How much disposable income are consumers spending to put food on the table?

It comes as no surprise grocery proces have taken steep climbs in recent years.

New data from USDA shows just how much disposable income consumers are spending to put food on the table.

They found that in 2023, U.S. consumers spent around 11 percent of their disposable income on food, and that is right in line with spending levels in 2022.

“Food at home” purchases fell a couple of points during 2023, with “food away from home” jumping nearly half a percent.

They place the rise on more disposable income, with consumers starting to return to outside the home eateries.

Related Stories
Texas Agriculture Commissioner Sid Miller joins us with an update on the most recent case of New World screwworm 90 miles from the U.S. Southern border.
Variety meat demand is helping offset weaker beef exports.
Corn exports remain the clear demand leader.
March 15 of each year is the application deadline for the Pima Cotton Trust, and March 1 of each year is the application deadline for the Wool Trust. The law mandates trust payments by April 15. More information about these programs is available at www.fas.usda.gov/programs.
Tractor Supply’s Paper Clover Campaign raises millions of dollars each year for 4-H youth programs and scholarships. Local store community marketing manager Lexie Gamble joined Tuesday’s Market Day Report alongside 4-H student Matthew Rochford to discuss the partnership.
Superior Livestock Auctions markets more than 1.7 million head of cattle nationwide while also building long-term relationships between both cattle raisers and beef producers.

LATEST STORIES BY THIS AUTHOR:

The White House’s plan calls for a nearly 20 percent reduction in the USDA’s budget, which would impact various food and agriculture aid programs.
JBS representatives told Reuters that the original deal has not changed and that they welcome employees back to the facility.
China’s changing pork demand may limit export growth opportunities.
Charly Cummings with Superior Livestock Auctions provides a real-time look at cattle market activity, demand trends, and what lies ahead for upcoming livestock auctions in Texas.
North Carolina Farmer Trey Braswell joined us to discuss the White House Easter Egg Roll, his company’s continued involvement, and efforts to expand access to eggs nationwide.
Rancher and Americans for Prosperity Director Tyler Lindholm breaks down the Wyoming Food Freedom Act, clarifies licensing questions, and discusses the future of local agriculture in the state.