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: http://www.spam.com
There there,don't make a fuss.I'll have your spam. I love it!
This thread lacks Vikings Mike, but thanks for trying anyhow.
NPR had this on this morning and ended with the Monty Python Spam Song. I came into work this morning softly singing Spamdy Spam! Wonderful Spam! Spamdy Spam! Wonderful Spam! Spa-a-a-a-a-a-a-a-m Spa-a-a-a-a-a-a-m Spamdy Spam! Spamydy Spam! Spam Spam Spam! Spaaaaaaam!
I'm pretty sure they think I'm nuts.
Spam, spam, spam, spam
Spam, spam, spam, spam
Spam, spam, spam, spam
Sing it with me...
(Spam may be more appetizing than, "Well there's rat cake ... rat sorbet... rat pudding... or strawberry tart.")
That is not economy.
$2.62 for 12 oz is almost $3.50 per pound, about 3 times the cost of chicken, twice the price of pork shoulder, about the same as beef chuck.
I'd suggest people learn how to cook. They'll spend less, eat better and it's a lot of fun.
Excellent comment...learn to cook, and also learn to shop.
I regularly get brats and other sausages for 's close to the expiration date, but I seldom wind up throwing any out. Beans and rice are also extremely cheap, healthy, and easy to cook (although you do have to plan ahead for the beans.) Pepper sauce makes a nice quick flavoring.
I can see something like Spam for something you can throw together quickly (although there are alternatives that beat it in every way), but once you get out a kettle, you might as well make something real.
Cheap and Easy, Well Quick, Easy and relatively cheap. Sounds good to me and less work than cooking. At least some part of the Economy is good.
meat that doesn't have to be refrigerated scares me.
yesterday I bought ground beef (in Milwaukee) at $2.29 a pound so people buying spam are not really making wise monetary decisions. I also got a huge sirloin steak for $3.51 but I don't remember the weight on it. It was still fantastic with some golden potatoes.
All the years I lived in Florida I never made a hurricane kit without a bunch of spam!
All you rich and greedy people need to take your Spam and stick it where the sun don't shine. While we eat Spam you eat filet mignon....hope I spelled it right because I sure can't eat it. That is fine for now, but in Hell you may want a sip of water with your steak. Sorry. You won't get it.
NCARalph makes a great point:
$2.62 for 12 oz is almost $3.50 per pound, about 3 times the cost of chicken, twice the price of pork shoulder, about the same as beef chuck
There are some consumers who think convenience equals value. Spam may market itself as a bargain food, but the truth is on the receipt.
It's disheartening to hear about so many high-sodium foods being served together. Macaroni and Cheese by itself is way too high in salt. Add Spam, also very high in salt, and you get what? Something you might not want to eat. Ramen noodles are cheap and good but also full of salt and fat.
I guess the reading then is "here's stuff you can eat and fill up your belly, but don't worry about the nutritional aspects." That bothers me.
Anyway, if consumers really want to save money at the store, consider buying store brands. Most of them are as good if not better than "name brands" and there can be very substantial money savings with no loss of quality or taste.
They even make store brand versions of Spam-type canned meat which are usually at least a third less expensive than the real thing. Tastes the same. Just costs a lot less.
my word, i can't believe this stuff is actually eaten...what a gross little tin of jiggling surprise. *shudders*
Maybe that guy who is spraying womens feet with salt water should dip his little syringe in a can of spam.
opps! my mistake...isn't spam made from womens' feet?...
I have eaten Span since a small child in the backwoods of KY. Still like Spam and crackers now and then. Also very good when fried for a sandwitch.
Never understood why others thought so little of it. Only reason I don't eat more of it is the fat content is high.
Learn how to cook!!!! You can cook a ten pound chicken get five plus servings out of it versus three servings of Spam for a lot less money. Taste is way better than Spam. Ton of other ways to save money with food versus eating a mystery meat like Spam.
