Even more grocery items are about to get pricier...
"Tyson said it raised meat prices to offset higher costs for labor, transportation, and grains used for animal feed. Its cost of goods rose by 18% in the quarter, and [told reporters he expects grain prices will continue to rise," Tom Polansek and Ananya Mariam Rajesh recently wrote for
."To respond, Tyson restructured its chicken pricing strategy to make it more flexible and has asked customers to pay for freight rates that jumped 32%, King said.". Beef prices went up almost 32%, bringing in $5 billion, while the average price of the company's products went up almost 20%. To get all the latest grocery store news delivered right to your email inbox every day, sign up for our newsletter!
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