According to Kansas State University’s Meat Demand Monitor, the willingness to pay for meat in November versus October is down among five items monitored in the retail sector, led by pork chops, followed by ground beef and chicken breasts.
In food service, however, the willingness to pay increased for ribeye, ground beef, and chicken breasts, while pork chops were down; bacon is not covered under the food service demand survey. Further, only 15 percent of those surveyed indicate their household finances are better than last year which has led to more concern about prices in the grocery store. Consumers reporting their finances are the same was 45 percent, and those reporting worse financial circumstances was 40 percent...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
