# Record chicken prices squeeze US shoppers, benefit Tyson Foods

> US chicken prices have reached record levels as consumers shift from beef, which is becoming scarcer. USDA data show per-capita chicken consumption is expected to exceed 100 pounds this year for the first time. Tyson and Pilgrim's Pride stand to benefit from higher prices, while a poultry profitability index hit its highest level in over a year on lower corn costs.

- Date: 2023-10-05 · published 2023-10-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33766-record-chicken-prices-squeeze-us-shoppers-benefit-tyson-foods
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Corn](https://feedsoft.ai/c/CORN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight beef supply is pushing demand toward chicken, supporting broiler prices, while cheaper corn improves producer margins and encourages output. For feed buyers, lower corn costs and steady poultry demand point to sustained demand for poultry feed ingredients.

## Read by commodity

- CORN: bearish ▼
- CHICKEN: bullish ▲
- LCATTLE: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/business/retail-consumer/record-chicken-prices-squeeze-us-shoppers-benefit-tyson-foods-2023-10-05/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.