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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...