Posted on 11/16/2021 6:17:46 AM PST by RomanSoldier19
TTNews) - Tyson Foods Inc. is planning further increases in meat prices citing soaring costs as the biggest U.S. meat company works to recover inflation. The company announced the plans while reporting significant growth in its fourth-quarter earnings and sales, benefited by sharply raised meat prices.
On the company's quarterly earnings call, Tyson Foods CFO Stewart Glendinning said, "We expect to take continued pricing actions to ensure that any inflationary cost increases that our business incurs are passed along. Pricing has lagged inflation, but we expect to recover those cost increases during fiscal '22."
The meat giant raised prices across all of its major divisions in the quarter, noting that raw material cost, logistics, ingredients, packaging, labor increased its cost of production. Pork average sales price increased more than 40 percent, and chicken average sales price improved over 20 percent.
In the beef segment, offsetting higher sales prices were higher cattle costs, which was up more than 20 percent during the fourth quarter.
The Springdale, Arkansas-based company said it achieved a 24 percent price improvement for the fourth quarter and a 13 percent for the fiscal year.
(Excerpt) Read more at nasdaq.com ...
Gotta spend that $15 an hour somewhere...
This is offset by the 16ยข savings on hot dogs so this is ok.
More pork!!
I just bought my Christmas Turkey at Meijer today, $.33 a LB, 18lbs for just over 6 bucks. Don’t think this deal will be available next month.
usually get Tyson frozen chicken breasts every couple of weeks. Have been picking up two per week for a month now. Tenders went from $8-$10 this last visit.
Tyson foods. Mena airport. Drug smuggling. Bill Clinton governor. George W CIA. Never buy their products after researching this. Oh and Barry seal.
No argument, but realize if you avoid every entity somehow connected to Democrats you’ll need to become Amish.
Want to save money on meat, purchase direct from the farmer. With the price increases in the grocery stores it is becoming cheaper to buy local.
Google Buy a cow with your home city name.
You can buy chickens at the tractor store. It takes about four hens to produce a dozen eggs a week. You can also buy eggs from a local egg source; you will see them advertised on the side of the road. I have to small home operations near me.
Buy local and learn how to grow your own food.
... "EAT MORE KALE"
NO.
I will NOT eat more kale.
I will eat NO kale.
It is disgusting.
I'd rather eat the dirt it was grown in.
Steamed brussels sprouts floating in my carrot soup?
Fine.
Steamed broccoli and cauliflower? Fine.
Spinach? Fine. (Raw in a salad, or else steamed, topped with wheat germ.)
Raw red bell pepper strips? MORE than fine. (My favorite vegetable)
Tomatoes? SuperFine.
But Kale (or Lima beans)?
ABSOLUTELY NOT.
Not even under threat of torture...
I will happily eat 5 bushels of broccoli before I eat ONE leaf of kale.
Are we no perfectly clear on that?
(Actually I am overstating my issue with the Limas.
A few random baby Lima beans floating in the minestrone soup
is no big deal).
BUT NO KALE!
Note to grocers: You guys ought to be plastering the products in your meat departments with BiteMe I DID THAT stickers...
There is some fluck3ry afoot here.
No way every damned thing has increased in prices by 20-40%....
I remember my parents splitting a side of beef with another family
in the late 1960s when I was three.
A local butcher had a deal where you could buy a side of beef,
and he would butcher and wrap it any way you wanted, and he
would store it in his meat locker/freezer for you for up to a year, I think.
You could drop by anytime and pick up whatever you needed.
We and the Walker family ate some GOOD beef that year.
It had to be good if I still remember it from when I was three.
and...
"...grow your own food..."
You just reminded me of today's chore - I've got to chop down
my tomato and pepper plants. I've harvested all of the tomatoes
and peppers - and the frost has now mortally wounded
the plants. Time for them to go.
Let's say a meat cutter makes $10.00/hour and produces 30 cuts up chickens per hour. The labor cost at that rate is 10/30 = 33 cents per chicken. The chicken sells for $7.00 retail so the cost of labor to cut it up into pieces is 5% of retail.
For comparison let's raise their salary by 50% to $15.00 hour. What is the cost of labor per chicken at retail? 15/33 = 45 cents per chicken. So now labor cost to cut it up to 6.4%. Wow! < sarc > the cost of the chicken went up 1.4% HORRORS!!!
It's a joke that labor cost are soaring. Nobody cares if the $7.00 cut up chicken cost 12 cents more or $7.12. No one.
It must be all those over paid workers making $15.00 hr. /sarcasm
...Are we no NOW perfectly clear...
I am working on it. Lol
We bought 1/2 a cow this summer from one of our friends.
For our half we got 422 lbs. It cost $500 for the 1/2 cow and $300 processing cost. So 422 lbs for $800. $1.89 lb basically. About 25% of it is ground chuck. Rest are roast, steaks etc.
We are going to sell a 1/2 of our half to another family friend as it will freezer burn after about a year.
Was the 422 pounds the hanging weight or the processed weight?
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