THE MEAT MARKET
We're seeing strong and/or rising prices on just about all types of protein; a supply driven environment continues to be the main reason behind today’s wholesale beef, pork, and poultry prices. As the US economy and dollar continue to rock n' roll, meat demand is following suit (although with a strengthening US greenback, US imports may become a tough sell).
It's grilling season and retail ads are playing into the sizzle of upcoming summer. Pork tenders, ribs, and boneless chicken were the head turners on retail pages… but where's the beef?!? Its looking like steep prices are keeping beef out of the retail limelight. As consumers heat up their grills, they're looking for hot meat prices too!
On the beef front, buyers are anxiously awaiting to see what the production peaks out of New Zealand bring, but until then - they'll need to keep chasing the few and far between offerings currently out there today. Overall, however, demand continues to feel sluggish; what would prices look like if demand was hot?!
On the pork side, bellies are the talk of the town. With sizeable price swings, it’s hard to predict any price trend, and it's looking like a rollercoaster ride today. Pork has been popular among consumers, but how can we expect price fluctuations of chicken and beef to affect pork's popularity?
Partnering with CHISHOLM means that you get a Team of industry experts to help you navigate these uncertain waters to find the best strategies to keep moving your business forward. Contact us today: www.rachisholm.com
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