perhaps not surprising anyone, is the recent report by Pilgrim's Pride that increases the price of feed ingredients is causing an increase in the price of chicken, and a decline in the profits of poultry companies. PP estimates that:
while yesterday's egg market report looks stable over the last week or so ... we were shocked to find the price of 1.5 dozen (that's 18 to the math-challenged) large, grade A eggs to be $1.89 at Weis!
... it would take a 10 percent increase in chicken prices to offset higher feed costs, which are likely to keep rising. But the company has had a tough time passing along the higher costs to customers, such as grocery stores and restaurant suppliers.Certainly, this is happening to most chicken producers. Even Tyson Foods has announced higher prices.
while yesterday's egg market report looks stable over the last week or so ... we were shocked to find the price of 1.5 dozen (that's 18 to the math-challenged) large, grade A eggs to be $1.89 at Weis!
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