The latest Food Demand Survey conducted by Oklahoma State University’s Department of Agricultural Economics reported a willingness to pay more for steak and chicken but less for hamburger and pork products compared to last month.
Though modest, consumers indicated they were willing to dig a little deeper in their wallets for steak, with the price point reaching $8.02 per pound compared to $7.89 per pound in March. Hamburger, however, dropped to $4.46 per pound compared to $4.61 per pound last month. Last year at this time, consumers reported they were willing to pay $6.87 per pound for steak and $4.17 per pound for hamburger.
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