# Retail Markets Get a Boost During COVID-19 - Purdue Agricultural Economics

> Purdue economist Jayson Lusk reports that grocery trips rose 39% and spending rose 61% in the week ending March 22 versus a year earlier, as restaurant closures shifted food purchases to retail. Pork sales rose 101%, beef 95% and chicken 70%, and wholesale meat prices rose sharply.

- Date: 2020-04-13 · published 2020-04-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53587-retail-markets-get-a-boost-during-covid-19-purdue-agricultural-economics
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Stronger retail meat demand is supporting wholesale pork, beef and chicken prices even as food-service demand falls. The shift is expected to persist in the short run.

## Read by commodity

- HOGS: bullish ▲
- CHICKEN: bullish ▲
- LCATTLE: bullish ▲

## Sources

- ag.purdue.edu: https://ag.purdue.edu/commercialag/home/paer-article/retail-markets-get-a-boost-during-covid-19/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.