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Tyson Foods Stock Slumps / Chickens on the Rise

hank
edited August 2022 in Other Investing
STORY

Yuppers! The package pictured in the linked story is actually a decent product when you’re in a hurry and just want to pop something in the microwave. And chicken tends to be lower in calories than beef. However, been passing it up on trips to the grocery. A year ago the 22-ounce package could be had for between 6 and 7 dollars. Now it’s around $11 for same product. Expensive bird!

I do know that table corn, which usually sells for 25 cents a cob this time of year, has been going for as much as $1 apiece this summer. And ISTM chicks like to eat corn (the cheaper “field corn“ variety). Why we invest - To maintain the purchasing power of our money over time.

(It appears both Barron’s and the WSJ have more extensive coverage on Tyson. However, am unable to link them.)

Related Story: Wacky Reason Price of Chicken is on the Rise

Comments

  • PRESSmUPPRESSmUP
    I eat A LOT of chicken, and have noticed a rise in price. I buy mine at the West Side Market in Cleveland, which tend to be from more local suppliers. Last time I bought a roaster it was about $15...2 or 3 dollars more than a year ago. If I'm buying thighs for the grill, they're really about the same, even at the local market.

    Sweet corn prices?!? Oh my...
  • Old_JoeOld_Joe
    edited August 2022
    With respect to sweet corn, the prices are indeed much higher than in previous years. The market we use for meat and a few other products is noted for good quality but very high prices: sweet corn the other day was $1.29 PER EAR!!!

    For contrast, the sweet corn from the Safeway chain is locally grown, consistently excellent quality, and typically 50¢ per ear, with frequent sales of 3/$1.00. Over the July 4th weekend they really had a special: 10¢ per ear- limit of 6 ears.

    It pays to shop around, which is very easy using InstaCart. Yes, InstaCart's prices are a little high, but since we're both over 80, avoiding Covid and not carrying heavy grocery bags it's worth it. We typically source groceries from 3 or 4 different stores, including Costco.
  • yogibearbullyogibearbull
    Corn crop uses lots of fertilizer. Russia-Ukraine war has disrupted fertilizer supplies too and many farmers are switching to soybean (that retain soil nutrients) and other crops rather than have low-yielding corn crops.
  • MarkMark
    Costco has their giant rotisserie chicken for less than $5. Of course that up front membership fee can be an issue.
  • PRESSmUPPRESSmUP
    Mark said:

    Costco has their giant rotisserie chicken for less than $5. Of course that up front membership fee can be an issue.

    And the hot dogs are still $1.50. Which reminds me of when the new CEO was contemplating raising that price:

    When Costco's current CEO Craig Jelinek once approached Jim Sinegal, then CEO, about raising the price of the hot dog, Sinegal told him, "If you raise the [price of the] effing hot dog, I will kill you. Figure it out."

    https://www.businessinsider.in/retail/news/costcos-founder-once-told-the-companys-current-ceo-if-you-raise-the-price-of-the-effing-hot-dog-i-will-kill-you/articleshow/78240301.cms
  • MarkMark
    Yup! Folks come for the hot dogs and stay for the shopping.
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