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This Week in Retail: Protein Demand and Rising Food Inflation

Fueled by rising food inflation, consumers nationwide continue to see higher prices for protein along with other goods, both at retail and foodservice. 

The Consumer Price Index (CPI) rose 8.3% in April, according to the Bureau of Labor Statistics—down slightly from the month prior. However, the latest figure was still near a 40-year high and slightly above what some analysts had anticipated. 

The food index increased 0.9% last month, its seventeenth consecutive monthly increase. 

Five of the six major grocery store food group indexes increased in April. The fruits and vegetable category was the only index that declined last month. The index for meats, poultry, fish, and eggs rose 1.4% in April, driven by a 10.3% increase in the egg index...

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May 12 8:07 AM, UB Newswires



This Week in Retail: Protein Features Spring to Life in May

May has finally arrived, sparking spring fever among consumers and retailers alike. With warmer weather beginning to arrive for parts of the country, retailers will increasingly showcase grilling campaigns for the upcoming summer season. 

The month of May hosts several retail occasions that typically heighten store traffic and sales. Baseball season is underway, leading to increased consumption both inside and outside the stadium of hot dogs, burgers, beers, and more.

The National Hog Dog and Sausage Council (NHDSC) estimates that MLB fans will consume 19.1 million hot dogs and nearly five million sausages at games this season. Fans are returning to stadiums at maximum capacity this season for the first time since 2019...

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May 5 8:00 AM, UB Newswires


This Week in Retail: Roast Features Make Room for Grilling Ads

Although some portions of the country are still experiencing cool weather and even snow, various grilling cuts are beginning to surface in circulars as consumers dust off their grills—despite being a month away from the unofficial Memorial Day kickstart to summer.

For grocers, the seasonal uptick in demand typically boosts sales for items like loins, butts, and ribs over the next few weeks as warmer weather drives increased outdoor activity.

In the meantime, retailers are preparing for the next retail occasion—Cinco de Mayo. The approaching celebration could increase store traffic as shoppers stock up on pork, beef, and chicken for tacos, burritos, enchiladas, and beyond...

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Apr 28 8:50 AM, UB Newswires


This Week in Retail: Looking Towards April

Heading into April, the prospect of warmer weather encourages grocers to revamp their ads to align with seasonal trends. Increased demand for grilling items, especially for premium beef cuts, typically supports sales at the meat case.

Furthermore, the warming trend often translates to increased foodservice demand as more consumers venture out to restaurants. 

Wholesale prices for cuts like strip steaks, porterhouse, and T-bones normally begin to increase sometime in April and peak in the summer months. 

This week in retail, steaks including top round, top sirloin, and T-bone all show a rise in price versus a year ago. The steak complex currently averages 32% higher YoY. Features for 80% ground beef average $3.47 per pound, up from $2.88 per pound last year. Average roast prices are up 42 cents per pound...

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Mar 31 8:00 AM, UB Newswires


This Week in Retail: Steak Features See Boost from Warmer Weather; Eyeing HPAI

Sunday marked the official start of spring. For retailers, that means grilling season is rapidly approaching, and with it—the opportunity for increased meat sales.

Steak features surged this week, accounting for 50.5 percent of total beef ads—up 16 percentage points from the week prior. Feature volume for roasts, meanwhile, has decreased, falling from 38.2 percent last week to 23.2 percent this week.

This week in retail, the steak complex averages $8.12 per pound, up 12.8 percent from a year ago. Boneless strip steaks are widely featured at grocery outlets across the nation and average $11.68 per pound, up 36 percent from a year ago. Top sirloin steaks are up 3.3 percent YoY at $5.64 per pound while bottom round steaks clock in at $5.54 per pound, up a whopping 68.4 percent from this week last year...

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Mar 24 8:27 AM, UB Newswires


This Week in Retail: Heat Lingers, but Grocers Look Towards Fall Demand

Heat continues to blanket much of the country in mid-September. Meanwhile, hurricane season is wreaking havoc along the eastern U.S. and Gulf Coast, with tropical storm Daniel being the latest system to rear its ugly head.

With some communities still reeling from the devasting damage of Hurricane Ida and others flooded by torrential rainfall from Nicholas, late-summer grilling plans are far removed from the priority list for many households. 

Meanwhile, the first day of fall is just under one week away. For retailers, the transition to autumn will mean increased consumer preference for fall favorites like roasts. Weather-permitting, tail gaiting at sports events as fans celebrate NFL season could prolong demand for grilling cuts while supporting popular game-time foods like wings.

Speaking of wing fanatics, the National Chicken Council recognizes September as National Chicken Month. Some grocers are advertising additional chicken cuts to encourage consumer spending on poultry. However, the number of chicken advertisements this week in Urner Barry’s survey was down from a week ago and was also below the last half of August...

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Sep 16 9:39 AM, UB Newswires


This Week in Retail: NFL Season Kicks Off, Boosting Protein Demand

The unofficial end of summer is in the rearview mirror and the National Football League season kicks off today with a game between the Dallas Cowboys and Tampa Bay Buccaneers. Football viewing parties along with tailgating provide additional opportunities for consumers to gather and celebrate game day with finger foods and protein-centric meals like burgers, hot dogs, ribs, and of course—wings. Football season increases foot traffic at both the meat case and prepared foods sections in the supermarket as eager fans stock up on favorites while cheering for their teams. 

While pumpkin-flavored everything is already making headlines, many parts of the country are still enjoying warm weather. Some households may continue to barbeque outdoors, aiding in prolonged support for grilling cuts in the near term...

