Sales of Certified Angus Beef products for the fiscal year that ended September 30th topped one billion pounds for the first time. The fiscal year 2016 sales figure represents a 13 percent increase over 2015, 119 million pounds to 1.015 billion. Average growth over the past five years was three percent, but the growth rate is nearly 75 percent in the last decade of annual records, marking the 12th straight year of growth. Overall, beef retailers made it through six years of relatively flat to declining sales to arrive at a year of explosive growth, setting a record with sales of 435 million pounds, an 18.5 percent increase. Of the top 100 retail chains carrying Certified Angus Beef products, 70 percent saw a rise in beef sales.
From the National Association of Farm Broadcasting news service.