Record chicken prices squeeze US shoppers, benefit Tyson Foods

MicroWave@lemmy.world to News@lemmy.world – 430 points –
Record chicken prices squeeze US shoppers, benefit Tyson Foods
reuters.com

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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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.

Humans can consent. As long as it's consenting human, it's more ethical.

Maybe when cultured meat hits its stride (⓿_⓿)

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

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.

https://www.foxbusiness.com/markets/tyson-foods-reaches-more-settlements-in-chicken-price-fixing-litigation

Lol, that was only several years ago. But they were fined a pittance? Why would they continue to commit the same crimes when it's wildly profitable?

It's not a fine, it's just a cost of doing business.

The only way to make them stop is to hurt their profits, but our corptocracy is too spineless to levy proper fines against businesses.

Or we could start tar and feathering boards of directors. We could even use chicken feathers!

Not only are their fines small, but they also implicate others in their schemes that have to pay higher fines, so they also are able to prove the competition they conspire with out of the market

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.

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.

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.

Produce is waaay less conglomerated into massive corporations. Its just too easy to grow produce for anyone to control the market. To a point where if produce gets too expensive, I can just grow it myself.

Who tf is upvoting this? It's highly unlikely this person has the acreage, time, equipment, and knowledge to grow all their own food.

Even if they did, it's not a real solution to the vast majority of people.

Thats not how supply and demand works, any supply and any demand affects prices, and me growing food affects both, even if i dont cover my entire demand. I can and do grow a surprising amount of food. I cant however raise cattle, or pigs, and could only reasonably raise chickens for eggs, not for meat. Because anyone, me, other folks, and small scale farmers all can produce more supply with produce instead of meat given the resources. Its not a cornerable market

If the farmers can sell it for ten, I can sell them fresher for 9. "People need to eat" no, corporations are robbing you blind.

What are you talking about? And how do I stop corporations from robbing me blind then--by simply not eating chicken? You act like the solution is to simply "change behavior x" which I am doing constantly. I am continuously reevaluation my expenses and trying to find alternative solutions. The reason I'm eating chicken is because it was the cheapest option for the longest time. Are you suggesting I grow and butcher my own chickens? And why are you refuting the fact that people need to eat when it is an irrefutable truth? If people stop eating protein rich meat, the cost of protein rich veggies and other supplements will skyrocket, and here we are having this conversation again.

I'm talking about exploiting corporate price gouging.

I don't pay for meat. My last grocery bill was for $113 for a week's worth of food. I know you chicken eaters can't beat that.

It doesn't matter that "people need to eat" is an irrefutable truth. It's bullshit. Meat is optional and you know it, so you use the "iRrEfUtAbLe tRuTh" as if it's a competent smokescreen for repeating the same conclusion as before.

90% of the things you do and own are optional, and the environmental impact from meat is miniscule in comparison to you even existing at all. Save your silly caps insults for somebody else, vegetarian-farmer-troll-man haha.

The advice is given. Keep paying for less food if that's what you think is the smartest thing to do.

People need to eat.

How long do I have, doc?

The body may continue to thrive for a very long time, but the brain does appear to be a total loss.

lol. Of all the times I’ve asked that in response to brain dead comments like “people need meat” this is the funniest.

Never have gotten any actual reply showing any evidence of the original claim though. :(

"Need" is a matter of perspective. You don't "need" movies, video games, books, or friends, but let's see you give up any sort of random thing because some rando says there are no studies that proves you "need" it lmao. You could probably continue to survive on half the calories you consume each day, so why don't you? You're occupied double the food-based carbon footprint by choice.

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)

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.

What if there was some crazy option that didnt involve any of the those?

Imagine if that crazy option would also be a lot less accessible to poor people who live in food deserts. But, as usual, they don't matter.

I went vegan in a food desert. Beans, rice, greens, lentils, potatoes, etc. are available in the same areas where you can buy the carcasses of sentient beings and are generally cheaper than the cruelest option.

Really? Because I haven't seen most of those in a Dollar General. But I have seen ramen. Beef and chicken ramen. Which is what some poor people survive on.

This is how i know youre lying to make a point. I literally buy beans at my dollar general. The idea youve never seen beans or rice or pasta or bread or other staples at a dollar store is insane.

Because all Dollar Generals have exactly the same products in them. That's why I must be lying to make a point. Because they're all exactly the same in every way. And you know this because you've gone to every single one. That's how you know I'm lying to make a point.

Cope

Cope with what exactly?

Your cognitive dissonance. You have to try and BS your way out of your paper thin excuse about why it's fine for your to consume sentient beings, despite alternative options being available.

My whole point was there are not alternative options available in food deserts sometimes. Did you not even read any of my posts? Did you just decide someone was arguing with me and that must mean I'm an executive for Tyson Foods or something? It has nothing to do with "why it's fine" and everything to do with "they may not have a choice."

But then I don't expect you to read this post either, so I'm not sure why I bothered.

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Poor people in food deserts should push local governments to open a public grocery. They can't because corporations buy off their political leaders.

I think i fit that bill pretty well in rural mississippi

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Idunno, I've managed to eat none of the three for like six years now and I'm still kicking

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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

Comments like this remind me about how little so many people know about nutrition, largely due to the influence of absolute nutjobs like Sylvester Graham and John Harvey Kellogg.

