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Restaurant chains including KFC and Wingstop say they are paying steep prices for scarce poultry, and some have limited sales of wings and tenders. Chicken breast prices have more than doubled since January, and wing prices have reached records, according to Urner Barry.
Processors are struggling to raise output because they cannot hire enough workers.
Labor shortages at processing plants are constraining bird output while restaurant demand stays strong, which keeps poultry prices at record levels. The tight supply is likely to persist until processing capacity is restored.
poultryproducer.comJimMay 16, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
