More Industry News »

Spam Sales Increase During Tight Economy
By Pork news staff  |  Wednesday, November 19, 2008

Hormel Foods is stepping up its Spam production in an effort to meet demand for the product line during the tight economic period U.S. consumers are facing.

Hormel's Austin, Minn.-based plant that produces Spam has been running two shifts, seven days a week since July, according to Dan Bartel, a representative for the United Food and Commercial Workers International Union Local 9. The plant in Fremont, Neb., also has increased its Spam production.

"(Demand for) Spam has always been good, but it has become exceptionally good and I'm sure that has to do with hard times," Bartel says. The product's low price, long shelf life and versatility are strong assets now, he adds.

In September, Jeffrey Ettinger, Hormel's chief executive officer, reported that Spam sales were increasing by double digits.

According to Bartel, the current production is expected to continue indefinitely. Many workers are putting in 12-hour shifts, with some volunteering for even more to cash in on overtime pay. "When economic times are as they are right now, if workers can get overtime, that kind of puts a smile back on their face," Bartel says.

Source: Meatingplace.com

Printer-friendly version

Email a friend

 


FEATURED SECTIONS


Web Exclusive
Today's Farmer Should Think Like a CFO
Farmers who want to make money in today's unpredictable economy would do well to assume a corporate mindset and think like a chief financial officer.


Doane Resource Center
For more than 80 years, Doane Advisory Services has been in the business of helping U.S. agriculture stay in touch with prices, trends and other critical business information.


PCVAD Resource Center
Articles and resources to answer all your PCVAD questions - sponsored by Intervet


Young Pig Resource Center
Visit the Young Pig Resource Center for current news, research, resources and information about raising healthy young pigs.


PQA Plus Resource Center
Access information, news and more about PQA Plus, the pork industry’s quality assurance program.


Genetics Resource Center
Welcome to the Genetics Resource Center — current news, research, resources and information about swine genetics.


2010 World Pork Expo
The annual World Pork Expo was held June 9-11, 2010, at the Iowa State Fairgrounds in Des Moines, Iowa. Find all of the highlights and exclusive videos here.