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aggiesal

(10,761 posts)

12. This reminds me of the Eggs shorted earlier this year ...

Reply to ruet (Original post)

Thu Oct 5, 2023, 02:38 PM

Oct 2023

They held back production to create the shortage and raise the prices.
Then the following quarter, they reported record profits.
Immediately after announcing record profits, the price of eggs returned to normal.

It's all a scam.

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Highlight:

Record Chicken Prices Squeeze US Shoppers, Benefit Tyson Foods [View all] ruet Oct 2023 OP

The Saudis of fowl. twodogsbarking Oct 2023 #1

The "invisible hand of the free market" strikes again! Grins Oct 2023 #2

So, stop eating the steroid-buffed little beasties. Magoo48 Oct 2023 #3

I try to support and know the growing philosophies of my "local" farmers/sellers. Backseat Driver Oct 2023 #8

Thank you for the insight, Backseat Driver. Magoo48 Oct 2023 #10

The supply/demand chart still works but they are artificially shifting the lines 'for margins'. keithbvadu2 Oct 2023 #4

The price is still $1.99 per pound for boneless, skinless chicken breasts at the Giant. mahatmakanejeeves Oct 2023 #5

Tyson and OTHER COMPANIES JT45242 Oct 2023 #6

My diet is comprised of mostly vegetables with a bit of meat....chicken being my chosen revmclaren Oct 2023 #7

Infuriating. highplainsdem Oct 2023 #9

Here in Munich Old Crank Oct 2023 #11

This reminds me of the Eggs shorted earlier this year ... aggiesal Oct 2023 #12

Price of chicken hasn't come down from the bird flu Marthe48 Oct 2023 #13

So glad I don't eat meat. llmart Oct 2023 #14

Thighs & drums are only .99 a pound and breast 1.29 here. I just stocked up on chicken since it is appleannie1 Oct 2023 #15

I have chicken breasts that were marked down. I have freezer and buy in bulk when this happens. Demsrule86 Oct 2023 #17

Here too. Last year I started buying turkey backs, necks and wings and making appleannie1 Oct 2023 #18

Great idea...I got turkeys too after Thanksgiving for 5 cents a pound... I was like in March Demsrule86 Oct 2023 #19

Didn't we used to have anti-trust laws to prevent monopolies and price-fixing? DBoon Oct 2023 #16