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As developed by ERS,
the LMIC database of meat scanner prices contains monthly average
retail price data for selected cuts of red meat and poultry
and is based on electronic supermarket scanner data. While
not based on a random sample, the raw data underlying the
database are from supermarkets across the United States that
account for approximately 20 percent of U.S. supermarket sales.
The variables reported are weighted-average price, an index
of volume sold, and the percent of volume sold under feature
(discounts offered to consumers through retailers' weekly
feature advertisements) for selected cuts and aggregate categories
of beef, pork, poultry, lamb, and veal. Users can access the data
in two ways: summary
tables and a searchable
database from which custom tables can be developed.
The Livestock Mandatory
Reporting Act of 1999 mandates collection
of these data, and reflects in part concerns about the effects
of industry concentration on prices and reduced bargaining
power of independent livestock producers. Although the Bureau
of Labor Statistics (BLS) collects retail prices on some of
the same cuts of meat, the LMIC scanner data set is unique
in that it includes price data on more cuts, information on
volume sold, and the discount effects of featuring. ERS presently
uses BLS prices to calculate price spreads from farm to wholesale
and from farm to retail. However, users can compute alternative
price spreads using the meat retail scanner price data.
Back
to Retail Scanner Prices for Meat
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