Chicken Prices Hit Record High as Analysts Warn of Even More Increases

Chicken prices in stores have hit record highs, and analysts say they could stay elevated as major poultry producer Tyson Foods is closing six plants.

Tyson food frozen chicken products sit in refrigerated section of a store in Washington, on Aug. 8, 2023. Anna Moneymaker/Getty Images

Chicken prices at grocery stores have hit record highs, and analysts say they’re likely to stay elevated as Tyson Foods and other producers dial back poultry production.

The latest numbers from the Bureau of Labor Statistics show that the prices of whole fresh chicken sold at stores hit their highest level ever of $1.958 per pound on average in U.S. cities in August, the latest month of available data.