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Beef Prices

  • CaptainMusky
    Participant
    Posts: 9810
    #2144642

    They could increase production, but often choose not to, which keeps prices higher. JBS recently settled a $52.5 million lawsuit for price fixing. They admitted no wrong doing, but agreed that it was “in the best interest of the company” to settle. Uh huh.

    I think it would be terribly tough to increase production. You can really only raise so many animals effectively and there are always issues to contend with weather-wise and then disease. They just wiped out all the turkeys in Meeker county due to Avian flu.
    Its wild what some foreign countries are trying to do. Overseas they want to reduce the number of cattle to fight air pollution from their flatulence. Its really mind blowing what ends some people will go to in the name of climate change.

    gimruis
    Participant
    Plymouth, MN
    Posts: 7883
    #2144643

    They just wiped out all the turkeys in Meeker county due to Avian flu.

    I read that this morning. It was 182,000 domestic turkeys at a single location in Meeker County because of avian flu. Its the first case since May here in MN.

    CaptainMusky
    Participant
    Posts: 9810
    #2144647

    I read that this morning. It was 182,000 domestic turkeys at a single location in Meeker County because of avian flu. Its the first case since May here in MN.

    Yeah, not good.

    buckybadger
    Participant
    Upper Midwest
    Posts: 4151
    #2144714

    I just looked back, we paid $2.50 per # hanging weight for a quarter this July. It’s a family friend who raises 5-6 steers at a time and has the finishing process down to a science. I’ve truthfully never had better beef. It’s then processed at our favorite locker in the area about ~25 miles down the road. I make one call about how I want things cut, what I want to keep or grind, etc. and it’s done.

    tim hurley
    Participant
    Posts: 4280
    #2144716

    Buy now B4 it gets high again and BC blames Biden applause

    catmando
    Participant
    wis
    Posts: 1809
    #2144717

    I know one thing Iam killing 2 deer this fall. DK.

    Michael Best
    Participant
    Posts: 304
    #2144732

    The 1/2 a beef we bought was from Frazee locker. At the time when we ordered the meat we had checked with Perham locker and they were $3.35 a lb.

    Like I said in my earlier post. I would have thought it would have been based off hanging weight. But when we picked up our meat it was $1000 for 336 lbs of beef.

    Onthewater
    Participant
    Posts: 54
    #2144752

    The 1/2 a beef we bought was from Frazee locker. At the time when we ordered the meat we had checked with Perham locker and they were $3.35 a lb.

    Like I said in my earlier post. I would have thought it would have been based off hanging weight. But when we picked up our meat it was $1000 for 336 lbs of beef.

    That is hanging weight. No way you got 336 lbs of packaged meat off a half. More like 60ish% of 336. It’s usually closer to 200+ lbs of meat that you take home. Live weight, hanging weight, then packaged weight.

    MX1825
    Participant
    Posts: 1110
    #2144756

    <div class=”d4p-bbt-quote-title”>bigcrappie wrote:</div>
    Why are beef prices so high 2022?
    Meat prices are currently 7.5% higher than this time last year. This is due to several factors from general inflation, which in June climbed to 9.1% — the highest since November 1981 – to labor, fuel, supply chain issues and a drought impacting Texas and midwestern states.

    There are four major meat processing companies that have over 80% of the market in this country. JBS, Cargill, Tyson, and Smithfield control the vast majority of meat operations here and therefore, the supply. They could increase production, but often choose not to, which keeps prices higher. JBS recently settled a $52.5 million lawsuit for price fixing. They admitted no wrong doing, but agreed that it was “in the best interest of the company” to settle. Uh huh.

    You are correct that 4 companies basically control the meat processing in the USA. My son works for a National cleaning company that has all 4 companies as clients. He told me in the last month 2 of very largest livestock producers are building their own processing plants. They are going into competition with the BIG 4.

    gimruis
    Participant
    Plymouth, MN
    Posts: 7883
    #2144777

    He told me in the last month 2 of very largest livestock producers are building their own processing plants. They are going into competition with the BIG 4.

