The October edition of the Food Demand Survey is now out (prior releases and other details can be found here).
Relative to last month, there were small declines in willingness-to-pay (WTP) for most meat products except pork chops, which increase 8%.
While consumers continue to expect higher meat prices, inflationary expectations are less than last month, though higher than a year ago. Planned buying for all meat products rose in October relative to September, with the largest uptick in planned purchases for chicken.
There was more change in the measured "consumer values" this month compared to prior months. There was a slight decrease in perceived importance of price, nutrition, animal
welfare and origin, and a slight increase in perceived importance of safety, appearance, and naturalness.
Two new ad hoc questions were added this month.
The first question asked: “Which of the following is true of the last package of bacon you purchased? (check all that apply)” . Over 44% of participants stated the label on the package of bacon purchased contained “none of the above”. About 9% said they bought organic bacon; 13% said they bought “hormone free” bacon.