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North American Meat Institute to Secretary Vilsack: Scapegoating Industry Does Not Help Consumer

The North American Meat Institute (Meat Institute) today said the Secretary of Agriculture’s transparent attempts to scapegoat the meat and poultry industry to shift blame for inflationary prices will not help consumers.

“The Administration cannot ignore the fundamental principles of supply and demand,” said Meat Institute President and CEO Julie Anna Potts. “Americans are experiencing firsthand what the Secretary refuses to acknowledge, the effects of COVID and lack of labor are hurting consumers, and nothing proposed by the Secretary of Agriculture on the structure of the..." 

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Sep 15 8:50 AM, General News



The Factors Propelling Retail Food Sales Forward

Sales spiked significantly in 2020 (+14% from 2019 levels) due to the impact of the coronavirus, according to the update of Packaged Facts' benchmark coverage of retail food sales in Food Market Outlook 2021: Grocery Shopping, Home Cooking, & Food Preferences in the Waning Pandemic Period.

Consumers sharply curtailed dining out or using school cafeterias and instead did more grocery shopping to prepare and eat most meals and snacks at home. Going forward, retail grocery sales are projected to increase at a significantly lower rate in 2021 from this high base as...

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Sep 14 9:39 AM, General News


North American Meat Institute Statement on Consumer Prices for Meat and Poultry Products

The North American Meat Institute today issued the following statement about inflammatory statements regarding the meat and poultry industry and the price of consumer goods during a labor shortage and a global pandemic:

“As with almost every industry, meat and poultry packers and processors of all sizes have been, and continue to be, affected by the global pandemic and the inflationary trends that challenge the U.S. economy,” said Mark Dopp, Chief Operating Officer for the North American Meat Institute. “American consumers of most goods and services are..."

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Sep 10 8:52 AM, General News


Consumer Confidence Fell in August to Lowest Level since February

The Conference Board Consumer Confidence Index® declined in August, following a decrease in July (a downward revision). The Index now stands at 113.8 (1985=100), down from 125.1 in July. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—fell to 147.3 from 157.2 last month. The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell to 91.4 from 103.8.

“Consumer confidence retreated in August to its lowest level since February 2021 (95.2),” said...

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Sep 1 8:37 AM, General News


Surging Delta Variant Continues to Impact the Way Consumers Shop

Just as normalcy appeared to be on the horizon, surges of COVID-19 cases brought by the Delta variant are once again leaving many Americans in fear of what’s to come. Thirty percent of shoppers are more worried about COVID as Delta cases continue to rise, and 40 percent report feeling the same level of discomfort as they did one month ago. Of those concerned Americans, 43 percent report that the Delta variant is impacting the way they shop, and nearly half (47 percent) are more worried about shopping...

 

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Aug 23 8:33 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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