For the first time in 16 years, the Certified Angus Beef ® brand (CAB®) reported lower annual pounds sold for its fiscal year that ended September 30. Still, 2020 was one of strong performance and the fifth consecutive year with sales of more than a billion pounds across 51 countries. Those global sales of 1.175 billion pounds were down 6%, or 75 million pounds.
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Analysts believe with the current supply chain interruptions and change of buying habits, U.S. consumers will buy less meat this summer, specifically beef. …
According to the research by Nielson, in 2019, beef sales declined by 4 percent and pork sales declined by 6.4 percent. Sales of vegan and veggie meat products, however, saw the biggest growth rate, rising 18 percent to £ 405 million. …
Beef reigns. It brings in more dollars than any other item at retail (2.1% of total), while nearly 6.3% of baskets include beef.2 This makes beef a formidable revenue generator in its own right. Further, the average basket with beef is more than twice that of the typical ring ($85.70 vs. $41.33, respectively). …
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