U.S. consumers remain interested in plant-based meat alternatives, but higher prices have led many prospective return consumers to taper off their purchases. The price of plant-based meats is often several dollars a pound higher than for equivalent meat and poultry products. Beyond cost, lingering negative perceptions surrounding taste, value and versatility are also obstacles the category has yet to overcome. …
With the U.S. Bureau of Labor Statistics projecting careers in science, technology, engineering and math (STEM) to grow twice as quickly as other industries, Seaboard Foods contributed $38,300 to several rural high schools where it operates to fund industrial arts programs and equipment. Several of the donations were made in partnership with CoBank’s Sharing Success Program which funds community and educational efforts in rural America. …
U.S. consumer demand for retail meat remains exceptionally strong despite higher prices stemming from increased production costs and supply chain limitations. However, once the full effects of producer price inflation finally hit retail meat cases, consumer demand for meat will be tested again, according to a new report from CoBank’s Knowledge Exchange. …
While chicken producers have been able to manage through their production disruptions, demand and prices have been volatile. Concern within the beef sector is now shifting from supply to demand. …
The reduction of meat processing capacity caused by U.S. plant closures and slowdowns has created a massive bottleneck in the nation’s meat and livestock supply chain. Nearly two dozen plants that process beef and pork products closed in April due to the COVID-19 outbreak, while many others have had to slow their production as a result of the disease. …
© Copyright 2021 | Phoenix Media Network | All Rights Reserved | Terms of Service | Privacy Policy
