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Analysis-Record chicken prices squeeze US shoppers, benefit Tyson Foods

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 and Pilgrim’s Pride , 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.

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In Swine Versation: The Pig Farmer “says” with Leon Sheets

Video: In Swine Versation: The Pig Farmer “says” with Leon Sheets

Welcome back to another episode of In Swine Versation. Leon Sheets, is the owner of a Pig Farm from Ionia, Iowa with raising approximately 33,000 pigs.

1.Introduction to Pig Farming Journey: Started as a family farm in Ionia, Iowa.

2.Passion for pig farming led to the growth of the farm to approximately 33,000 pigs. Emphasis on sustainability and success through responsible practices.

3. Evolution of Social Media Presence: Initially not active on social media. Felt a void in communicating how food is prepared. Embraced storytelling to demystify the farming process.

4. Highlights "We Care" initiative and emphasizes a passion-driven approach. Not a paid blogger; success measured in fostering understanding.

5. Passion and Concerns in the Pork Industry: Prop 12 stands out as a hot topic. Active involvement and advocacy for sustainable pig farming practices.

6.International Farming Experience: Traveled to Hutterite Colonies in Canada. Shared experiences, learned different farming practices, and built connections.

Humility in Learning: "I'm a Pig Farmer, what do I know?" is a humble perspective. Inspired a T-shirt to convey continuous learning and improvement.

Sustained Legacy in Farming and Industry: Aspires to leave a legacy of responsible and sustainable pig farming. Focus on animal welfare, environmental stewardship, and community engagement. A positive narrative to inspire industry-wide adoption of sustainable practices.