Wednesday, August 11, 2021

Meat Supply Chain

 
Rising input cost, low production send chicken prices soaring in Andhra  Pradesh | Visakhapatnam News - Times of India   Buffalo Wild Wings clucks over possible deal amid high chicken-wing prices  Beef prices: Average price for a pound of beef soars - Mar. 31, 2011   Wholesale Beef Prices Continue Spiking Higher | Drovers

    We all know prices are crazy. This is what is going on in one industry so you know they are ALL doing the same thing.
    Stock up in your freezer if you can afford it . Most meat I think stays good without freezer burn 6-12 months depending on how it is wrapped and what kind of meat it is.
  You still need to have a back up plan for electrical outages whether it is from power supply outages due to the bad weather or your area can't operate due to water shortages.
   In the good old days way back machine they kept those chickens on the hoof out in the yard. You want chicken dinner you go out that morning knock it's block off and get it ready for the frying pan. If you have other animals on your place you can keep them on the hoof until ready to either butcher yourself or wait in the line for months ( and I do mean 6-12 months) at your local butcher man/woman. Not many folks have a desire to butcher anything. Deer hunters may have a clue but I promise the wild game is going to be in short supply so don't count on it. Do you have the knowledge or the equipment to butcher anything? Even a simple chicken?
    I remember my grandparents would butcher a hog in the fall. They would keep us kids in the house while the men including my daddy would kill the hog and then hoist it up into the great big oak tree we had a tree house in. I don't remember much anything else other than it got done. My hubby and his family would also butcher hogs. He said they would kill the hog and have a huge pot of boiling water to scaled the pig then scrape the hair off and go from there. His mom used to put the hog skin in the oven and let it melt for the lard and some really good crunchy pig skin to much on. Hubby favorite to this day! I never heard much about cattle butchering. Maybe that was just to big a animal to process at home.
   So get ready the best you can for your personal food supply. You need for your immediate folks and any other people close to you and your folks. Now is the time to help each other in whatever way you can.

Love
Ranchmama

https://www.businessinsider.com/price-of-grilling-meat-giant-tyson-foods-plans-price-hikes-2021-8
 

 Tyson Foods is hiking up its meat prices for retailers thanks to an "unprecedented" rise in costs.
    The world's second-largest meat processor raised pork prices by 39% over the past three months.
    Further hikes are coming. "Costs are hitting us faster than we can get pricing at this point," its CEO said.

The world's second-largest meat processor says it will keep raising its prices.

In its third quarter, which runs to July 3, Tyson Foods hiked up its average price for pork by 39%, beef by 12%, and chicken by 16%, it said Monday.
CEO Donnie King said during an earnings call that the company planned to raise prices for retailers again next month to cope with higher costs — he estimated that "unprecedented inflation" reached 14% in the quarter.

"Costs are hitting us faster than we can get pricing at this point," King said.
"We will continue to take price to match the nature of the cost that's coming to us," he added.

Companies including Procter & Gamble, General Mills, and Coca-Cola have also announced price hikes to offset rising costs, triggering higher prices at both stores and restaurants.
The labor shortage and supply chain chaos are causing product shortages and price hikes across the US, and meat is no different.
King said that Tyson was forced to raise prices in the quarter because of rising costs of animal feed, packaging, and freight. The company is also spending on COVID-19 expenses, and on higher wages during the labor shortage.

In the third quarter alone, chicken feed ingredients cost $270 million more than usual, Stewart Glendinning, the company's chief financial officer, said. The company also spent around $55 million on COVID-19 expenses, he added.

The US is currently in the midst of a huge labor shortage that's causing businesses to cut operating hours, slash production, and raise prices.

"Labor is our single biggest issue we face," King said. This stemmed largely from the spread of the Delta variant, he said.Tyson announced last week that it was mandating COVID-19 vaccines for its entire US workforce by November 1. It said that nearly half of all staff have been vaccinated so far.

Tyson said in its earnings release that there had been strong global demand for meat, which allowed it to sustain the higher prices. The company said that its third-quarter sales were up nearly 25% year-over-year to $12.5 billion, and its net income increased 43% to $753 million.