U.S. consumers were willing to pay more at food service for ribeye steak, ground beef, pork chops, bacon and chicken breast in January compared to December. However, they were not willing to pay more for those same protein products at retail.
According to the January Meat Demand Monitor, the combined beef and pork projected market shares were 32% and 19%, respectively at the grocery store and 41% and 14% at the restaurant. Meals consumed away-from-home varied in prevalence. Quick service held the largest share for breakfast and lunch meals while casual dining led for dinner. Combined,…
