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.
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.