In 2023 US consumers can anticipate greater availability of pork, broiler meat and turkey but less beef, which they will have to pay more for than last year. Demand for all proteins will largely depend on consumer concerns about inflation and whether the US economy has moved into a recession. Beef demand at retail and foodservice is robust. Beef currently has an advantage over pork and chicken at retail as average retail prices in the second half of last year trended below year-ago levels, while pork and chicken prices trended higher. Pork prices even hit a record $5.05 per lb in October, up 4.8% from a year earlier. Beef prices are currently at their most competitive in relation to the competing meats since 2017. But that is likely to change this year.
원본 콘텐츠
Beef demand at retail and foodservice is robust. Beef currently has an advantage over pork and chicken at retail as average retail prices in the second half of last year trended below year-ago levels, while pork and chicken prices trended higher. Pork prices even hit a record $5.05 per lb in October, up 4.8% from a year earlier. Beef prices are currently at their most competitive in relation to the competing meats since 2017. But that is likely to change this year. US consumer demand for beef, pork and chicken was strong before the onset of the COVID-19 pandemic in early 2020. But it got even stronger as US consumers stayed at home and cooked a lot more. Beef was the biggest winner of all the meats, as consumers sought a meat treat in exchange for not being able to eat out at most dine-in restaurants for many months. Beef retail prices eventually reached record-high levels in October 2021. The US Department of Agriculture’s All Fresh beef price averaged $7.55 per lb and its Choice ...