Consumer Tastes Could Shift Back As Pandemic Subsides
March 30, 2021 6:03AM CDT
Old spending habits, particularly when it comes to eating out, could pick up as Americans seek a return to normalcy after a year of pandemic conditions. Doctor Pat Westhoff, director of the Food and Agricultural Policy Research Institute at the University of Missouri, noted projected consumer habits during Friday’s virtual ag outlook conference.
A change in habits could mean a change in the cuts and grades of meat that consumers demand. MU livestock economist Scott Brown…
FAPRI’s annual baseline projection predicts a $400-per-capita increase in food consumption this year to $5,443. The rise is entirely for food away from home, as dollars spent on food at home is projected to slip slightly.
