Reported November meat sales data show meat department sales were positive and have remained so since Q1 of 2023. In all cases, dollar gains were from a combination of inflation and demand growth. Indeed, meat demand has remained remarkably resilient through 2025. On a per capita basis, chicken was up 4 pounds to 107.2 pounds, pork was up 1.6 pounds to 50.9 pounds, and turkey was up 0.3 pounds to 13.4 pounds. Only beef saw a slip, down 1.5 pounds to 57 pounds, but higher prices made up the greater demand.
Mirroring the total store patterns, volume sales were off during the first week of November. However, the second and third weeks of the month more than made up for the initial weak start. Volume sales increased nearly 6 percent in t...
What You Need to Know Today: The hot, dry weather forecast continues to drive strength in grain futures with corn and soybeans hitting another day of strong gains. Monday’s Crop Progress and Conditions data were in line with market expectations and showed relatively few concerns for the...
Yesterday we wrote about the Q1 GDP numbers and the June employment reports in an article entitled Real GDP for Q1 Relying on AI Buildout, Held Back by Consumer Spending. That article mentioned that consumer spending had become a drag on GDP. Nonetheless, real GDP in Q1 was revised upward to 2...
Key Takeaways: The Middle East and North Africa's arid climate and limited water resources have created a structural dependence on imported wheat. Government wheat tenders in major importing countries serve as important benchmarks for global trade, providing insight into exporter competitivene...
