U.S. consumers have lowered their willingness-to-pay for six evaluated retail products, including ribeye steak, ground beef, pork chops and bacon, in June compared to May, according to the latest Meat Demand Monitor. WTP also decreased for all evaluated food service meals last month.
Retail and food service demand in June 2023 was also lower than the year prior for all examined beef and pork offerings. The combined beef and pork projected market shares for June are 32% and 21%, respectively at the grocery store, and 39% and 13% at the restaurant.
Tonsor
“I think base…
