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

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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.

 

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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

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