Tyson management also alluded to more pain for the consumer’s wallet when it said earlier today, “The consumer really hasn’t felt the effect of the $6-$7 grain market yet. Either on beef, pork or chicken.”
- Positive for restaurants: Increased prices at the grocery store can only help restaurants going forward.
- Negative for restaurants: KFT also said that
Mac & Cheese, which management called its “icon of value oriented mean solutions” grew nearly 20% in the quarter.
Higher chicken and beef prices for the consumer also translate into higher costs for restaurant operators.