    Good! We need more competition for those juggernauts. They have way too much control over the supply chain.

    haleysgold
    Participant
    SE MN
    Posts: 938
    #2144855

    <div class=”d4p-bbt-quote-title”>Michael Best wrote:</div>
    The 1/2 a beef we bought was from Frazee locker. At the time when we ordered the meat we had checked with Perham locker and they were $3.35 a lb.

    Like I said in my earlier post. I would have thought it would have been based off hanging weight. But when we picked up our meat it was $1000 for 336 lbs of beef.

    That is hanging weight. No way you got 336 lbs of packaged meat off a half. More like 60ish% of 336. It’s usually closer to 200+ lbs of meat that you take home. Live weight, hanging weight, then packaged weight.

    336 lbs of actual meat out the door on a 1/2 beef. Seems a bit much.
    I usually get like 120-140 tops back on a 1/4.

    I looked up Frazee locker and it’s called Ketter’s meat market.
    I’ll be stopping there if I ever get to Frazee. Take a look at their price list! It’s either outdated or very cheap! Just an example is $60 to butcher a beef and $30 for a pig. THAT is really hard to believe.

    Anybody else their pricelist and thought Holy Hanna that’s crazy cheap??!!

    buckybadger
    Participant
    Upper Midwest
    Posts: 4151
    #2144869

    <div class=”d4p-bbt-quote-title”>MX1825 wrote:</div>
    He told me in the last month 2 of very largest livestock producers are building their own processing plants. They are going into competition with the BIG 4.

    Good! We need more competition for those juggernauts. They have way too much control over the supply chain.

    The competition and answer to the monopoly over the supply chain….is right down the road at a local farm and meat locker.

    Greg Krull
    Participant
    South Metro / Pool 4
    Posts: 132
    #2144878

    Take a look at their price list! It’s either outdated or very cheap! Just an example is $60 to butcher a beef and $30 for a pig. THAT is really hard to believe.

    Anybody else their pricelist and thought Holy Hanna that’s crazy cheap??!!

    Butcher and process are different things. When we get our beef processed, there is a line item for the butchering. Then separate lines for items. Grinding/processing roasts,steaks,jerky, sliced dried beef, processing and packaging organs, etc

    Way back as a youth, your local butcher would kill, gut, and skin a hog and slice it in half down the spine for $20 for us to put on our hog roaster.

    haleysgold
    Participant
    SE MN
    Posts: 938
    #2144901

    <div class=”d4p-bbt-quote-title”>haleysgold wrote:</div>
    Take a look at their price list! It’s either outdated or very cheap! Just an example is $60 to butcher a beef and $30 for a pig. THAT is really hard to believe.

    Anybody else their pricelist and thought Holy Hanna that’s crazy cheap??!!

    Butcher and process are different things. When we get our beef processed, there is a line item for the butchering. Then separate lines for items. Grinding/processing roasts,steaks,jerky, sliced dried beef, processing and packaging organs, etc

    Way back as a youth, your local butcher would kill, gut, and skin a hog and slice it in half down the spine for $20 for us to put on our hog roaster.

    They charge to grind and package hamburger but steaks and roasts are included in butchering.
    M. Best didn’t say he had any specialty items like jerky or dried beef. Processing is the specialty items and yeah, separate line items. And he sure as hell didn’t have any of that made for the price he paid.

    As a youth? Well let’s just say everthing was a lot cheaper when I was kid. A gallon of gas was less than a buck. Not very relevant imo.

    Michael Best
    Participant
    Posts: 304
    #2144925

    All I had made was roast, steaks and burger done.
    I agree it seemed very weird to me as well. Now unless the slip was wrong with the weight provided that’s what we paid and what we got.

    I was expecting to pay more and not have that much meat.

