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Executives at KFC, Wingstop and Yum! Brands said on their earnings calls that the U.S. does not have enough chicken to meet demand.
They blamed pandemic-related slowdowns at meat processors, strong demand for new fried chicken sandwiches, and difficulty hiring processing workers. Shortages affect all chicken parts, not only wings.
Processing bottlenecks and strong restaurant demand reduce available chicken supply and keep prices firm. Shortages are likely to keep chicken prices high until labor capacity improves.
wdrb.comMay 3, 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.
