Beef posts dollar sales growth in the US

For November 2023, the average retail price of beef increased by 8.9% per pound due to supply constraints, according to Circana retail sales analysis. Prices for fresh beef averaged $6.44 per pound. Looking at the 52-week period from November 2022 to November 2023, fresh beef prices averaged $6.19 per pound, up 2.8%. For November 2023, Circana research finds that total fresh meat sales totaled $4.8 billion, with beef accounting for nearly half of all sales dollars at $2.3 billion. Total dollar sales of fresh meat were down slightly (-0.7%) for November 2023, with pounds sold down -3.4% compared with November 2022 pounds sold, according to Circana. While fresh beef saw pounds sold for November 2023 down -3.9% compared to year-ago levels, the price pound was up 4.6%. For the 52-week period ending Nov. 26, 2023, total fresh meat sales hit $57.8 billion, with fresh beef accounting for $31 billion of that total. Dollar sales growth for fresh beef performed slightly better than the ...