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Farm Bureau: Thanksgiving Dinner Cost Up 20%

Farm Bureau's 37th annual survey reveals the average cost of this year's classic Thanksgiving feast for 10 is $64.05, less than $6.50 per person. This is a $10.74 or 20% increase from last year's average of $53.31.

The centerpiece on most Thanksgiving tables – the turkey – costs more than last year, at $28.96 for a 16-pound bird. That's $1.81 per pound, up 21% from last year, due to several factors beyond general inflation. Farm Bureau "volunteer shoppers" checked prices Oct. 18-31, before most grocery store chains... 

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Nov 17 8:00 AM, General News



What We Foresee for 2023 - Technomic

It’s a tough time for restaurants, no doubt. The return to sustained normalcy that consumers and operators were anticipating after COVID-19 has been stalled by economic headwinds. Although supply chain problems appear to be receding, mainly because operators have solved for handling shortages and delays, inflation and the specter of recession are putting forth new hurdles for operators to jump over after already being depleted by the last couple years of the pandemic. While signs point to a challenging beginning of the new year, the latter part of 2023 should brighten as we...

 

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Nov 2 8:56 AM, General News


Restaurant365 Data Reveals Increase in 2022 Mid-Year Sales

Restaurant365, the leading all-in-one restaurant enterprise management software, reported that demand remained strong for restaurants in the second quarter of 2022, citing a 12% increase in its customers' sales from Q1 to Q2, despite the challenges of inflation and rising food costs.

"As economists discuss a potential economic slowdown, restaurants may not yet feel impacted because their sales continue to grow," stated Tony Smith, CEO and co-founder of Restaurant365. "A decline is still a very real possibility, so now is the best time for restaurants to take action..." 

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Sep 9 8:00 AM, General News


NCC Responds to Latest New York Times Attack on Chicken Producers

The National Chicken Council today released the following statement in response to a New York Times Opinion video attacking U.S. chicken production and advocating for increased food costs:

“The New York Times Opinion video, “The True Cost of Cheap Chicken,” is a vegan propaganda piece whose goal is to make meat more expensive, as clearly articulated in the final line of the video, “Chicken should be $6 a pound, not $1 a pound.” The activist group behind the video, Mercy for Animals, spends tens of millions of...

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Feb 14 8:07 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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