Technomic's 2015 Center of the Plate: Beef & Pork Consumer Trend Report shows a significant demand for pork and beef products, with the majority of consumers eat beef and pork either as an entree, entree topping or ingredient at least once a week. Right now beef is still more in demand, consumed weekly by 85% of consumers, while 69% have pork every week. In addition, 42% of consumers want restaurants to offer a wider variety of beef entrees compared to 33% for pork.
But with pig herds growing and pork production poised to overcome beef production for the first time in decades, demand for pork might grow even further. In addition, 21% of consumers are ordering beef less often when they eat out due to rising prices, and some major food companies are already reporting falling pork prices, reported Bloomberg.
Pork production is expected to hit 23.9 billion-lbs. this year, rising above beef's projection of 23.8 billion-lbs., according to Food Institute analysis of USDA data. For more information on where beef and pork are heading this year, check out the Feb. 9 issue of Food Institute Report, page 1.
It's certainly not over, but farmers and food producers may receive a few months' respite as tariffs in the Sino-U.S. trade war will not escalate for 90 days. Additionally, they can at least look forward to a new normal as the United States-Mexico-Canada Agreement (USMCA) moves forward to full ratification.read more
With a background in both daily and weekly publications, Bryan has worked as a journalist since freelancing for his hometown paper in high school. He has since written both in print and online for min, The Times of Trenton and North Jersey Media Group, holding positions from stringer to editor. With a background as a news reporter, he has learned to seek out the focus behind the story, digging for the most important information.
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