Spam the miracle Meat.

Discussion in 'The Powder Keg' started by Capt'n Mil Coll, May 28, 2008.

  1. Sales of Spam rise as consumers trim food costs

    By EMILY FREDRIX, AP Business Writer Wed May 28, 4:06 PM ET

    MILWAUKEE - Love it, hate it or laugh at it — at least it's inexpensive.
    Sales of Spam — that much maligned meat — are rising as consumers are turning more to lunch meats and other lower-cost foods to extend their already stretched food budgets.
    What was once cheeky, silly and the subject of a musical (as Monty Python mocked the meat in a can), is now back on the table as people turn to the once-snubbed meat as costs rise, analysts say.
    Food prices are increasing faster than they've risen since 1990, at 4 percent in the U.S. last year, according to the Agriculture Department. Many staples are rising even faster, with white bread up 13 percent last year, bacon up 7 percent and peanut butter up 9 percent.
    There's no sign of a slowdown. Food inflation is running at an annualized rate of 6.1 percent as of April, according to the Bureau of Labor Statistics.
    The price of Spam is up too, with the average 12 oz. can costing about $2.62. That's an increase of 17 cents, or nearly 7 percent, from the same time last year. But it's not stopping sales, as the pork meat in a can seems like a good alternative to consumers.
    Kimberly Quan, a stay-at-home mom of three who lives just outside San Francisco, has been feeding her family more Spam in the last six months as she tries to make her food budget go further.
    She cooks meals like Spam fried rice and Spam sandwiches two or three times a month, up from once a month previously.
    Pulling Spam from the shelf prevents last-minute grocery store trips and overspending, said Quan, 38, of Pleasanton, Calif.
    "It's canned meat and it's in the cupboard and if everything else is gone from the fridge, it's there," she said.
    Spam's maker, Hormel Foods Corp., reported last week that it saw strong sales of Spam in the second quarter, helping push up its profits 14 percent. According to sales information coming from Hormel, provided by The Nielsen Co., Spam sales were up 10.6 percent in the 12-week period ending May 3, compared to last year. In the last 24 weeks, sales were up nearly 9 percent.
    The Austin, Minn.-based company, also known for the Jennie-O Turkey Store, has embarked on its first national advertising campaign for the 71-year-old brand in several years. They've credited the sales increase to that, along with new products like individually packaged "Spam Singles" slices. Also helping sales, executives said in an earnings conference call, was the fact that people looking to save money are skipping restaurant meals and eating more at home.
    Spam sales are reaching across all spectrums, young and old and rich and poor, said Swen Neufeldt, Hormel's group product manager for the area that includes Spam. Many of the eaters are new to Spam, which was created in 1937 and gained fame as the meat that fed Allied troops during World War II.
    "We have significantly increased our household penetration," Neufeldt said. "I think it's a lot of folks that are coming into the brand perhaps for the first time and coming back to the brand."
    Hormel began its national advertising campaign, including print and television, for Spam in January. Neufeldt said such campaigns are planned in advance and it wasn't tied to perceived weakness in the economy.
    Consumers are quick to realize that meats like Spam and other processed foods can be substituted for costlier cuts as a way of controlling costs, said Marcia Mogelonsky, senior research analyst with Mintel International in Chicago.
    These products have protein and decent nutritional value, and they provide some variety to consumers who may be bored because they're eating more at home, she said.

    "They might not have Spam at every single meal, but they might supplement a couple of meals," she said.
    Consumers are also using more coupons and paying more attention to sales, doing anything they can to save money, she said. You may be able to cut back on your driving due to high gas prices, but you're not going to stop eating because of high food prices, she said.
    Quan just bought a couple more cans of Spam on sale and some ramen, the instant noodle dish long a staple on college campuses. Her food and gas budgets are together, so she's had to cut back on food spending while the cost of gas increases. Her favorite Spam meal? Spam and macaroni and cheese. She doesn't skimp on nutrition, though. Quan serves her husband and three children — ranging in age from 4 to 11 — organic vegetables like salads, broccoli and carrots.
    "It balances out," she said.
    Other companies are seeing similar boosts in their lunch meats. Kraft Foods Inc. reported last month that subsidiary Oscar Mayer, which makes hot dogs, bacon and cold cuts, saw double-digit revenue growth in the previous quarter in its Deli Fresh cold cuts. The company, based in Madison, Wis., has recently introduced new products including family sized deli-meat packs and deli carved, which offers thicker slices of meat.
    April Smith has been changing the way she feeds her family in Broken Arrow, Okla., to keep up with rising costs. This summer the 33-year-old administrative assistant will feed her two boys, ages 11 and 8, more ramen for lunch. Normally they eat the noodle soup on Saturdays, but since ramen costs about a dime per pack, they'll get it twice a week. Smith says she'll throw in some leftover frozen vegetables to make it more nutritious.
    "Since it's cheap and easy, I figure why not let them eat it twice a week instead of once a week," Smith said.
    On the Net: Spam:
  2. KingMusa45

