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Grilling could soon get more expensive. Tyson Foods, the world’s second-largest meat processor, has already hiked prices as much as 40% — and says there’s more on the way.

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Summary List Placement

The world’s second-largest meat processor says it will keep raising its prices.

In its third quarter, which runs to July 3, Tyson Foods hiked up its average price for pork by 39%, beef by 12%, and chicken by 16%, it said Monday.

CEO Donnie King said during an earnings call that the company planned to raise prices for retailers again next month to cope with higher costs — he estimated that “unprecedented inflation” reached 14% in the quarter.

“Costs are hitting us faster than we can get pricing at this point,” King said.

“We will continue to take details ⇒

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