Tyson Foods To Raise Prices "Substantially"

Tyson Foods To Raise Prices "Substantially"

Eat that chicken and your wallet takes a lickin. The CEO of Tyson Foods, makers of fine chicken, beef, and pork products, said in a conference call yesterday, “We have no other choice but to raise prices substantially…We are raising prices because we can’t absorb these costs. Despite concerns about the economy, people have to eat, and they will continue to eat protein.” 2008, the year of tightening wallets… and belts?