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Sep 9 9:45 AM, UB Newswires


This Week in Retail: How the Ads Stack Up for Labor Day

Labor Day weekend is a stone’s throw away and retailers are spotlighting popular grilling items as we approach the final weeks of summer. 

Beef reigns number one in circular ad space this week with 28.6 percent of total feature volume, followed by seafood with 25.5 percent. Pork surpasses chicken for third with 24.3 percent. Chicken claimed 17.1 percent.

In the beef complex, 80% lean ground beef is on feature for an average of $3.19 per pound, down from $3.25 per pound last year. 80% lean ground beef is the only item in the beef complex displaying lower YOY feature prices this week. Top round London Broil, a favorable choice for grillling, is featured at $4.16 per pound, 27.2% above a year ago. The steak complex currently averages $8.70 per pound, nearly one dollar more per pound versus last year. T-bone and top sirloin are heavily advertised this week and their feature prices average about 23% and 8%, respectively, above 2020...

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Sep 3 8:39 AM, UB Newswires


Consumers Are Accessorizing Amplified Grilling and Outdoor Cooking Needs in 2021

After taking grilling to new levels last year, consumers now seem to be adapting to the growing needs of accessorizing their outdoor cooking activities. Between January and June 2021, consumer spending on grilling accessories consistently outperformed last year’s numbers, delivering a 28% increase in sales revenue, according to The NPD Group.

“The pandemic compelled consumers to spend on grilling and outdoor cooking, as a way to gather safely, create new experiences with family, and even learn new skills, during...

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Aug 23 8:31 AM, General News


This Week in Retail: Prepping for Labor Day; Pork and Beef Indices Forge Record Highs  

Labor Day weekend – a symbolic end of summer – is sadly within reach for families scrambling to fit in one last vacation before school resumes. For some college students, the fall semester has already begun. Among retailers, the Labor Day holiday is widely viewed as the last major grilling weekend of the year.

Grocery stores could see an uptick in foot traffic as parents restock on school staples like breakfast and lunch foods. Typically, aside from back-to-school demand and Labor Day grilling opportunities, the meat case takes a back seat in mid to late August. This year, however, beef and pork appear well-positioned to remain in the spotlight despite a traditional period of seasonal... 

 

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Aug 19 10:15 AM, UB Newswires


This Week in Retail: Tight Supplies, Stellar Protein Demand; A Case of Déjà Vu?

August is flying by and retail ads are beginning to shift from grilling staples to tailgating must-haves as retailers highlight NFL preseason. Consumer demand for beef, pork, and chicken has remained stellar leading up to the fall, and tight supplies across most protein items may continue to keep retail prices elevated.

This week in retail we look at the situation surrounding the poultry and red meat complex, which continues to be influenced by the pandemic and ongoing logistical challenges. 

This time last year, retail prices were higher for many protein items amid efforts to reopen food service and dining capacity across the nation. The situation in August 2021 appears to be a case of déjà vu as retail prices, for beef and pork, in particular, trend higher than year-ago levels. The Delta variant is fueling volatility in the marketplace and re-emerging patterns of panic-buying are becoming increasingly likely. 

A year ago, seafood and beef features...

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Aug 13 7:43 AM, UB Newswires


This Week in Retail: The Outlook for August

The dog days of summer will soon be behind us and below normal temperatures are already starting to materialize in the areas spanning the central Plains to the East Coast. This week is retail, we delve into the supply and demand landscape that will impact retail meat prices in August.

As more moderate temperatures begin to arrive, grocers will begin to shift their attention to back-to-school needs by featuring items used in lunches and snacks. These items typically include easy-to-prepare frozen meals like pizza along with deli meats.

Retailers will also begin to promote breakfast foods like eggs. In addition, retailers will be focusing on dinnertime staples since families tend to sit down together for...

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Aug 5 10:16 AM, UB Newswires


Jul 20 2:54 PM, Urner Barry

VIDEO: State of the Market episode 21: The Boxed Beef Market

The passing of Father's Day grilling demand cause a beef market correction, middle meat items driving the market and assisting foodservice, and more on this week's episode of State of the Market. Host Laura Zinger and Market Reporter Gary Morrison dive into the Boxed Beef Market.

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DoorDash and Beyond Meat Introduce Limited Edition Summer Grilling Kits for On-Demand Delivery

DoorDash announced a partnership with Beyond Meat, a leader in plant-based meat, to offer limited-edition, July 4th grilling kits to help customers host the ultimate BBQ featuring the new Beyond Burger®. The kits are available exclusively on DoorDash for on-demand delivery from DashMart, a new type of convenience store owned, operated, and curated by DoorDash.

As many people prepare for a summer of grilling and gathering, the kit also provides a seamless way for consumers to get their grilling essentials without taking a last-minute trip to the grocery store. According to a national consumer survey that polled 1,000 U.S. adults...

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Jun 29 8:17 AM, General News


Beyond Meat Introduces First-ever Value 6-Pack of Beyond Burger Across Canada

Beyond Meat announced the launch of the first-ever value 6-pack of its iconic Beyond Burger® in Canada. Major grocery stores across Canada now carry the 6-pack of plant-based burger patties, which are frozen and perfect for summer cookouts, backyard BBQs and last-minute grill nights.

The new 6-pack offers taste along with added convenience and value for shoppers since they are sold in the frozen meat aisle with a suggested retail price of...

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May 28 8:28 AM, General News







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Foodmarket, a specialized media offering from Urner Barry, is the premier source of market news for the food industry.

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