Super User gim Posted July 15, 2021 Super User Posted July 15, 2021 Anyone else notice that the price of beef has skyrocketed? I don't eat a lot of beef but I occasionally enjoy a burger, steak, or other cut every once in a while. The butcher I usually buy some meat from said that on average beef prices are up almost 40% since May. Apparently its not a supply issue though. There is a bottle neck at the processing plants.
Super User jimmyjoe Posted July 15, 2021 Super User Posted July 15, 2021 35 minutes ago, gimruis said: Anyone else notice that the price of beef has skyrocketed? Anyone else notice that the price of EVERYTHING has skyrocketed? jj 4 1
Super User MN Fisher Posted July 15, 2021 Super User Posted July 15, 2021 Our grocery bill has gone up by around 10% since COVID started last year...and of course our SS checks went up by 2%...so we're cutting corners. 4
Super User A-Jay Posted July 15, 2021 Super User Posted July 15, 2021 How about Gas prices ? We're creeping up on $4 a gal for super & rec gas. btw, beef is another one for sure ? A-Jay 4
Bubba 460 Posted July 15, 2021 Posted July 15, 2021 57 minutes ago, gimruis said: Anyone else notice that the price of beef has skyrocketed? I don't eat a lot of beef but I occasionally enjoy a burger, steak, or other cut every once in a while. The butcher I usually buy some meat from said that on average beef prices are up almost 40% since May. Apparently its not a supply issue though. There is a bottle neck at the processing plants. Yeah, I and most Americans know where the bottle neck is and it's not the processing plants. 3 2
Super User Jigfishn10 Posted July 15, 2021 Super User Posted July 15, 2021 @A-Jay, you do live dangerously From what I’m hearing it’s not a supply issue but a lack of drivers to truck the supply. But what do I know. I’m still figuring out how to catch my first Black Sea Bass. 1
Global Moderator 12poundbass Posted July 15, 2021 Global Moderator Posted July 15, 2021 It’s quite sad the increase. Friends of ours have a small angus farm and they aren’t getting paid squat for their beef. The butchers not much either. It’s the stores who are charging the crazy prices. So many retailers are charging astronomical prices taking advantage of a pandemic. 1
Super User gim Posted July 15, 2021 Author Super User Posted July 15, 2021 1 hour ago, Bubba 460 said: Yeah, I and most Americans know where the bottle neck is and it's not the processing plants. Please elaborate because my source says it’s the processing plants: In the U.S. cattle industry, that chain is dominated by just four meatpacking conglomerates, and their profits are raising tensions. While diners at restaurants and shoppers in grocery stores experience sticker shock from sharply higher prices for ground beef and prime steaks, ranchers say they are barely breaking even or, in some cases, losing money. They point a finger at the Big Four companies, which account for more than 80 percent of the processed beef sold in the United States: Cargill, JBS, Tyson Foods and National Beef. 3
Super User Scott F Posted July 15, 2021 Super User Posted July 15, 2021 2 hours ago, Bubba 460 said: Yeah, I and most Americans know where the bottle neck is and it's not the processing plants. I’m not one of the Americans who knows where the bottleneck is. Where exactly is it? 1
Super User soflabasser Posted July 15, 2021 Super User Posted July 15, 2021 This pandemic has made people want to look for better jobs that pay a living wage with benefits. I can not blame these people since many of them where being paid garbage for years by greedy business owners before the pandemic. There is a shortage of workers in many jobs since many of those jobs offer little incentive to work for them. It is amazing how many businesses do not even offer full health insurance and they still wonder why it is so hard for them to find people. This might be one of the problems that is causing beef and many other things to be so expensive. 1
Bubba 460 Posted July 15, 2021 Posted July 15, 2021 48 minutes ago, gimruis said: Please elaborate because my source says it’s the processing plants: In the U.S. cattle industry, that chain is dominated by just four meatpacking conglomerates, and their profits are raising tensions. While diners at restaurants and shoppers in grocery stores experience sticker shock from sharply higher prices for ground beef and prime steaks, ranchers say they are barely breaking even or, in some cases, losing money. They point a finger at the Big Four companies, which account for more than 80 percent of the processed beef sold in the United States: Cargill, JBS, Tyson Foods and National Beef. Not the place to elaborate and we may not agree... but to give a vague reply out of courtesy ~ Gas prices go up, everything goes up. Certainly no shortage of beef. Back-track to why gas prices are going up and you'll find the start of the problems. There is a plan to most everything that happens. The broken cog in the wheel is there for somebody's purpose ~ nuff said. 2 2
Super User MN Fisher Posted July 15, 2021 Super User Posted July 15, 2021 5 minutes ago, Bubba 460 said: Back-track to why gas prices are going up and you'll find the start of the problems. And we STILL have some of the cheapest gas available. July 12 prices (US dollars per US gallon) - country-wide average USA: $3.49 Australia: $4.36 Japan: $5.30 England: $6.99 https://www.globalpetrolprices.com/gasoline_prices/ Don't complain too hard - we might end up paying what the rest of the 1st world countries do. 2
