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Tyson Foods reported stronger-than-expected third-quarter earnings but said it cannot raise chicken and prepared food prices fast enough to offset rising raw material costs. The company plans retail price increases on Sept.
5, with more planned, and raised its fiscal 2021 sales forecast.
Rising input costs and planned retail increases point to higher chicken and protein prices. The pass-through reflects broader inflationary pressure across the meat sector.
profarmer.comMeghan VickAug 9, 2021Not enough comparable past events yet for a historical read.
After 37 past macro events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +2.4%), and +0.0% over 20.
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.
