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Urner Barry
P.O. Box 389
Toms River, NJ 08754
1-732-240-5330

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Bill Lynskey
1-732-240-5330 ext. 205
blynskey@urnerbarry.com

Janice Schreiber
1-732-240-5330 ext. 280
janice@urnerbarry.com


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Amanda Buckle
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1001 Corporate Circle
Toms River, NJ 08755
Voice: 732-575-1983
abuckle
@urnerbarry.com


Ryan Doyle
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Voice: 732-240-5330 x275
rdoyle
@urnerbarry.com


Susan Chambers
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SeafoodNews.com
Voice: 541-297-2875
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@urnerbarry.com


Peggy Parker
Science and Sustainability Editor
PO Box 872
Deming, WA 98244
Voice: 360-592-3116
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@urnerbarry.com


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8 White Pine Lane
Lexington, MA 02421
Voice: 781-861-1441
 Fax 781-533-9480
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This Week in Retail: Protein Indices Are Above 3-Year Average; CPI Data Released 

In the face of ongoing inflationary pressures along with animal disease issues impacting the protein industry, wholesale beef, pork, and poultry prices continue to reside at or challenge all-time highs. 

In the retail red meat complex, Urner Barry’s weekly retail feature beef index this week averages $6.34 per pound, down $1.02 per pound from a week ago but 6 cents per pound above the 3-year average.

The boxed beef market is currently moving mostly sideways but has dipped to 52-week lows in recent days. Despite this, Urner Barry's Choice and Select cutouts remain at near seasonal all-time highs, second or third to 2021 and 2014....

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This Week in Retail: This Year's July Fourth Cookout Could be Costlier 

Consumers might sweat when shopping for July Fourth festivities since this year's cookout could be costlier than in years past.

According to data from the Bureau of Labor Statistics, inflation remains elevated at a multi-decade high with the index for meats, poultry, fish, and eggs rising 14.2% over the last 12 months.

Despite higher retail prices and squeezed budgets, most households are forging ahead with their Independence Day plans. According to the National Retail Federation, 84% of consumers plan to celebrate the Fourth this year.

Of those, 59% of people plan to ring in Independence Day with a cookout...

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This Week in Retail: Wintry Weather Boosts Protein Sales

While major buying occasions are sparse in January, wintry weather helps support sales at the meat case this month as consumers stock up on protein for hearty, comfort food recipes.  At present, the National Weather Service is calling for significant winter weather in the Southern and Eastern U.S.

Buying opportunities for seafood and beef have dominated the protein complex so far this year. Seafood narrowly beats out beef for first in buying opportunities this week, claiming 28% of total ad volume. Beef accounts for 26%. 

Retail feature prices for most beef roast cuts—popular with cold-weather cooking—are higher than year-ago levels. Bottom round averages $4.98 per pound, a 15% YoY increase. 80% lean ground beef is up $1.04 per pound, or 37.4%, from last year at $3.82 per pound on average.  

Pork makes up 24% of total ad volume this week. Hams are featured at competitive price points since retailers are looking to clear out excess inventory after the holidays...

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Norway Breaks Volume, Value Records for Seafood Exports in 2021

The Norwegian Seafood Council said 2021 was the best year ever for Norway’s seafood exports. The country hit both export volume and value records during the year, reaching 3.1 million metric tons worth NOK 120.8 billion (US$13.6 billion).

"2021 was another exciting export year for Norwegian seafood. We are in the very favourable position of having products in high demand the world over - even in times of crisis,” said Renate Larsen, CEO of the Norwegian Seafood Council. “This has resulted in a growth in demand, record export volumes...

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This Week in Retail: Inflation Climbs to 39-Year High in Latest CPI Data

The Bureau of Labor Statistics (BLS) released the latest Consumer Price Index (CPI) for November, showing the all items index up 6.8 percent over the past 12 months. This was the fastest 12-month increase since June 1982.

The food index increased 0.7 percent last month after rising 0.9 percent in both September and October. The index for food away from home rose 0.6 percent in November after gaining 0.8 percent in October, according to the BLS. Over the last year, the food away from home index has risen 5.8 percent. This was the largest yearly increase dating back to January 1982...

