Tyson Foods is struggling to raise prices fast enough to keep up with inflation in key production inputs like grain, labor, and freight costs, the company’s top executive said in a Monday earnings call. “Costs are hitting us faster than we can get pricing at this point,” Tyson Foods CEO Donnie King said on the call, in which he noted that, in the quarter ended July 3, the company raised its average price for pork by around 39 percent, beef by 12 percent, and chicken by 16 percent. To offset inflation, Tyson has increased prices for restaurant customers and plans to raise retail prices on Sept. 5, King said, adding that more price hikes are in the works. Branded and value-added products are particularly affected by inflation, which hit 14 percent in the company’s third quarter, King said. “We have seen accelerating and unprecedented inflation,” King said in reference to Tyson’s …