This Week in Retail: A Look at Protein Indices So Far in 2022
A common thread currently uniting the retail landscape for most proteins is inflationary pressure prompted in part by strong demand, persistent snags in the supply chain, tight supplies, and increased production costs. At present, Urner Barry’s beef, pork, and chicken retail feature indices are positioned at seasonal all-time highs.
Kicking off 2022, Urner Barry’s Weekly Retail Feature Beef Index displayed a contra-seasonal price movement relative to historical norms. The index normally sees a decline from early to mid-January. However, the beef index this year increased by 4.5% from January 3 through January 17 to $6.92 per pound, an all-time high for that week in history. The weekly index has been well above the 5-year average so far this year...
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