Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
    
   
   
   
   
   

Agricultural News


Consumers Willing to Pay a Lot More for Most Protein Items in OSU Food Demand Survey

Mon, 16 Jun 2014 15:52:37 CDT

Consumers Willing to Pay a Lot More for Most Protein Items in OSU Food Demand Survey U.S. consumers were willing to pay a lot more by mid-June for beef, pork and chicken products compared to what they were willing to pay in mid-May, according to Oklahoma State University's Food Demand Survey. The largest absolute monthly increase was for steak ($1.17 increase), and the largest monthly percentage increase was for chicken wings at an almost 36% increase. Consumers say they are willing to spend $7.52 a pound for steak, up from $6.35 just one month ago.


The June Survey showed that consumers were willing to pay $4.50 a pound for ground beef, $4.14 a pound for pork and $5.35 a pound for a chicken breast.


Survey respondents indicated they expect beef prices to continue to rise compared to the previous month and a year ago, while they expect pork and chicken prices to remain similar to last month, but higher than a year ago.


At the same time, the survey showed consumers are spending slightly less overall on food, with food purchased in grocery stores down 1.56 percent from mid-May and food away from home expenditures down 6.5 percent.


Taste, safety and price remained consumer’s most important values when purchasing foods.


Consumer values remained similar to those in past months, with a slight decrease in perceived value of price, environment, and origin and an increase in perceived value of safety.


Similar to previous months, consumers reported that their main challenge was finding affordable foods that fit with-in their budget.


The Food Demand Study has been tracking consumers since May 2013, and the project has been developed by Dr. Jatson Lusk of the Ag Economics Department in the Division of Ag at Oklahoma State.


Click here for the June 2014 study summary. To review previous monthly summaries, click here.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • District Court Affirms State Beef Councils Are a Legal Part of the Beef Checkoff- Dismisses Litigation Brought by R-Calf USA  Fri, 27 Mar 2020 22:44:36 CDT
  • Friday, March 27, 2020 Market Wrap-Up with Justin Lewis  Fri, 27 Mar 2020 15:18:59 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, March 27, 2020  Fri, 27 Mar 2020 15:15:49 CDT
  • Agriculture Retailers Association Commends Congress on CARES Act Passage  Fri, 27 Mar 2020 13:57:47 CDT
  • Lucas Applauds House Passage of Support For America’s Families, Workers, and Businesses  Fri, 27 Mar 2020 13:54:47 CDT
  • State Department Clears the Way for Agriculture Workforce   Fri, 27 Mar 2020 11:18:24 CDT
  • USDA Rural Development Launches COVID-19 Resource Webpage  Fri, 27 Mar 2020 11:16:46 CDT
  • Farm Bureau Continues Tradition of Giving Back to Hungry Americans  Fri, 27 Mar 2020 11:12:25 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.