OP
OP
Nesikep
Well-known member
and by doing so they pretty much ensure spoilage
Why are beef prices so high
- Thread starter Nesikep
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J+ Cattle
Well-known member
Or the butcher eats very well for free...I don't think they would actually let that go to waste.
simme
Old Dumb Guy
The ribeye roast pictured previously is prime grade at $19.78/pound. I don't know, but suspect that most of the beef sold off farm is choice grade. Current price for Sam's Members Mark Choice ribeye roast is $13.88/pound. Then there is the convenience issue of picking up the roast while shopping for other food and stuff on the same trip.
90% lean ground beef is $3.47/pound. Pork loin is $1.98/pound. Bone in pork chops at $1.33/pound. Boneless skinless chicken breast at $1.99/pound.
Ultimately, consumers drive demand over the long term by the choices they make when purchasing. A good cut of beef is hard to beat, but those price differences relative to pork and chicken seem concerning for the long term.
90% lean ground beef is $3.47/pound. Pork loin is $1.98/pound. Bone in pork chops at $1.33/pound. Boneless skinless chicken breast at $1.99/pound.
Ultimately, consumers drive demand over the long term by the choices they make when purchasing. A good cut of beef is hard to beat, but those price differences relative to pork and chicken seem concerning for the long term.
EasTex
Well-known member
When does all this money making trickle down to the producer?
1982vett
Well-known member
Lol…that's why it stays at home and doesn't go a pot luck dinner. 
When the national herd drops another 10 million head.
HDRider
Well-known member
When a dollar learns how to jump a high wall
HDRider
Well-known member
Why do you think imports will not fill any void left by domestic production?
I think if imports could fill the void they would have already. It takes a lot of land and 2 years to grass feed a cow. Better land will be used for soy and corn.
What we need to focus on is not the packers screwing us and everyone else, it's domestic consumption over all. We have an upfill fight to educate people that beef is healthy and environmentally friendly. The truth is on our side but that hasn't helped so far.
Another issue is the fact that nobody wants to cook. Beef is going to have to find it's way into more of this processed meow mix that kids eat. we need something that can compete with chicken nuggets.
HDRider
Well-known member
I agree with everything but your first sentence.
In 2017 dollars - an imported fed steer is worth $325, that works out to $24 per cwt. A domestic equivalent in 2017 was $1.32.
Do exports really contribute to cattle prices?
Here’s why trade wars with America’s best overseas customers are a bad idea.
Live Cattle PRICE Today | Live Cattle Spot Price Chart | Live Price of Live Cattle per Ounce | Markets Insider
Live Cattle Price: Get all information on the Price of Live Cattle including News, Charts and Realtime Quotes.
markets.businessinsider.com
mwj
Well-known member
Would you sell me the ribeyes and tbones for $10 Can and let your customer have the roasts and soup bones?
callmefence
Keyboard cowboy
A business has the right to sell for what it can get and buy for as little as it can.
With the exception of utilities. Do we want agricultural to be considered a utility??.
The Packers have leverage and they use it . Doesn't make them crooks. Every person here has every right to open a meat packing facility. You also have the right to not sell your beef at the price offered. I understand the issue with that but it exists in all business to some extent. The bigger and more established you are the more advantage you have. Upstarts have to fight their way up. You can't be for deregulation and regulation at the same time. If you get the opportunity to be in a position to make good profits will you decline? will it make you dishonest?. I know of no other industry or profession where people think that they are entitled to be be profitable just because that's what they want to do. I know of no other business where the biggest customer is considered the enemy. Think about it.
Hate the consumer, hate the packer, hate the store, hate the McDonalds. Although the people that do make money producing beef don't seem to complain to much...
With the exception of utilities. Do we want agricultural to be considered a utility??.
The Packers have leverage and they use it . Doesn't make them crooks. Every person here has every right to open a meat packing facility. You also have the right to not sell your beef at the price offered. I understand the issue with that but it exists in all business to some extent. The bigger and more established you are the more advantage you have. Upstarts have to fight their way up. You can't be for deregulation and regulation at the same time. If you get the opportunity to be in a position to make good profits will you decline? will it make you dishonest?. I know of no other industry or profession where people think that they are entitled to be be profitable just because that's what they want to do. I know of no other business where the biggest customer is considered the enemy. Think about it.
Hate the consumer, hate the packer, hate the store, hate the McDonalds. Although the people that do make money producing beef don't seem to complain to much...
J+ Cattle
Well-known member
I'll add to this statement, if you're unhappy with the prices you receive at auction, maybe you should look at what you're producing. If you don't produce what the buyer wants how can you expect to get a top price? I see on this forum all the time about how someone raises this certain kind, breed, or crossbreed of cattle because they like them, it doesn't matter what you like unless you intend to keep them all. Raise what the buyer likes!!!!
OP
OP
Nesikep
Well-known member
OP
OP
Nesikep
Well-known member
What's the price spread between average price and top price? $15/cwt?.. when prices are down $60/cwt it's really a moot point
Then why haven't imports completely taken over the market? If there is unlimited supply out there for 1/3 of our price then we should have already gone out of business.I agree with everything but your first sentence.
In 2017 dollars - an imported fed steer is worth $325, that works out to $24 per cwt. A domestic equivalent in 2017 was $1.32.
Do exports really contribute to cattle prices?
Here’s why trade wars with America’s best overseas customers are a bad idea.www.beefmagazine.com
Live Cattle PRICE Today | Live Cattle Spot Price Chart | Live Price of Live Cattle per Ounce | Markets Insider
Live Cattle Price: Get all information on the Price of Live Cattle including News, Charts and Realtime Quotes.
HDRider
Well-known member
We have limits on what can come in
J+ Cattle
Well-known member
Maybe so, but there's people that complain because they're getting far less than even the average price, which was the point of my post, quality makes a difference!
Unless something has changed we don't have limits on Mexico and Canada and could import a whole lot more but we don't.
HDRider
Well-known member
They are the only countries that don't. NAFTA, or its successor ended it. I don't know what more MexiCan could produce. I suspect Canada's cost of production is higher than ours.
I am not sure what you are arguing for.
