Tyson Foods raises prices, scrambles to keep up with inflation

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finance.yahoo.com

Tyson Foods raises prices, scrambles to keep up with inflation

(Reuters) -Tyson Foods Inc cannot increase prices for chicken and prepared foods fast enough to keep pace with rising costs for raw materials like grain, Chief Executive Donnie King said on Monday, after the company reported higher-than-expected quarterly earnings. Tyson has increased prices...
finance.yahoo.com finance.yahoo.com
 
The meat company lifted its 2021 revenue forecast due to strong beef demand as sales of steaks and burgers from U.S. restaurants and hotels recovered following the easing of COVID-19 restrictions. U.S. beef exports are also robust.
Tyson increased its average price for pork by 39.3% in the last quarter, while it raised beef and chicken prices 11.6% and 15.6% respectively. Sales volumes also increased.
Total quarterly sales climbed to $12.48 billion from $10.02 billion a year earlier, topping analysts' estimates for $11.49 billion.
The company, which is mandating COVID-19 vaccinations for U.S. employees, said rising coronavirus cases have made it harder to find workers.
finance.yahoo.com

Tyson Foods raises prices, scrambles to keep up with inflation

(Reuters) -Tyson Foods Inc cannot increase prices for chicken and prepared foods fast enough to keep pace with rising costs for raw materials like grain, Chief Executive Donnie King said on Monday, after the company reported higher-than-expected quarterly earnings. Tyson has increased prices...
finance.yahoo.com finance.yahoo.com

Tyson sounds like a SJW capitalist. The mickey Ds open back up. They are selling more meat, so they raise prices. They brag that their employees are vaxxed.
As long a the mickey D mob supports them, they are good to go.
 
Yup Price of Chicken Wings has Shot up

February $2 a pound.

Now we're looking at $3.89 lb is were lucky from suppliers

Sureeee no Inflation. I don't believe it
 
If there is issues with supplies in the food industry why do they have huge profits? Going from $40 a case for wings to well over $100 is big. Independent restaurant owners have cut wings from the menu at many places. $1.50 for a wing? Thanks Joe.
 
Well maybe then people wont leave so much meat on the bone!
 
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Chuckman said:
What does that look like?

I mean, under Carter inflation rate was 7.7%. We're at 5.4%.

Shi* is getting more expensive, but we're nowhere close to economic Armageddon.

I agree some people might panic because that's what people do.
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Inflation was calculated differently under the Carter admin. There is a site that lets you see what inflation would be if it was as calculated in X year. Can't remember the URL. The federal government has been gerrymandering inflation calculations since at least as far back as the late 1960s. If I recall correctly, the method of calculation changed several times in the Bush II years alone.

@tanstaafl72555 !
 
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cubrock said:
Inflation was calculated differently under the Carter admin. There is a site that lets you see what inflation would be if it was as calculated in X year. Can't remember the URL. The federal government has been gerrymandering inflation calculations since at least as far back as the late 1960s. If I recall correctly, the method of calculation changed several times in the Bush II years alone.

@tanstaafl72555 !
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Yep, that's true. My point was, it's been higher, and it's been worse. I am sure some (weaker) people will panic; they'd panic over anything. But this? This is nothing. I am not saying that it won't become something, because a lot of signs absolutely point to it becoming something.

Not sure if you were thinking about this: http://www.shadowstats.com/alternate_data/inflation-charts

There's always some conversation about changing definitions and metrics. I think part of the feelings is that with last year's contraction (3.5%, biggest since WW2), the jump from that to now is that price increases have climbed more steeply in a relative short period.

Talking about economics is like talking about art, music, or calibers: everyone sees it differently.
 
BlackGun said:
Going from $40 a case for wings to well over $100 is big. Independent restaurant owners have cut wings from the menu at many places. $1.50 for a wing? Thanks Joe.
Click to expand...

I want trash Biden (FU Slow and Ho), but he is not responsible for the transformation of scrap chicken pieces into the most expensive cut. I blame B-Dubs, hipsters (who took our cheap flank steak and oxtails), and people who are bad at math.
 
Chuckman said:
Yep, that's true. My point was, it's been higher, and it's been worse. I am sure some (weaker) people will panic; they'd panic over anything. But this? This is nothing. I am not saying that it won't become something, because a lot of signs absolutely point to it becoming something.

Not sure if you were thinking about this: http://www.shadowstats.com/alternate_data/inflation-charts

There's always some conversation about changing definitions and metrics. I think part of the feelings is that with last year's contraction (3.5%, biggest since WW2), the jump from that to now is that price increases have climbed more steeply in a relative short period.

Talking about economics is like talking about art, music, or calibers: everyone sees it differently.
Click to expand...


Yep. Shadowstats is what I was thinking of. I remember Tans posting about that site YEARS ago and what a rabbit hole it became for me for a while. :)

Agreed on all points.
 
