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AgResource Farm Marketing Issues No New Advice

Created at 1 Jun · 10:55 PM1 source
IN SHORT

AgResource Farm Marketing issued no new advice on Tuesday. Data from the USDA's June Food Expenditure Series shows food-away-from-home sales in March reached $110.1 billion, surpassing food-at-home sales of $92.5 billion.

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Key Numbers

$110.1 billionMarch food-away-from-home sales
$92.5 billionMarch food-at-home sales
54%Restaurant market share

Who's Involved

AgResource Company
Provider of farm marketing advice
USDA
Released the Food Expenditure Series update

↳ Why This Matters

This report from AgResource Farm Marketing provides an update on consumer spending trends related to food. The data highlights a continued shift in consumer behavior, with spending on dining out exceeding spending on groceries. This trend has implications for the agricultural sector, food producers, and the restaurant industry.

Key facts

  • AgResource Farm Marketing issued no new advice on Tuesday.
  • The USDA released its June Food Expenditure Series update on Monday.
  • Food-away-from-home expenditures continue to outpace food-at-home expenditures.
  • In March, food-away-from-home sales totaled $110.1 billion.
  • In March, food-at-home sales totaled $92.5 billion.

This report from AgResource Farm Marketing provides an update on consumer spending trends related to food. The data highlights a continued shift in consumer behavior, with spending on dining out exceeding spending on groceries. This trend has implications for the agricultural sector, food producers, and the restaurant industry.

Frequently asked questions

The main point was that no new advice was issued on Tuesday, but data showed food-away-from-home spending continues to exceed food-at-home spending.

The USDA's June update of its Food Expenditure Series was released on Monday.

In March, food-away-from-home sales totaled $110.1 billion, while food-at-home sales were $92.5 billion.

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How It Developed

1 Jun · 10:47 PM
The USDA's June Food Expenditure Series update shows food-away-from-home expenditures continue to outpace food-at-home expenditures.
AgResource | Ag Market News via PiQSuite

Sources

T1
AgResource Farm Marketing Advicem.piqsuite.com

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