Super User gim Posted July 15, 2021 Author Super User Posted July 15, 2021 4 minutes ago, Bubba 460 said: Gas prices go up, everything goes up. Certainly no shortage of beef. Back-track to why gas prices are going up and you'll find the start of the problems. I can recall when gas prices were higher than this and beef prices weren't positively correlated to it. So ya, I don't really buy that as being the reason. There may be a shortage of drivers to haul cattle and transport processed beef to retailers as @Jigfishn10 previously mentioned, but as far as I can tell the reason is in plain sight: processing plants. Clearly supply is not an issue as there is not a shortage of cattle to be processed. Demand is likely up recently as its summer grilling season and more people are eating out again as well. If demand is up, but supply is available, the bottle neck is occurring at the middle man which are processing plants. 3
Super User slonezp Posted July 16, 2021 Super User Posted July 16, 2021 There are a lot of factors that play into what's going on. Would you work at a slaughterhouse if you could make more money sitting at home? I'm a wholesaler in the hvac/r industry. My costs have skyrocketed as well as lead times to get parts. My costs of refrigerant have tripled currently with no end in sight. I'm waiting months to replenish stock on common parts. Build to order parts lead times have doubled and tripled. 3
Bubba 460 Posted July 16, 2021 Posted July 16, 2021 2 hours ago, MN Fisher said: And we STILL have some of the cheapest gas available. July 12 prices (US dollars per US gallon) - country-wide average USA: $3.49 Australia: $4.36 Japan: $5.30 England: $6.99 https://www.globalpetrolprices.com/gasoline_prices/ Don't complain too hard - we might end up paying what the rest of the 1st world countries do. Less than a year ago gas around here was about $1.65 a gal. Now it's north of $3.00 and going to go higher until it surpasses the high gas prices of 5 or 6 years ago. What similarities are in play here? So in 7 months we go from the worlds top oil producer with the lowest gas prices in over 30 years, to shutting down pipelines, off shore rigs, drilling on federal lands. etc. Gas prices have already doubled and it's not over yet. The American dollar buys more than most other countries, hence the higher prices in those countries. Once gas hits above, say, $4.50 a gal nationally here , that is going to hurt a lot of people in their wallet. People can not afford that, nor is it necessary ~ Politics ~ At this time please prepare for departure. Fasten your seat belt and place your trays in their full upright position. 5
Global Moderator 12poundbass Posted July 16, 2021 Global Moderator Posted July 16, 2021 I get material shortages and the price increases reflecting that, but there doesn’t appear to be a shortage of meat so that doesn’t make sense other than greed. I’m not touching gas prices. 2
Super User Jigfishn10 Posted July 16, 2021 Super User Posted July 16, 2021 Honestly, in the summer of 2008 I told my wife to get a job. At the time she was a stay at home mom to my new son. I told her we have 1 year before the bottom is going to fall out for us. In 2008 the bottom fell out, our economy was flattened for 4 years for me. All the signs that are happening today is on par with what happened then. Crazy housing prices Crazy food prices Crazy fuel prices Crazy a lot of prices Now you know where we’re heading 1
Super User slonezp Posted July 16, 2021 Super User Posted July 16, 2021 24 minutes ago, 12poundbass said: I get material shortages and the price increases reflecting that, but there doesn’t appear to be a shortage of meat so that doesn’t make sense other than greed. I’m not touching gas prices. What about the shortage of labor in processing the beef from farm to grocery store shelves? Supply and demand. Less supply means higher prices. 1
Global Moderator 12poundbass Posted July 16, 2021 Global Moderator Posted July 16, 2021 1 minute ago, slonezp said: What about the shortage of labor in processing the beef from farm to grocery store shelves? Supply and demand. Less supply means higher prices. From my understanding from our friend with the angus hobby farm and another friend with the USDA the price is rock bottom on the farmers end and the processors end, but the stores are the ones jacking up the price for no apparent reason. I’m guessing it’s the big chain stores that set the market for things like this. 1
Super User MN Fisher Posted July 16, 2021 Super User Posted July 16, 2021 1 minute ago, 12poundbass said: I’m guessing it’s the big chain stores that set the market for things like this. More the distributors. The three grocery stores in my immediate area are Jubilee Lunds&Byerlys Cub All three are supplied by Super Valu
Super User Jigfishn10 Posted July 16, 2021 Super User Posted July 16, 2021 1 hour ago, Bubba 460 said: Less than a year ago gas around here was about $1.65 a gal. Now it's north of $3.00 and going to go higher until it surpasses the high gas prices of 5 or 6 years ago. What similarities are in play here? So in 7 months we go from the worlds top oil producer with the lowest gas prices in over 30 years, to shutting down pipelines, off shore rigs, drilling on federal lands. etc. Gas prices have already doubled and it's not over yet. The American dollar buys more then most other countries, hence the higher prices in those counties. Once gas hits above, say, $4.50 a gal nationally here , that is going to hurt a lot of people in their wallet. People can not afford that, nor is it necessary ~ Politics ~ At this time please prepare for departure. Fasten your seat belt and place your trays in their full upright position. True story! People forget that at 1 time last year back in April that the futures of oil closed in a negative because of too much supply. THERE WAS TOO MUCH SUPPLY! Don’t tell me in 1 year we’re demanding that much? I don’t believe it. 1
BassResource.com Administrator Glenn Posted July 16, 2021 BassResource.com Administrator Posted July 16, 2021 It's an unfortunately side-effect of the Covid recovery, both on the historical shortage side as well as the skyrocketing demand side .... of various products. But I think we all knew the recovery wasn't going to be smooth and pretty anyway. Things will even out eventually. Just have to endure the bumpy ride for a little longer. We'll be alright. And scene.... 2
Recommended Posts