“As we look toward a new year, understanding the overarching trends happening in five key areas can help you anticipate your customers’ needs and keep meat in the mix,” according…
Consumer Demand
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Spending time with family and friends at Thanksgiving remains important for many Americans and this year the cost of the meal is also top of mind. Farm Bureau’s 37th annual…
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The all-fresh retail beef price in October was $7.25/lb., down slightly from $7.32/lb. in September and down 4.0 percent from the record high of $7.55/lb. one year ago. In 2022,…
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Rising Retail Prices Will Increasingly Test Consumers’ Appetite for Meat
by Colter BrownU.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply chain limitations. However, once the full effects of producer price inflation…
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Consumer demand for lamb increased considerably during 2020. While all meat sales grew in 2020 as more meals were consumed at home, lamb sales grew at a larger percentage than…