Record chicken prices squeeze US shoppers, benefit Tyson Foods
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.
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.
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?
94Somebody has to reset the Days Since We Fixed Prices clock at Tyson again.
32
People keep telling me how expensive it is to eat plants and I am pretty sure a can of beans is a lot cheaper than chicken these days.
57until bean manufacturers 'dial back production' like the chicken people above. this whole thing is fucked, its happening here in australia too, corps simply do not give a fuck and are hitting the cheaper foods with the biggest price rises
38And it's happened here in Canada as well. They've seen how well it works. They are purposefully doing this to raise prices and screw people all over the world.
12
I'm not even a vegetarian, but most of America is really sleeping on tofu. It's delicious, versatile and affordable. I love cooking with it.
There are multiple meals I genuinely prefer tofu to the original protein.
21The most expensive ingredient in my falafel burgers is the cardamom. Small price to pay considering how dirt cheap all the other ingredients are and that they're mad delicious 😋😋😋
8Depends. You do a lot better price-wise with dry beans.
If you consider drained weight, canned beans are usually about $1 for a 15oz can in my area, which yields about half a pound of drained beans. So, $2/lb
Chicken is anywhere from $1 to $8/lb but I've been averaging about $2/lb. It's our main protein source and I watch for sales and stock up.
7Fresh plants that we've bought from all of our local stores do not keep, even in the fridge. Anything fresh we have found needs to be eaten within 2-3 days before it starts turning. I'm not about to go to multiple stores 2-3 times a week to get what I need, only to waste money if I don't have the time or energy to make a fresh meal every day of the week.
Anything plant based that's pre-prepared and/or frozen tends to be anywhere from $6-12 per "meal". I'm over 6'2" and 215lbs and the "meals" are more like half a meal for me.
Unless you are ONLY eating beans or rice. Yes, from what I've seen, eating plant based diets is very expensive.
I am interested in the one comment mentioning replacing chicken with tofu though. Some of the pre-made tofu meals I've had were pretty good. I've never cooked with it though. My family hasn't really eaten beef or pork in years since all of the studies came out linking red meat to cancer. I also have a liver condition that docs recommend avoiding red meat entirely as well.
5There are actually a lot of canned and frozen plants other than beans and rice. Tofu is really good (also rising in price, but still not as bad as meat), and keeps an extremely long time in the fridge. I get a bunch of no salt added canned vegetables for super cheap because I have disabilities and I cannot prepare everything from scratch, and make a really good vegetable soup full of protein from peas and beans, for really cheap. The reason I get no salt added is because then I can add bouillon and spices to make my own broth, which would be grossly salty if I also used salted canned food. Although the number of cans vary, we call it 9 Can Soup. Because that's what it had the first time. I also use fresh potatoes if I have any on hand. One of the cans are usually tomato sauce. Sometimes I'll add a few cans of salted veggies if I got them from a food bank, I just rinse them.
9Yeah man Tofu is a great complete protein! But is tricky to cook and if you don't do something special with it, it will taste like nothing and feels mushy. This is why tofu gets a bad rap.
If you are interested in cooking with tofu! Here is a killer tofu marinade I do. I am in love with this tofu and would eat it like cereal every morning if I could. This goes well with any Asian, rice or veggie dish:
Ginger-seseme tofu:
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Firm or extra firm tofu
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Take the package of tofu and cut it open with a knife, it looks like you can open it with your hands but you cannot. Keep this package as a marinade binn for later
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drain all the water from the package and squeeze the water out of the tofu by placing it between some heavy things or even with your hands, the more water out the more flavor in but try to keep the shape intact
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Now mix together the marinade in a bowl with:
1/4 cup soy sauce
1/4 cup rice vinegar
2 tablespoons lime juice
2 tablespoons brown sugar
1 tablespoon minced ginger
1 tablespoon siracha
1 tablespoon sesame oil
2 cloves garlic minced
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Cut up the freshly squeezed tofu into dice sized cubes and place them back into the original container
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Add the marinade into the container with the tofu and put into a fridge, let sit anywhere from 30mins - 4 hrs
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Finally, bake in an oven set to 425f or air fryer set to high for 30mins flipping half way.
Protip! - freeze and thaw the package of tofu. Something about freezing tofu alters it's structure, this allows wore water to be drained and more marinade to be absorbed, almost 2x more!
If you try hope you enjoy!
I know that was a lot so if you want quick foolproof tofu that solves the texture problem but relies on the flooring of what it is put with:
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Press water out of the tofu like above
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Cut the tofu into the same dice sized cubes or shred it into a mixing bowl with your hands
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Toss with 1.5 tablespoons of cornstarch
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Fry tofu in oil, flipping until golden brown
Phew' this was all phone typed, hope it makes sense. <3
Edit: fix formatting
5-
Since you mentioned being interested in using tofu, my favorite (by far) vegan youtuber Nisha just published a video all about tofu.
1
I'm doing more meatless meals due to this and dietary requirements.
42I'd recommend fitgreenmind on YouTube I was trying some of her recipes and they are very good.
9Thanks
3
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?
36ally 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.
13
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.
30Their 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.
13Agreed, 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.
1
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.
10More desirable cuts cost more. Quarters are in less demand than thighs.
55 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)
1
Line...line go up?
6Tyson chicken is garbage
4I mean this sucks but you could also just not eat any chicken.
2I think you may have missed the part where people are eating chicken because the prices of beef and pork are through the roof.
19Idunno, I've managed to eat none of the three for like six years now and I'm still kicking
13well, we shouldn't be eating them either
-1
Yeah just let them eat cake
13Comments 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
4
As a vegan, fuck them chicken eaters
0Permanently Deleted
-4Chicken 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.
-12I 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.
1