 2004
176144 posts
Posted on 11/24/22 at 11:53 am to
Chicken is undervalued
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64203 posts
Posted on 11/24/22 at 12:01 pm to
Last week I noticed chicken prices did drop at my local grocery store. Welcome sight. Now do beef, pork, and seafood.
Posted by Motorboat
At the camp
Member since Oct 2007
22707 posts
Posted on 11/24/22 at 12:04 pm to
quote:

less popular items like thighs.


Let’s keep it that way
Posted by trilambdaexpression
Member since Nov 2022
166 posts
Posted on 11/24/22 at 12:15 pm to
Today I learned there is more than one type of rooster.
Posted by MoarKilometers
Member since Apr 2015
18059 posts
Posted on 11/24/22 at 12:27 pm to


Posted by PrecedentedTimes
Member since Dec 2020
3128 posts
Posted on 11/24/22 at 12:28 pm to
No nut November isn’t a thing for roosters it seems
Posted by Allister Fiend
Member since Jan 2016
819 posts
Posted on 11/24/22 at 12:56 pm to
So I guess the question is does Chicken Express or Canes follow suit.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 11/24/22 at 12:59 pm to
Todd should be lowering box prices any day now
Posted by Sao
East Texas Piney Woods
Member since Jun 2009
65935 posts
Posted on 11/24/22 at 1:19 pm to

Sam's has rotisserie whole chickens for about a buckish a pound. Snagged a 4.00 lbr for 4.98. That's some great value.
Posted by bobdylan
Cankton
Member since Aug 2018
1530 posts
Posted on 11/24/22 at 2:12 pm to
quote:

Over the past year, as some meat prices have fallen,




Posted by Bamboozles
BR
Member since Jul 2008
2309 posts
Posted on 11/24/22 at 2:16 pm to
Starting tomorrow (25th), through next tuesday, Albertsons has boneless, skinless chicken breast for 99c/lb (limit 10 lbs) through their "for U" program where you use your phone number to check out. Been ages since see that price.

You are welcome!
Posted by IT_Dawg
Georgia
Member since Oct 2012
21865 posts
Posted on 11/24/22 at 4:30 pm to
Guess they tried out the Texas A&M roosters last season
Posted by biglego
Ask your mom where I been
Member since Nov 2007
76541 posts
Posted on 11/24/22 at 4:39 pm to
Cocks getting busy is TIGHT!
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