Meat gross sales take a success in March

March costs decreased for beef, pork, lamb, bacon and smoked ham when in comparison with March 2022, based on analysis from Circana (previously IRI), 210 Analytics and IDDBA. Solely packaged lunchmeat had double-digit inflation, whereas value will increase in hen and turkey have began to reasonable.

March meat gross sales stayed inside 1.5% of final yr’s stage in kilos. In {dollars}, gross sales have been just about flat at -0.6%. Recent meat was the largest vendor and outperformed processed meat in {dollars} and kilos.

Each greenback and pound gross sales pattern round yr in the past ranges in March 2023, however a troublesome January pulled down the outcomes for all the first quarter of the yr.

Assortment, measured within the variety of weekly gadgets per retailer, is averaging 491 meat and poultry SKUs. Ranges are holding regular towards the 2022 averages however stay down considerably towards 2019.

In all, the mixture of delicate inflation with subdued quantity strain prompted a -0.5% lower in recent meat gross sales in March 2023 versus March 2022. Beef was the largest vendor and lamb was the one one to develop {dollars} and kilos in March.

March processed meat gross sales remained proper round year-ago ranges in each {dollars} and kilos. Smoked ham pulled sharply forward of March 2022, doubtless because of the completely different timing of Easter between the 2 years. Packaged lunchmeat, dinner sausage and processed hen grew {dollars}, however misplaced floor in kilos.

Within the 52-week view, greenback gross sales did stay forward of year-ago ranges, however pound gross sales trailed by 1.9%. Except for smoked ham trending forward, frankfurters got here closest to matching final yr’s pound gross sales, at -0.2%.

Up to now yr, grinds generated $14.2 billion, with 85% of {dollars} and kilos being generated by floor beef. The bottom beef efficiency exceeds that of complete beef, with kilos down a mere -1.3% over the full-year view and up year-on-year in March. Moreover, floor hen, pork and lamb gained in kilos in March as grinds convey affordability and flexibility to the meat division.