A federal appeals court has affirmed the dismissal of a lawsuit brought by cattle ranchers over the alleged mislabeling of beef as a “Product of the U.S.A.”
The 2022 Power of Meat report found nearly all households purchase meat, even as more meat consumers shopped online. Nearly half of those shoppers (46%) purchase meat online regularly.
Beyond Meat is set to release quarterly financial reports likely showing growing sales and increasing losses. As one analyst put it, “it seems the more faux meat they sell the more faux money they make.”
U.S. beef exports exceeded $10 billion in sales, shattering the previous record by 27%. Pork exports finished slightly below the record volume reached in 2020 but set a new value record, topping $8 billion.
Colorado ranchers say they are “under attack” by their governor after hiring a director of the Bureau of Animal Protection who has ties to Mercy for Animals and leads a project that promotes plant-based food choices.
Plant-based chicken pluckers are not satisfied with a 1% market share, but they have the difficult task of convincing folks a concoction of pea protein, soy protein, flour, oils and sodium tastes just like chicken.
The Biden administration and some cattle groups blame meat industry concentration for producers getting a smaller share of consumer dollars for beef than they did decades ago. The Meat Institute disputes such claims.
Despite rising inflation and supply chain disruptions, American consumers continued to purchase meat products at an astounding rate, led by ground beef sales in 2021 that reached $11.3 billion.
U.S. beef and pork exports continued on record pace through November, with beef exports on pace to exceed $10 billion for the first time. Pork exports are on pace to exceed last year’s $7.7 billion record.
The Biden Administration unveiled a new, four-pronged action plan to aid independent meat processors, strengthen the Packers & Stockyards Act, and issue new “Product of USA” labeling rules.
