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ANALYSIS: Rising Demand for Protein Supports Turkey Sales Even as Prices Remain Elevated
It has been suggested that the increasing beef prices could drive up sales of similar items such as turkey and chicken lunchmeat, as well as ground items. However, there’s also been concern that the all-time high prices of turkey breast meat could squash consumer demand. Interestingly, if we look at a comparison of turkey and beef in terms of fresh packaged lunchmeat and ground, we see that they are performing similarly robustly at the retail counter. While it does not appear that turkey is replacing beef in these sectors, the phrase “a rising tide floats all boats” does seem to apply...
The Retail Rundown: Labor Day Protein Promotions at a Glance
Seafood leads Labor Day protein promotions, accounting for 27.1% of total ad volume. Pork follows at 23.2%, with beef and chicken each capturing about 22%. Retail buying opportunities for turkey held steady at 3.5%, while promotional activity for shell eggs remained limited.
Back-to-school demand has provided fair to fairly good retail support for eggs, according to Expana, with shelf prices holding mainly steady across most areas in the past month. Last week, white large Grade A eggs were advertised at $4.49 per dozen discounted, nearly $1...
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