Chicken prices are finally starting to fall. You can thank busy roosters | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

Stubbornly high chicken prices are finally starting to fall. The poultry industry has been able to work through one of last year's issues — being short on chickens because of disappointing results with the type of breeding rooster it had picked.

But now conditions are finally easing, paving the way for price declines ahead. In the year through October, not adjusting for seasonal swings, chicken prices had jumped 14.5%, according to data from the Bureau of Labor Statistics. But in October, prices fell 1.3% from the month before. And promotions and deals are right around the corner.

Because of that, chicken producers were “under-supply [and] unable to meet the demand of this unexpectedly white hot, post-isolation demand” for chicken, said Ferguson. Prices start to fall With supply and demand in better alignment, wholesale prices have been falling in recent months, and prices in the grocery store have started to follow. It takes some time for lower wholesale prices to reach consumers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The roosters are all together on a farm

They gonna let us eat chicken for a bit. They’ll take it away soon

There was never a shortage. There was a shortage of common sense to go see a local farmer

The terrorists of IRGC have used various types of chemical gases on the Kurdish civilians in the city of Javanrud and Piranshahr. This is a war crime. This is a crime against humanity. Why is the international community silent? What happened to R2PforIran ? WHO

The people of Iran need the immediate intervention of the international community. A government should not kill its own people and justify this oppression with 'sovereignty' and principles such as 'non-interference' and 'equality of governments'. R2PforIran

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Surprise: Dollar Tree's $1.25 price strategy is actually working | CNN BusinessWhen Dollar Tree said it would raise prices to $1.25 after 35 years sticking to $1, some fans protested and industry analysts questioned the decision. A year later, the controversial move appears to be paying off. I love the deals even at $1.25, but geeze, those stores are so massively unorganized because they pay their employees squat! 1.99$ and it’s still a dollar.. you got room to grow . Wow Walmart is actually cheaper for many of the 1.25 items
Source: CNN - 🏆 4. / 95 Read more »