Steak's off the table: Inflation-weary shoppers are switching to chicken
CNN
Shoppers are pulling back on buying pricey steaks and switching to cheaper chicken at the grocery store, Tyson said.
Tyson (TSN), the meat processing giant, said Monday that "demand for chicken is extremely strong," while demand for its higher-priced cuts of beef has softened.
The company said its average sales price for chicken grew during its latest quarter, while the average price for beef and pork fell as consumers balked at some premium cuts. Meat prices skyrocketed in 2021, but some items have fallen in recent months.
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