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This Week in Retail: Seafood Features Are Ablaze Amid the Holidays
With Christmas at our doorstep, some households are stocking up on last-minute gifts, along with food for those hosting holiday meals.
Just ahead of the holiday, seafood climbed to the top spot among protein ads this week with 29.5 percent. Beef comes in second with 25.9 percent of total protein ad volume, followed by pork with 21.6 percent. Chicken makes up 4.7 percent, compared to 5.7 percent the previous week. Turkey features increased to 16.8 percent, up from 12.2 percent last week...
This Week in Retail: Inflation Climbs to 39-Year High in Latest CPI Data
The Bureau of Labor Statistics (BLS) released the latest Consumer Price Index (CPI) for November, showing the all items index up 6.8 percent over the past 12 months. This was the fastest 12-month increase since June 1982.
The food index increased 0.7 percent last month after rising 0.9 percent in both September and October. The index for food away from home rose 0.6 percent in November after gaining 0.8 percent in October, according to the BLS. Over the last year, the food away from home index has risen 5.8 percent. This was the largest yearly increase dating back to January 1982...
This Week in Retail: A Look at Holiday Ribs and Hams
The standing rib roast or holiday ham is a traditional centerpiece at the Christmas dinner table. With a little over two weeks to go until Christmas, wholesale buyers are completing their holiday purchases and will increasingly showcase these popular items at retail.
For the wholesale rib market, prices are under significant pressure following a record-shattering peak at nearly $615/cwt in late September, according to Urner Barry’s Choice quotation. Typically, the wholesale rib market begins its seasonal advance from September through around mid to late November as retailers secure inventory for the holiday.
At present, the rib cutout is in an inverse price trend compared to 2020, which saw record-high levels for this time of year...
This Week in Retail: Jingle Bells, December Sells
December has arrived and retailers have been proactively preparing for what could be a record-breaking season for holiday spending.
The National Retail Federation predicts the highest holiday retail sales on record this year. According to the NRF’s forecast, holiday sales during November and December could grow between $843.4 billion and $859 billion. This compares with a previous high of $777.3 billion in 2020.
Rising incomes along with household wealth, a desire to return to in-person events, and a favorable weather forecast for the holiday season are among the factors contributing to a promising spending outlook...
Protein Markets Contend with More Than Just "Seasonal" Issues Heading Into Q4
ANALYSIS: Shell Egg Prices Crack New Record Highs Amid Strong Demand, Depleted Inventories
This Week in Retail: Seasonal Trends Start to Shift
Urner Barry Releases September Soy & Wheat Report
Urner Barry Releases September Pulse Protein Report