    KingMusa45 G&G Newbie

    ilove turkey spam it's fn awesom. even my girl likes it so its in my b.o.b

  3. LiveToShoot

    LiveToShoot Guest

    Had a few meals with spam in them during my youth, the favorite ones were those that had fried spam; especially fried spam, scrambled eggs and potatoes. Delicious.

    Fried spam and rice was a popular dish when I was stationed in Hawaii.

    Spam is now part of our food storage items...
  4. feralchild

    feralchild Guest

    Has 5 year shelf life!

    Then, how would you know it went off? :09:
  5. I doesn't have anything in it you won't find in wieners, bologna or most other lunch type meats. I had some the other night, fried with okra, squash, eggs and onion.
  6. feralchild

    feralchild Guest

    Spam+onions+Campbell's Cream of Mushroom soup

    toss in a baking dish
    bake awhile
  7. I love spam. That eggs potatos and spam sounds great. I just thought of something I might get banned for SPAMMING.
  8. Mooseman684

    Mooseman684 G&G Newbie

    I just bought a 6 pack at Costco...of Spam that is !
  9. A bit of spam history . . .

    as in WW2 we sent tons and tons of spam to Russia where,
    ha-ha, the Russians thought is was so horrific they fed it
    to German prisoners of war. Really, its a true story.
  10. Seabeescotty

    Seabeescotty G&G Evangelist Forum Contributor

    I love Spam!!!! CGO gets me Spam, when I've been good! It's a treat, and I get to eat it, all by my little lonesome! I even got some in a care package to Nam, and didn't have to share. The dummies didn't know what they were missing.
  11. feralchild

    feralchild Guest

    arrggg....those Philistines didn't know what they were missing!
  12. bellx1

    bellx1 G&G Newbie

    spam isn't my favorite food, and it says it has a five year shelf life, but in the 1990's, my dad ate some from WWII, and it was still good. BTW, he ate it after going without much food for about a week.
  13. EHCRain10

    EHCRain10 G&G Newbie

    havent had the pleasure of having spam so maybe you members with more experience could provide some recipes for me?
  14. I haven't ate Spam in years so I think I'll buy some and make me a fried Spam sandwhich.
    Wish Home Grown Tomatoes were in to go with the Spam Samowich.
  15. rondog

    rondog G&G Evangelist

    Gawd, I haven't had SPAM in over 20 years! The wife won't allow it in her house. Used to eat a lot of it, and it really is good fried. Snouts, lips and buttholes, mmmmmm!
  16. rascaldog

    rascaldog G&G Addict

    Spam. One of my favorites. I tell my son that you can open a can of Spam in the morning and eat 3 meals out of it. Fried Spam and eggs for breakfast, cold Spam with mustard sandwich for lunch, fried Spam with beans and taters for supper. Honestly I eat Spam alot. Now excuse me while I go fry me some Spam and eggs (big brown fresh eggs at that).
  17. fried spam rocks with cornbread yum
  18. damage855

    damage855 G&G Newbie

    Spam burgers. mmmmmmmmmmmmmmm good. LOL

    PONTIACDM G&G Newbie

    I've never had spam before. After reading all these post I'm now hungry and have a craving for something I've never had. I didn't know that was possible. I will pick me up a can next time I'm at the grocery store. The post about the fried spam and taters really got to me hungry!
  20. rondog

    rondog G&G Evangelist

    Gotta have some eggs over easy with the fried spam and taters!