Tyson’s beef woes mask solid gains in chicken and prepared foods, and investors remain skeptical. With leadership shakeups and earnings volatility, the market’s appetite for Tyson stock is far from ravenous.
Beef prices have shot past inflation benchmarks, driven by supply shocks, tariffs, and parasite outbreaks. As consumers pivot to poultry, food leaders face a meaty challenge in forecasting demand and managing margins.
Restaurant menu prices are climbing, with burgers, wings, and burritos leading the charge amid rising ingredient costs. New data reveals inflation’s bite is hitting both entrees and profits.
Facing record-high beef prices, restaurants are reworking menus and investing in vertical supply chains to stay afloat. Some are rebranding leaner protein choices as “wellness-driven,” while giants like Walmart cut out the middleman entirely.
Meat is reclaiming its spot on consumers’ plates as the benefits of protein-heavy diets are noted on social media. With fresh meat sales projected to surpass $137 billion this year, the industry is sizzling.
Chicken listings on restaurant menus have grown 6.4% in the past five years, outpacing the 4.7% of burgers and other beef-based items.
Looking ahead, Zimmerman noted that prices would likely increase in the new year, but the magnitude of that increase would likely be more subtle in 2024.
The latest Food Institute news podcast touches on a bird flu outbreak that’s ravaging American turkey farms.
Domestic beef prices continue to reach new highs. Retail beef prices hit another record high in August, with the Bureau of Labor Statistics reporting a price of $8.31 per lb., according to Wells Fargo analysis …
A quick trip to the grocery store’s meat aisle confirms beef prices are at record highs as packers scramble to find higher grade cattle.
Against the backdrop of the January Food Institute report on supply chain issues (available to FI members on Jan. 18; to join FI, click here), we’re taking a closer look at constraints in the beverage …
Meatpacking, an early epicenter of the pandemic in 2020, is the latest sector to be affected by a surge in cases of the highly contagious Omicron variant. The National Joint Council of Food Inspection Locals …
