Walmart stocking U.S. stores with higher-quality, Choice beef | TSLN.com

Walmart stocking U.S. stores with higher-quality, Choice beef

Walmart Stores Inc. is stocking its meat cases with higher-quality beef in a bid to boost food sales, “sending strong ripples through the U.S. beef market,” an analyst said.

The world’s largest retailer confirmed Nov. 7 that it is now selling Choice-grade beef at all of its 3,800 U.S. locations. Walmart traditionally has sold only lower-quality, Select-grade beef, in keeping with its focus on low prices.

Because of Walmart’s huge size – more than half of its $260 billion in U.S. sales last year came from groceries – its strategic shift is having a pronounced effect on the wholesale beef market.

Choice beef has gotten more expensive, while Select has become cheaper. The result is the price difference between the two grades of meat has risen to 19 cents a pound recently, from 3 cents a pound just a few months ago, helping to make the higher-quality beef more costly for all shoppers.

Walmart said the decision to add Choice-grade beef is a response to customer demands for a broader selection of cuts. The company stressed that it is still offering lower grades of meat for value-conscious consumers.

Walmart Stores Inc. is stocking its meat cases with higher-quality beef in a bid to boost food sales, “sending strong ripples through the U.S. beef market,” an analyst said.

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The world’s largest retailer confirmed Nov. 7 that it is now selling Choice-grade beef at all of its 3,800 U.S. locations. Walmart traditionally has sold only lower-quality, Select-grade beef, in keeping with its focus on low prices.

Because of Walmart’s huge size – more than half of its $260 billion in U.S. sales last year came from groceries – its strategic shift is having a pronounced effect on the wholesale beef market.

Choice beef has gotten more expensive, while Select has become cheaper. The result is the price difference between the two grades of meat has risen to 19 cents a pound recently, from 3 cents a pound just a few months ago, helping to make the higher-quality beef more costly for all shoppers.

Walmart said the decision to add Choice-grade beef is a response to customer demands for a broader selection of cuts. The company stressed that it is still offering lower grades of meat for value-conscious consumers.

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