Twitter is thrilled after news broke today that chicken wing prices have decreased. According to NBC News, the price of chicken wings is cheaper than before the pandemic, with the average wholesale price of a pound being around $1.68 in July. Experts believe the average will be even lower in August.
Wingstop president and CEO Michael Skipworth predicted the decline last month, according to NBC News. He said he expected to see deflation in prices for bone-in chicken wings, as the company found the prices had fallen nearly 19% year-over-year in its fiscal second quarter.
Fabio Sandri, CEO of the multinational poultry processing company Pilgrim’s Pride, said the decrease in price is due to supply and demand, NBC News reports. Sandri explained that earlier in the pandemic, demand for wings was high. To manage costs, restaurants began to replace bone-in wings with boneless wings. That lowered the demand and increased the supply of bone-in wings, ultimately making them cheaper.
Regardless of the reasoning, Twitter couldn’t be happier about the news.
One Twitter user is thanking God for the price drop.
— KenKen (@KensBestLyfe) August 18, 2022
Others are thanking President Joe Biden for the much-needed price cut.
“Chicken wings are affordable again! Thank U President Biden” someone wrote.
Chicken wings are affordable again! Thank U President Biden! https://t.co/4wxMRdltHc pic.twitter.com/aXYiZlePDl
— Kenny BooYah! 🖖🏾 (@KwikWarren) August 18, 2022
“City Boys up rest of the summer,” another fan rejoiced.
City Boys up rest of the summer! pic.twitter.com/wkEWD5ovhJ
— Ced ® (@cedfunches) August 18, 2022
“So the price for chicken wings have gone down, to its lowest in 4 years? I’m bout to go buy the store up,” one viewer wrote.
So the price for chicken wings have gone down, to its lowest in 4 years? I’m bout to go buy the store up
— boward wowards good pussy (@compact_m1ni) August 18, 2022
Another user shared that he’s been waiting for this price drop for a minute.
“I’ve been waiting for this. I refused to pay double the price,” they tweeted.
I’ve been waiting for this. I refused to pay double the price. pic.twitter.com/bUzPQ9YS9u
— Maggie 🌻 Bet On Black (@The_Vent_Line) August 18, 2022
One person is hoping for the same thing to happen to oxtails.
“Tell ‘em to do Oxtails next,” they tweeted.
Tell ‘em to do Oxtails next
— FKA Nigs (@fabfreshandfly) August 18, 2022
And one viewer wanted to know where they can cop cheaper wings.
“I would like to know where these wings are. I just went grocery shopping the other day and a bag of chicken breast that used to cost $7 is currently $13. Almost doubled,” they shared.
I would like to know where these wings are. I just went grocery shopping the other day and a bag of chicken breast that used to cost $7 is currently $13. Almost doubled.
— Xcalion, Libertarian Incarnate (@Xcalion) August 18, 2022
Sandri said as we head into the fall, demand for chicken wings will likely increase and prices could increase again.
“We expect also the wings to start rising now coming the football and the basketball season,” he said, according to NBC News.