Yahoo Finance's Brian Cheung breaks down a chart showing that chicken wing prices may have peaked amid inflation.
BRIAN CHEUNG: Well, time now for our Chart of the Day. And we're shifting gears now that talk about chicken wings. The price of those flats going down, as you can see from the purple line here from about $3.00 a pound roughly last year around this time to $1.68 a pound as of last month.
Now, we've actually seen similar trends in the orange line for boneless, skinless, chicken breast as well, reversing some of the price increases that we had seen as the summer began. Interestingly, if you take a look at just the whole bird, if you're maybe making a high '90s chicken, boiling the whole dang thing. That's actually kind of been flat throughout most of this period, although it also hasn't declined any further.
Same story, as is the case, for leg quarters, if you're trying to grill those as well. So maybe some relief happening over on in the chicken space. Certainly good news for some. At least me, I'm a huge chicken fan.