I have no idea who those people are. But if you think people cant be healthy eating grains, legumes, fruits and vegetables you know literally nothing about health and fitness. Do you get your diet advice from roided out "carnivores" like liver king who take steroids and fistfulls of vitamin pills to survive their bacon and butter only diets?

Lol that's ridiculous. Humans have been eating meat since...before they were humans. I don't need to listen to any snake-oil selling influencer to know that lol.

And while it's possible to have a healthy diet without meat, pretty much everywhere in the US that is a much more expensive diet than meat. Sure you can get cheap carbs. But those legumes, fruits, and vegetables are either impossible to find it much more expensive than the caloric equivalent of meat. Whole neighborhoods are reliant on stores like Dollar General or Family Dollar for their food. "Just don't eat meat" is an incredibly out-of-touch and privileged thing to say

Also Graham was the first Westerner to popularize vegetarianism. Kellogg was influenced by him and is responsible for a ton of pseudoscience food myths that still persist today. If you don't know who they are... you might want to learn because they are probably the founders of what you believe today, and a lot of their ideas were rooted in pseudoscience, religion, and racism. Unless your vegetarianism comes from Asian religious practices of course. But this whole thread is relating an article on US prices. The history of Vegetarianism in the US has more people and complexity of course, but those are two of the most popular and historically influential figures.

Humans also raped each other and died in childbirth for just as long so i guess we should let those happen too. appeal to nature is a logical fallacy One of my biggest pet peeves when people talk about veganism is theyre inability to debate without their entire argument being nothing but fallacies. Its not different then arguing with a flat earther or a trump supporter.

The other thing that boils my blood is people invoking privilege as if they actually care about whatever community theyre hiding behind. Low meat diets are what most people throughout all of time and history have eaten. The meat heavy diets of the modern western world is an immense privilege. Go to a rural community in South America shoving whoppers in your mouth and see if thats how theyre eating. Meat is massively MASSIVELY subsidized.

Not to mention its the largest cause of environmental destruction on the planet. The number one cause of deforestation .and the cause of suffering for billions intelligent animals.

Do some actual research beyond googling "why is veganism bad" and then finding YouTube videos that support the ideas you already have. WatchDomion.org

You claim to have your "blood boiled" by people referring to history you think is irrelevant, but also use that same argument yourself? I'm not saying that every single custom on human history is perfect and needs to be maintained, but I'm not talking about something as fickle as human behavior. I'm talking about human biology. It's possible that within my lifetime I might see genetic modification lead to a humanity that can survive on different nutrition. More realistically, I hope to see the development of lab-grown meat or other protein sources. But the reality is that for most Americans, a healthy and nutritious meat-free diet is incredibly expensive. Even then, some people (including my own partner) have medical conditions that necessitate eating animal protein.

It's hilarious that you claim that I'm using fallacies similar to cults, when that's the exact roots of vegetarianism. The founders advocated for celibacy and genital mutilation. Kellogg was hugely into eugenics.

It's also hilarious that you're accusing me of having a Western-centric view. Firstly, because I was very clear that I'm talking about the US because that's the scope of the article. And funny you mention South America because Brazil is the 2nd largest producer of beef in the world behind the US. China is 3rd. Thinking Americans shove whoppers in their mouths is... incredibly strange. Whoppers haven't been relevant in decades and fast food has been on the decline in America. Is that how you imagine "the poors" behave?

"Environmental destruction" is kind of vague, but you're right that industrial agriculture is one of the larger causes of deforestation. That's bad and we need to stop doing that. That means better practices and moving away from more environmentally damaging animals. Cows are pretty terribly inefficient and should probably be reduced to luxury beef products, and dairy can probably be reduced. The article this thread is discussing is relating to Chicken prices: a much more efficient and effective option that requires far less land and water use, produces great natural fertilizer as waste, and has far fewer emissions.

Which brings me to my last point: you mention the suffering of billions of intelligent animals. I'll admit I really don't care about your moral arguments. There's billions of (allegedly) intelligent humans suffering right now. There's billions of animals experiencing suffering at the hands of other animals. To exist is to suffer and induce suffering in others. So where do we draw lines? Do the plants we eat not suffer? The fungi? Microrganisms? Some day my own flesh will be consumed by something else: I am merely borrowing this carbon for a short while. I agree that most of the industrial-scale animal production induces far more suffering than it should in the pursuit of providing more profit to shareholders, but I am under no delusion that anything I eat will not experience any sort of suffering.

You ended youre "argument" admitting tou dont give a shit about suffering or morality. I dont really know how to continue a debate with an actual psychopath... arguing with meat eaters always ends up with them saying insane stuff like they dont care about suffering or torture , the quotes around intelligent makes you sound like the kind of person who drown cats as a kid. I know literally no amount of logic or facts can change your mind because you just want to be right (you know ..like a cult) it was a mistake saying anything. Proud ignorance just frustrates me

Ah I see you just want to feel morally superior to people. Conveniently ignoring other areas where you are yourself inflicting suffering to other organisms and the environment. Arbitrarily deciding which life forms you care about or dont. But you're able to go to your local vegan Cafe and get a $30 impossible burger, and that makes you better than the rest of us.

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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.