Retail Beef
At a time when beef packing plants are in the red, Cargill stays committed to the beef industry, investing in plant technology and efficiency.
The move could improve the outlook for beef exports to China, which has upped its spending on Australian beef during the past two months.
The retail meat industry sold 500 million more packages in 2024 than they did in 2023. Of that 500 million-package growth, 62% was driven by millennials.
Total beef production is down a scant 0.7 percent so far this year and may end the year equal to year ago levels. Despite this, wholesale and retail beef prices are higher thus far in 2024.
The Biden-Harris Administration invests $110 Million through the Meat and Poultry Processing Expansion Program (MPPEP) and the Local Meat Capacity (Local MCap) Grant Program.
No real demand for meatless options at McDonald’s, so chain won’t have McPlant or salads on any menus. The company will focus on chicken and bringing back the McRib.
With a slogan of “raised, not sourced,” Tim Haer had a wild idea to differentiate their business: create a vending machine to sell meat produced on their family’s farm, an idea he says that’s been wildly successful.
Families can expect to pay $67.73 to host an Independence Day cookout for 10 people, the American Farm Bureau Federation reports, a decrease of 3% year over year, yet 14% higher than two years ago.
Though rooted in tradition, this father-daughter duo is stepping into new territory, using genomic testing and creating their own specialty beef label to add value and increase efficiency in their operation.
When it comes to meat, what is your state most hungry for? Data shows meat eaters across the nation are looking for variety and tend to have a geographic component to recent consumer preferences.
Misinformation and conspiracy theories regarding the use of mRNA vaccines in livestock continue, despite efforts of the scientific community, who emphasize, “mRNA from a vaccine will NOT be passed along in meat.”
Fifty groups and organizations recently sent a letter to Congress members encouraging reintroduction of the American Beef Labeling Act in 2023.
While plant-based meat alternatives seem to have lost their hype, scientists work to develop another protein alternative—mealworms.
Recent sales data suggest alternative proteins are struggling to maintain the momentum the products enjoyed after first hitting the market.
Beyond Meat is set to release quarterly financial reports likely showing growing sales and increasing losses. As one analyst put it, “it seems the more faux meat they sell the more faux money they make.”
As the COVID-19 pandemic brought beef shortages, consumers may have noticed some different cuts of beef when their traditional selections were sold out.
Higher prices on bigger volume is testament to the importance of building and maintaining efforts to boost beef demand. The industry’s focus on improved quality and consistency is paying dividends for U.S. producers.