Chuckman said:
http://www.shadowstats.com/alternate_data/inflation-charts
Click to expand...
THIS.

As for the Carter malaise, keep in mind, there were a LOT more Great Depression survivors around then. THEY'D seen the elephant up close & in-person. Times were bad, but those folks had SEEN worse, and calmed the rest of us down.

"Carter" is now about as bad as MOST of US have seen, & SlowJoe is gonna make this coming GREATER Depression, one that will dwarf the 1930's, by comparison. And out of such economic catastrophes, and weak national leaders, come CIVIL wars at a minimum; world wars, of late...
 
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Chuckman said:
What does that look like?

I mean, under Carter inflation rate was 7.7%. We're at 5.4%.

Shi* is getting more expensive, but we're nowhere close to economic Armageddon.

I agree some people might panic because that's what people do.
Click to expand...
Okay … back then mortgage rates were not artificially held at under 3-4% by the Feds … they were up at 15-18%. If the lefty-looneys stay on course the housing market bubble is not going to pop it‘s going to explode and the number of people upside down in their mortgages is going to be staggering. This will also flip over into business and commercial properties. For many years the economy has been riding along a fairly steep incline but with what has been going on with Dim (especially progressive Dims) spending and economic so-called planning we are on the edge and the ground is crumbling under our feet … some will go over and it is only a question of when and how many others they’ll drag with them.

I do not buy into most conspiracies but the level of personal financial security right now is on thin ice. If there was a conspiracy to erase personal wealth and have society on the teat of the government then it would not be hard to flush 90% of the population’s “paper wealth” by letting their major “assets” get flushed. First blowup the real estate market with letting the prime loose and it would send a wave thru the whole financial system … the stock market would go 1929 2.0 and take about all they had left with it.

People are worried about C-19 … smart people are worried about if the housing market implodes the stock market will follow and panic will lead to stuff most really can’t picture … and some idiot surely would try and save us with “socialism is the way”. Sorry for the rant but I still remember my Econ and Business from my undergrad days along with stories from my Grandparents and Parents about how things blew up in the late 20’s and 30’s.
 
Chuckman said:
What does that look like?

I mean, under Carter inflation rate was 7.7%. We're at 5.4%.

Shi* is getting more expensive, but we're nowhere close to economic Armageddon.

I agree some people might panic because that's what people do.
Click to expand...

On a positive note, my Grandfather sold his 1000 acre chatham county ranch in the early part of 1980. In the mid 90s he showed me one of his 30 year CD notes that he had gotten with the profits from the sale. His rate was 23%. He had more than one of those CDs.
 
Button Pusher said:
MCD gets their McNuggets from Tyson.
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I had my first experience with McNuggets 2 weeks ago after a late night flight. They were about the most horrid things I've ever eaten. They tasted like some sort of chemical extrusion. I gazed longingly at the Chic Fil A that was next door, and closed for the night............
 
cold1 said:
On a positive note, my Grandfather sold his 1000 acre chatham county ranch in the early part of 1980. In the mid 90s he showed me one of his 30 year CD notes that he had gotten with the profits from the sale. His rate was 23%. He had more than one of those CDs.
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Its too bad saving isn't encouraged anymore, the rates offered by banks are laughable
 
Diablos said:
Its too bad saving isn't encouraged anymore, the rates offered by banks are laughable
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When Carter was POTUS, folks were locking in CD rates of 15-22%. Today you get sub .25% on savings and the banks get 22-29% on credit cards.
Better off in a S&P index fund or Fidelity ETF utility, FUTY.
 
Amp Mangum said:
theeconomiccollapseblog.com

I Feel Like I Am Living In Crazytown

We haven't had an extended bout of painful inflation like this since the days of the Carter administration, and our leaders in Washington have decided that the best way forward is to rapidly create even
theeconomiccollapseblog.com
Click to expand...

Interesting article, thanks for sharing.

Now, I've had just enough college econ for me to be dangerous; I am definitely NOT a Subject Matter Expert. I look at history and trends to help me understand. When I look at the comparison of the Great Depression and the government's monetary, fiscal, and employment policies, compared to the $3.5 trillion package the nutty left is expecting to push through, I am curious if the effect/outcome will be the same, better, or worse.

I agree, I feel like I am living in Crazytown for sure.
 
im sure this wont affect prices...

Tyson Employees Walk Off Job To Protest Vaccine Mandate | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

The employees say they're risking their jobs to fight against the recent corporate decision to require all employees to take the Covid-19 vaccine, according to KFVS12.


While nobody from the group would speak on camera to news crews - citing their employment agreements, one local business owner spoke on their behalf.

"Nobody wants to be pressured to do anything, especially to their own body, that they don’t want to do," said Jill Blessing. "For Tyson to actually say, hey, get the shot or you lose your job, and some of these people, I talked to a girl who has worked here 30 years. And that’s a huge thing to put on somebody when that’s their livelihood."

Around 650 people work at this particular plant.
 
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