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Chicken wing prices are rising as poultry processors struggle to staff plants fully, and inflation is spreading across all parts of the bird. Wingstop reported a 25.8% rise in bone-in wing prices in its first quarter, below a market-rate increase of 50%, as it negotiated with suppliers.
Labor shortages at processing plants reduce broiler output while demand for wings stays strong, supporting chicken prices. Feed-cost inflation adds further upward pressure on the chicken complex.
finance.yahoo.comJulie HymanApr 30, 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.