There are "ways" to work with Spam. I rather like Spam casserole (cubed spam, cooked noodles & shredded cheese. Bake until cheese melts and it's warmed through)...don't salt the noodles; Spam will do it for you! Mum used to use unsweetened hotcake batter...just slice the Spam, dip it in the batter and fry it up. The batter takes some of the salt from the Spam.
I hate to cook but do so almost each night after a long work day (I make a lot so I have left overs for lazy nights) to avoid easy canned/boxed meals which cost more. I do not mind Spam but personally think it cost a bit much for what you get.
I agree with NCARalph. $ is expensive for processed meat trimmings that have 27g fat and 1369mg sodium per 100g serving. People are using rising prices as an excuse to avoid rational menu planning and meal preparation. Many real foods (beef, chicken, beans, vegetables) are cheaper than spam, taste better if properly prepared, and are much healthier. The people interviewed in this article are just fat and lazy.
I grill Spam on some occasions it makes a good sandwich with Miracle Whip and cheese. The sweetness of Miracle Whip cancels out some of the saltiness of Spam. There are so many things one can do with Spam. If you did not know Spam is a delicacy in Hawaii!
I grill Spam on some occasions it makes a good sandwich with Miracle Whip and cheese. The sweetness of Miracle Whip cancels out some of the saltiness of Spam. There are so many things one can do with Spam. If you did not know Spam is a delicacy in Hawaii!
Spam food of the Gods.
Sardines are cheaper.
Hello,
A great way to use Spam is to spread out a package of hot dog buns,cut in half.
Then put Spam and Velveeta cheese and sweet pickles and a small onion in a food
grinder or food processor (coarse) and grind!! Spread the mixture on the buns and broil
until bubbly.. Excellent
I'm partial to Spam omelets. Mmmmm. I usually add vegetables. I may have crossed the line with my wife though when I made a Spam omelet with Lima beans.
Spam/Eggs 08
We gave the Russian Army tons of Spam so they would not starve to death during WW 2 and they still hold it in high regard to this day.
Spam has a lot salt and fats in it. To me it is a: HEART ATTACK IN A CAN.
To me it is a: HEART ATTACK IN A CAN.
or colon cancer
Just had a couple of slices of Spam tonight along with fried Cashaw and onions and Poke greens... Great meal...
Just had a couple of slices of Spam tonight along with fried Cashaw and onions and Poke greens... Great meal... 0!#34 - Wed May 28, 2008 8:28
I have always liked Spam. But, it is NOT cheap, nor is it a poor man's meal anymore. Just about anything we buy that is processed, even fast food, is loaded with salt and preservatives and will eventually kill you. We live in a processed world and cannot really avoid the pitfalls of our times. If we avoided ALL processed food, we would starve to death--but we would look better. A healthy corpse is still dead!!! Anyway, you get the point.
The only good place for Spam is on someone else's plate far,far away.In the land where salads wiggle and most food other food is white. Marshmallows are a food group, and a can of soup is necessary to make anything at all.
too true, nasty business, the whole thing..
Grew up in Hawaii. There are two things you will always find in a Hawaiian cabinet. Spam and rice. When times are good or bad Spam and rice fly off the shelves in Hawaii. Ghee whiz they even have a Spam slot machine in Vegas. I live in California. I don't see it as much unless I'm in a Hawaiian Style restaurant. Best way I like it.....Spam Musubi. Yum.
Hawaii is crazy for spam. Its ridiculous.
Maybe if this "stay at home Mom" would get off her keester and get a job, she could afford to feed her husband and children something more than Spam, macaroni and cheese, and Ramen noodles. Geez!
During the World War II Spam was on the table a couple times a week. Food rations went further leaning toward the cheaper meats such as Spam, at the time. I remember cutting my fingers more than once as a young person trying to use that big key to remove the unwrapping metal band. The wraps on the key would fall off the row because of still youthful unskilled fingers. Like beams and ham over corn bread, we learned to love these taste. Costco by the case, the only way to go, or Wal-Mart. By the way, all you people complaining about Wal-Mart buying much of their clothing from china? Don't you think its about time to check the lable in all the clothes you currently have on??? Really!
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