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.
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.