Consumers’ willingness-to-pay increased for retail ribeye steak, ground beef and chicken breast, as well as food service ribeye steak, beef hamburger, pork chops and shrimp, in April compared to March. However, demand for all examined retail products and food service dinner meals was lower in April of 2023 than the year prior, according to the latest Meat Demand Monitor.
The combined beef and pork projected market shares for April are 33% and 20%, respectively at the grocery store and 41% and 15% at the restaurant.
Glynn Tonsor, professor in the Department of Agricultural Economics at…
