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Started By
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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 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 on 11/24/22 at 11:53 am to saintforlife1
Chicken is undervalued
Posted on 11/24/22 at 12:01 pm to saintforlife1
Last week I noticed chicken prices did drop at my local grocery store. Welcome sight. Now do beef, pork, and seafood.
Posted on 11/24/22 at 12:04 pm to saintforlife1
quote:
less popular items like thighs.
Let’s keep it that way
Posted on 11/24/22 at 12:15 pm to saintforlife1
Today I learned there is more than one type of rooster.
Posted on 11/24/22 at 12:17 pm to trilambdaexpression
Prices are in the tank but inputs are still
sky high.
These dudes are going to have a rough year financially.
sky high.
These dudes are going to have a rough year financially.
Posted on 11/24/22 at 12:17 pm to Motorboat
quote:
Let’s keep it that way
I won't eat chicken unless it's a thigh, baw.
Posted on 11/24/22 at 12:28 pm to saintforlife1
No nut November isn’t a thing for roosters it seems
Posted on 11/24/22 at 12:37 pm to Yat27
I never understood why the breast use to be more popular. Chicken thighs are far superior
Posted on 11/24/22 at 12:56 pm to saintforlife1
So I guess the question is does Chicken Express or Canes follow suit.
Posted on 11/24/22 at 12:59 pm to saintforlife1
Todd should be lowering box prices any day now
Posted on 11/24/22 at 1:00 pm to TheIndulger
frick I hope so, caniac for a lil under $16 is hella lame.
Posted on 11/24/22 at 1:19 pm to saintforlife1
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 on 11/24/22 at 1:33 pm to PrecedentedTimes
quote:
No nut November
Might be the dumbest thing in the history of man
Posted on 11/24/22 at 2:02 pm to OWLFAN86
quote:
Chicken is undervalued
Big Poultry putting the screws to everyone
Posted on 11/24/22 at 2:12 pm to saintforlife1
quote:
Over the past year, as some meat prices have fallen,
Posted on 11/24/22 at 2:16 pm to saintforlife1
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!
You are welcome!
Posted on 11/24/22 at 4:22 pm to deeprig9
quote:
Now do beef, pork, and seafood.
How about eggs? Prices for eggs are damned outrageous.
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