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.

  • BlueLineBae@midwest.social
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    1 year ago

    The 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 😋😋😋

    • Toes♀@ani.social
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      1 year ago

      Everytime I’ve tried Falafel I’ve found it to be more or less like a ball of dry oatmeal with about the same flavour. Am I just being real unlucky?

      • SterlingVapor@slrpnk.net
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        1 year ago

        Yes, most definitely. Dry and tasteless are not words I associate with falafel, it sounds like something went horribly wrong there

        The base taste is pretty mild, like a baked potato, but then you add spices and eat it along with other things

      • OCATMBBL@lemmy.world
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        1 year ago

        It’s way better if you feed all the ingredients through a meat grinder (the irony is not lost on me), rather than a food processor. Think corn meal texture vs flour texture.

        Also, deep fry it. Baking it just isn’t nearly as good.

      • ikidd@lemmy.world
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        1 year ago

        You’ve had falafel that tasted as good as oatmeal?

        You lucky bastard.