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Analysis: Weekly Record High Volume in US Fresh Imported Lamb Product
According to the USDA’s latest National Weekly Lamb Carcass & Lamb Cuts report, the week of March 11th, 2024, experienced the highest weekly national imported volume of fresh lamb products to the US recorded since data collection began in 2005, totaling 4,424,235 pounds.
This represents a substantial increase, showing a 19.4% rise in the year-to-date total volume compared to this same period last year, and highlights a peak in demand activity as Easter 2024 approached. A significant portion...
Mintec's 2024 US Easter Index
Mintec’s US Easter Index measures price fluctuations across key food commodities that are typically consumed in the US during the Easter period. The US Easter Index compares the commodities’ prices in March 2024 against March 2023 to determine whether consumers will be hypothetically better or worse off this Easter. The Index is comprised of three sub-indices: the US Easter Protein Index represents a selection of meats, fish and eggs that will typically be eaten as part of a main Easter dinner; the US Easter Chocolate Index compares the main...
The Retail Rundown: Easter Features Breakdown
A March Easter is approaching—an occurrence not seen since 2016. Circulars are flush with holiday and springtime themes as grocers take full advantage of the upcoming weekend.
Pork feature volume rose through the ranks and earned the top spot of protein feature volume this week with 29% of ad space. Seafood eased to 25%, down from 32% last week. Lent ends tomorrow at sundown, meaning observers can soon indulge in meat on Fridays again.
Beef has 20% of retail activity while chicken features comprise 11% of protein ad volume. Turkey features more...
ANALYSIS: High Whole EU Egg Prices Leave Little Room For Movement Ahead of Easter
Historically, the pre-Easter period in Europe has been a peak time for the egg industry, characterized by rising prices leading up to the extended holiday weekend. However, this year, the uptick has been comparatively subdued, with minimal deviation observed from the 2024 trendline. Over the past five years, cage liquid whole egg values have reached an average Easter peak of 1.76 €/kg, reflecting a 22.4% increase from the Q1 five-year average low. This year, the price increase has been more restrained...
The Retail Rundown: Hopping Towards the Holiday
Seafood maintains its lion’s share of total feature volume with 37% this week, up from 28.6% the week prior. At present, 42% of seafood features stem from the fresh/frozen fillet category as retailers look to capture sales from Lent observers.
Tilapia and salmon have the greatest percentages of feature volume within the fillet category. With prices comparable to or below year-ago levels, retailers were keen to give the two species a larger chunk of circular real estate.
Fresh salmon, the top seller within the finfish category last week, retailed at...
Cracker Barrel Old Country Store® Announces Return of Easter Heat n' Serve Favorites
To celebrate Easter, Cracker Barrel Old Country Store® is announcing new meal offerings to help create a delicious home-cooked meal experience. Guests can enjoy new items like the Hot n' Ready Easter Ham and Turkey Family Dinner and a Heat n' Serve French Toast Bake or traditional favorites like the Easter Heat n' Serve Ham or Prime Rib meals.
"This Easter, let Cracker Barrel do the homestyle cooking," said Cracker Barrel Vice President of Culinary Thomas Yun...
The Retail Rundown: Plenty to Munch on in March
Baseball, basketball, briskets, and the list goes on! Retailers have their sights set on spring demand with March just around the corner. Next month brings several buying opportunities and a refresh for the retail food landscape following the February slump.
Just a little over two weeks out is St. Patrick’s Day on March 17th. Bar and foodservice establishments are expected to benefit from patrons out and about for the holiday, which falls on a weekend this year.
Consumers in the U.S. also celebrate the holiday with corned beef, which is made...
ANALYSIS: A Seasonal Snapshot of Christmas and Easter's Boost to Lamb Leg Sales
As Easter approaches, the demand for lamb legs in retail stores noticeably rises, spurred by holiday traditions. Consumers, particularly those of the Catholic faith, often buy lamb legs for Easter as a symbol of renewal. Similarly, lamb is a popular choice during Christmas for some households. This trend leads to a significant uptick in both discounted and non-discounted sales at the retail level, highlighting the cultural impact of these occasions on the protein markets. To meet this surge in demand, suppliers and retailers diligently ensure an...
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