Industry Trends
Exploring Meat and Poultry Trends
November 06, 2023
In the fiercely competitive food sector, Entegra’s expert insights are your secret weapon.
Join us as we delve into the evolving landscape of meat and poultry pricing; highlighting pivotal shifts that may influence the market in the coming months. Whether you run an independent restaurant or a large catering service, this post is packed with invaluable insights to help you navigate the future.
Turkey: A Festive Price Hike
As we approach the end of the year, the meat and poultry markets remain stable - great news for wholesalers and consumers alike. However, brace yourselves for a potential price hike for turkey. While it's currently an affordable choice, the upcoming holiday season will likely increase demand and consequently raise prices.
Cattle: Short-Term Shifts
In recent months, we've observed a downward trend in cattle prices. Yet, the landscape in the UK is changing as farmers are currently more focused on harvest and silage-making rather than cattle sales. This shift may cause a temporary spike in prices, underlining the importance of staying informed with the latest market trends.
The demand for fillets has fallen due to low levels of retail interest and, in some regions, striploins are showing early signs of softening in price. However, rump prices remain high, and supply remains very tight.
The new free trade agreements between the UK, Australia, and New Zealand are beginning to reshape the beef market. Beef from Australia and New Zealand has become pricier, yet it still represents excellent value due to its superior quality. We anticipate an influx of product from these regions over the next year.
Chicken: Steady Prices Shadowed with Potential Market Volatility
The price of chicken remains stable. However, increased demand from retailers has driven up the price of leg and thigh meat. Avian Influenza cases are expected to rise as we head into the cooler months, which could lead to volatility in the market.
Due to the cost-of-living crisis, consumers will continue to shift demand towards chicken as a cheaper protein alternative. Those in the industry should keep an eye on this trend to see if anything changes.
Conclusion: Your Guide to Future Success
As we wrap up, it's evident that although meat and poultry prices have settled, the market is not impervious to change. At Entegra we understand that it is vital to stay informed and adaptable to successfully serve and satisfy your customers. Our expertise enables us to monitor and analyse the latest rates, empowering you with the information needed to stay competitive. If you’d like to receive a copy of our monthly market trends report, simply fill out the form below.
November 06, 2023