Farms.com Home   News

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.

Click here to see more...

Trending Video

Moisture, Temperature, and Extreme Weather – What 2025 Has in Store

Video: Moisture, Temperature, and Extreme Weather – What 2025 Has in Store

Beef cattle farmers and ranchers are preparing for spring 2025 and all that comes with it — calving and planting. Meteorologist Matt Makens once again joins the podcast to highlight the weather challenges in the months ahead, namely dry conditions in many western parts of the country. As beef producers evaluate their ability to retain heifers and build up their herd numbers, much of those decisions are reliant on moisture, so listen in to hear Matt’s thoughts and advice to producers. Plus, we chat with our friends at Farm Credit to hear why creating a relationship with your ag lender is important and what you can do to establish that long-term business partnership that will sustain your operation in the good times and the bad. Learn more at farmcredit.com.