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This Week in Retail: Filet Mignon a Steal at Retail This Valentine’s Day, While Lobster Prices Soar
Beef takes the top spot for protein feature volume this week, with 30 percent of ad space. Seafood follows up with 27 percent, while pork claims 21 percent. Chicken ads make up 15 percent of total protein features.
Of course, steaks make up an overwhelming majority of beef ads for Valentine’s, accounting for 51 percent of beef buying opportunities. The top featured steak cuts for this week include ribeyes, top sirloins, and tenderloin filets. Bone-in rib steaks average $7.54 per pound, which is up from a year ago at $6.96. Top sirloin steaks are a little more economical for the budget minded shopper, at $6.39 per pound, down nearly 8 percent from a year ago. Filets average $14.13 per pound on feature, which is down nearly $2 per pound from last year—and 15 percent lower compared to the 3-year average, making this item a relative steal for V-day dinner at home.
Pairing that steak with a succulent lobster tail? Cupid himself would be impressed, but you’ll be paying more than last year...
Chicago Meat Authority Increases Organic Offerings
Chicago Meat Authority has increased its organics offerings to include steak and beef. CMA has been certified by the Midwest Organic Services Association as a handler under the USDA National Organic Program. As a handler, CMA is required to have a program in place to ensure that organic products remain pure and are not cross-contacted with non-organic products or prohibited substances.
“We have expanded our certified organic program to include beef items such as premium steaks, roasts and grinds...
Target Introduces Food and Beverage Brand
This Week in Retail: Prepare for Pre-Season Protein Demand
Walmart Releases Q2 FY20 Earnings
Oregon Passes Cage-Free Egg Law
Smithfield Foods Launches Plant-Based Protein Portfolio Under Pure Farmland Brand
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