Cheese is about to (or already has) hit an all time record high as well.Fucking Beef is crazy expensive these days. We dont eat a lot of it around my house but now that its colder we usually do a pot roast or two every month. Well, looking around my local Kroger, the fucking Chuck roasts were like $5.99/lb. that shit is insane! I even looked at some "stewing beef" which is usually cutoff chunks of other cuts used for stews and shit, $5.29/lb. Fuck that noise. I remeber buying that shit at $3.99 and $2.59, respectively just last year. Is there some beef shortage or something im not aware of?
The national beef supply is at it's lowest point in a long time. A lot of herds were liquidated due to extended drought in the south/southwest and with farmers/ranchers aging and a lack of young people to replace them, some of them are just not rebuilding their herds. In addition to that, imports are also very high due to places like China and India beginning to eat more meat. Also I believe there have been issues with pork due to disease problems. The only thing that is not a problem is feed prices right now as corn is dirt cheap. As a result, it's a very good time to be in the cattle business. In 2009 I sold steer calves for $99/cwt which was a money losing endeavor. Last year was by far the best price that we have ever gotten at $174/cwt. A month ago I contracted my steers for $277/cwt. That's going to result in some expensive beef prices at the store. I am concerned that it will reduce demand but I hope for my sake you guys will tough it out and keep eating steaks. We all know you don't want to eat fucking chicken all the time.Fucking Beef is crazy expensive these days. We dont eat a lot of it around my house but now that its colder we usually do a pot roast or two every month. Well, looking around my local Kroger, the fucking Chuck roasts were like $5.99/lb. that shit is insane! I even looked at some "stewing beef" which is usually cutoff chunks of other cuts used for stews and shit, $5.29/lb. Fuck that noise. I remeber buying that shit at $3.99 and $2.59, respectively just last year. Is there some beef shortage or something im not aware of?
is it helping/hurting your business? or just rolling with the punches kind of thing?The national beef supply is at it's lowest point in a long time. A lot of herds were liquidated due to extended drought in the south/southwest and with farmers/ranchers aging and a lack of young people to replace them, some of them are just not rebuilding their herds. In addition to that, imports are also very high due to places like China and India beginning to eat more meat. Also I believe there have been issues with pork due to disease problems. The only thing that is not a problem is feed prices right now as corn is dirt cheap. As a result, it's a very good time to be in the cattle business. In 2009 I sold steer calves for $99/cwt which was a money losing endeavor. Last year was by far the best price that we have ever gotten at $174/cwt. A month ago I contracted my steers for $277/cwt. That's going to result in some expensive beef prices at the store. I am concerned that it will reduce demand but I hope for my sake you guys will tough it out and keep eating steaks. We all know you don't want to eat fucking chicken all the time.