Tightened belts

📉 That’s right: belts have been tightened when it comes to what consumers are willing to pay for in meat, both in retail and food service. The latest Meat Demand Monitor (MDM) observed in Dec 2022 showed a dip in domestic demand over the previous month.

     • According to specialists, results are not too surprising, and it’s quite likely that the situation will continue until consumer optimism regarding inflation improves. 

🥩 Consumers are less willing to pay for four evaluated retail products, including ribeye steak, ground beef and bacon. If you want to get into the details, here you go.