Chicken Shortage Sends Prices Soaring, and Restaurants Can’t Keep Up
Chicken wings are flying off the shelves.
After a year promoting takeout wings and crispy chicken sandwiches, restaurants including KFC, Wingstop Inc. and Buffalo Wild Wings Inc. say they are paying steep prices for scarce poultry. Some are running out of or limiting sales of tenders, filets and wings, cutting into some of their most reliable sales.
Independent eateries and bars have gone weeks without wings, owners say. Chicken breast prices have more than doubled since the beginning of the year, and wing prices have hit records, according to market-research firm Urner Barry.
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Urban Chicken Feeder System Concept Winner of UL Business Pitch Competition
Kurstin Laceky, a senior at the University of Louisiana at Lafayette, won $3,000 as the top winner at the Moody Pitch Competition recently.
Laceky won for her business idea of Waterhem’s, a patent-pending, all-in-one portable urban chicken feeder system, in the competition put on by the Moody College of Business and the BRF’s Entrepreneurial Accelerator Program, which provides services to innovative startups and works to stimulate entrepreneurship opportunities in north Louisiana.
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February 2021 Livestock Price & Production Summary
The February 2021 Price & Production Summary gives prices for cattle, poultry, hogs and dairy.
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USDA Extends Application Deadline for the Quality Loss Adjustment Program
The U.S. Department of Agriculture (USDA) is extending the deadline from March 5 to April 9 for agricultural producers to apply for the Quality Loss Adjustment (QLA) Program because of recent winter storms and some clarifications to program rules. This program assists producers who suffered crop quality losses due to qualifying 2018 and 2019 natural disasters.
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Pilgrim's Pride Pleads Guilty to Chicken Price-Fixing Charge, to Pay $107.9 Million Fine
Pilgrim’s Pride Corp, one of the largest U.S. poultry producers, pleaded guilty and was sentenced to pay a $107.9 million fine on Tuesday to settle federal charges it conspired to fix chicken prices and passed on the costs to consumers and other purchasers.
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