These birds aren't soaring anymore.
Wholesale prices have thankfully been dropping for a few months now, which means that those changes are just starting to be reflected in the grocery store. It’s a cost decrease that will likely be welcomed by shoppers, just like when theof some high-end steaks fell over the summer.
Earlier this year, the price of boneless, skinless chicken breasts surged to $3.50 a pound, tripling since the start of 2021, thenoted. That was thanks in part to labor shortages in meat plants and poultry producers’ difficulty hatching chicks. Matched with strong demand from consumers and restaurants, prices skyrocketed.
To meet that demand, though, producers worked on strengthening their operations. For example, Tyson Foods, the largest US chicken supplier by volume, improved its supply chain and expanded its production capabilities. And so far, it’s been seeing results. “We’re no longer having daily conversations about what our hatch rates are,” David Bray, Tyson’s poultry unit president, said on an analyst call this month.
Those changes have resulted in a better alignment between supply and demand, leading to more affordable poultry at a time when all sorts of groceries have become pricier, from
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