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This Week in Retail: Spread Between Food at Home vs Away from Home Narrows

The latest Consumer Price Index (CPI) for September, released by the Bureau of Labor Statistics (BLS), showed the food index up 0.9 percent last month after gaining 0.4 percent in August. The Food at Home (FAH) index showed a 1.2 percent over the month increase with gains across all six major food group indices. The index for meats, poultry, fish, and eggs demonstrated a 2.2 percent over the month increase. The index for dairy and related products posted the smallest increase at 0.7 percent. 

The BLS defines the CPI as the change in prices paid by consumers for goods and services. Overall, the CPI rose by 0.4 percent in September. Notably, gains in the indices for food and shelter contributed to more than half of the monthly all items increase. Over the last 12 months, the all items index rose 5.4 percent before seasonal adjustment. 

The BLS reports that the index for Food Away From Home (FAFH), which was up 0.4 percent in August, gained 0.5 percent in September. Over the last year, the FAFH index rose 4.7 percent. Increases for limited and full-service meals offset a decline in the index for food at employee sites and schools...

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This Week in Retail: Farewell February; What's Next?

Wrapping up the final full week of February, wintry weather is in full force as back-to-back storms rip through the Eastern two-thirds of the country. Amidst the havoc, retailers are eagerly looking towards spring demand, which is boosted by seasonal influences including more favorable grilling conditions and holidays like Easter.

Retail protein sales are typically sluggish in February, leaving much to be desired among grocers. However, consumer retail demand for meat has remained strong so far this year despite a normal seasonal lull and higher prices for most items. In the near term, grocers will begin to shift their retail features from red meat and poultry towards seafood as Lenten observers begin a 40-day period of fasting and reduced meat consumption starting on March 2nd.

The seafood complex accounts for 27% of total protein features this week. Beef makes up 26.5% of feature volume, while pork closes in on 21%. Chicken claims almost 13% of ad space, followed by eggs...

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This Week in Retail: Eyeing Prop 12, Pandemic Uncertainty in 2022

Rounding out the first week of 2022, uncertainty surrounding the ongoing pandemic continues to impact businesses and the overall wellbeing of the world’s population.

Retailers, along with other participants throughout the supply chain, are monitoring labor constraints, made worse by the rapid spread of the Omicron variant. Prolonged disruptions to the production, further processing, and distribution of consumer goods from worker absenteeism and potential further government restrictions remain key concerns for producers and buyers alike in the New Year.

Meanwhile, the second phase of California’s Proposition 12 went into effect on January 1. Under the law, veal calf producers are required to provide their animals with at least 43 square feet of usable floor space per calf. Sows must have a minimum of 24 square feet of usable space per animal. Laying hens are required to be cage-free. Proposition 12 prohibits the sale in California of veal, pork, and eggs not raised in compliance with these...

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This Week in Retail: Seafood Features Are Ablaze Amid the Holidays

With Christmas at our doorstep, some households are stocking up on last-minute gifts, along with food for those hosting holiday meals.

Just ahead of the holiday, seafood climbed to the top spot among protein ads this week with 29.5 percent. Beef comes in second with 25.9 percent of total protein ad volume, followed by pork with 21.6 percent. Chicken makes up 4.7 percent, compared to 5.7 percent the previous week. Turkey features increased to 16.8 percent, up from 12.2 percent last week...

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This Week in Retail: Buying Opportunities Increase for Pork

Meat and poultry features are bountiful this week as consumers hunker down for hearty home-cooked meals during chilly autumn evenings. While Halloween is just around the corner, some retailers are already showcasing Thanksgiving promotions.

This week in retail, buying opportunities were lower week-over-week for turkey and seafood features. Towards the tail-end of October National Pork Month, marketing campaigns pushed pork features higher than the previous week. Meanwhile, retail activity for chicken and beef was nearly flat with the week prior. 

Buying opportunities for seafood this week are centered around fresh/frozen fillets—namely tilapia—and raw shrimp. The fresh/frozen fillets complex makes up 33% of ad space and averages $6.89 per pound, 20.1% above a year ago. Tilapia is up 7.8% from this week last year at $5.93 per pound on average. Atlantic salmon boneless filet is also widely featured and averages $8.68 per pound, compared to $7.70 per pound last year. The raw shrimp complex claims 23% of ad space. The regional price spread for 16-20 raw ranges from $6.99 per pound to $8.99 per pound, generally on par with year-ago levels...

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