In the protein business, feed ingredients are over 50% of our cost. No two years in farming are alike or free of drama. Much can change between now and the harvest, The key is bringing order to chaos and having a long-term strategy.
According to Circana retail data analysis, prices for packaged lunchmeat averaged $6.28 per pound in June 2023, an increase of 7.4% for the category compared with June 2022.
Though the sausage category has experienced growth in dollars in 2022, it has declined in unit and volume, said Anne-Marie Roerink, principal of 210 Analytics.