KANSAS CITY, Mo. (NAFB) — 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% increase over 2015, 119 million pounds to 1.015 billion. Average growth over the past five years was 3%, but the growth rate is nearly 75% 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% increase. Of the top 100 retail chains carrying Certified Angus Beef products, 70% saw a rise in beef sales.