Odd Lots Beak Capitalism, Part 1: Chickflation
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Nov 15, 2024 
In this engaging discussion, Glenn Hickman, President of Hickman's Egg Ranch, delves into the intriguing dynamics of the chicken market amidst rising prices. He explores the quirky phenomenon of 'chickflation'—how consumer love for chicken remains strong despite soaring costs. Hickman also examines the impact of avian flu on egg prices and the broader poultry industry. Listeners will gain insights into how supply chain issues and inflation affect what we pay for our favorite chicken dishes, highlighting the interconnectedness of economics and consumer behavior.
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The Chicken Sandwich Wars
- Popeyes' chicken sandwich launch in 2019 sparked intense competition, the "chicken sandwich wars."
- This led to imitations, long lines, and even lawsuits, highlighting Americans' obsession with chicken.
Chicken Wins
- The chicken sandwich wars, while seemingly about specific brands, ultimately benefited the chicken industry as a whole.
- Chicken consumption continues to grow, even with rising poultry prices, demonstrating its dominance in the American diet.
Chicken's Economic Significance
- Americans' chicken consumption is increasing, even as prices rise, exceeding all other meats.
- This preference contributes to chicken's significant role in discussions about inflation and economic trends.