    Leftysrconfused
    Participant
    Posts: 64
    #2145131

    Well to be fair and give credit where it’s past due. Gasoline was less than a buck just a couple short years ago.

    If we would have kept that program going it would probably be around .79/gallon now.

    Oh well

    haleysgold
    Participant
    SE MN
    Posts: 938
    #2145142

    Well to be fair and give credit where it’s past due. Gasoline was less than a buck just a couple short years ago.

    I don’t think so unless 30 years is a couple short years ago in your definition.

    It went over a buck in about 1980 then dropped in the late 80’s but around 1990 it went over a buck and never went below it again.
    Google it.

    https://www.creditdonkey.com/gas-price-history.html

    Leftysrconfused
    Participant
    Posts: 64
    #2145146

    I don’t need to look up anything.

    Gasoline was under $1 per gallon during the Trump administration. It wasn’t under $1 for the yearly average but it surely was for a month or better.

    Fact.

    Michael Best
    Participant
    Posts: 304
    #2145152

    According to your link the average for 1999 was $1.17. I could see that being true. However I do know it was under $1.00 in 1999 at least for a period of time anyway. I am referencing NE Iowa.

    gimruis
    Participant
    Plymouth, MN
    Posts: 7883
    #2145160

    If we would have kept that program going it would probably be around .79/gallon now.

    By “program” you must mean stay at home orders because of a new respiratory Chinese virus. No, we don’t need to keep that program going.

    Leftysrconfused
    Participant
    Posts: 64
    #2145164

    Haha good one. Apparently supply and demand only works 1 way.

    By program I meant to be 100%+ energy independent. Maybe even sell a bit to help make things great for all.

    Brad Dimond
    Participant
    Posts: 916
    #2145170

    I don’t need to look up anything.

    Gasoline was under $1 per gallon during the Trump administration. It wasn’t under $1 for the yearly average but it surely was for a month or better.

    Fact.

    COVID reduced auto travel dramatically in 2020/2021. Which likely drove gas prices down, reduced travel or the Trump presidency?

    iowa_josh
    Participant
    Posts: 343
    #2145231

    <div class=”d4p-bbt-quote-title”>Leftysrconfused wrote:</div>
    I don’t need to look up anything.

    Gasoline was under $1 per gallon during the Trump administration. It wasn’t under $1 for the yearly average but it surely was for a month or better.

    Fact.

    COVID reduced auto travel dramatically in 2020/2021. Which likely drove gas prices down, reduced travel or the Trump presidency?

    Not declaring war on the fossil fuel industry helped too.

    Biggill
    Participant
    East Bethel, MN
    Posts: 10217
    #2145235

    Haha good one. Apparently supply and demand only works 1 way.

    By program I meant to be 100%+ energy independent. Maybe even sell a bit to help make things great for all.

    What exactly are you suggesting? Are you suggesting that the government have total control over our energy sales and production? How exactly to you tell an oil giant who they can sell their oil to?

    BTW, the US has been exporting more oil than its been importing for a couple years now.

    CaptainMusky
    Participant
    Posts: 9810
    #2145236

    Well Biden released our strategic oil reserves to China so that is an issue.

    Biggill
    Participant
    East Bethel, MN
    Posts: 10217
    #2145245

    Well Biden released our strategic oil reserves to China so that is an issue.

    So did 45 in 2017.

    CaptainMusky
    Participant
    Posts: 9810
    #2145246

    And it was an issue then too.

    Deuces
    Participant
    Posts: 3683
    #2145247

    lol

    Leftysrconfused
    Participant
    Posts: 64
    #2145251

    <div class=”d4p-bbt-quote-title”>Leftysrconfused wrote:</div>
    Haha good one. Apparently supply and demand only works 1 way.

    By program I meant to be 100%+ energy independent. Maybe even sell a bit to help make things great for all.

    What exactly are you suggesting? Are you suggesting that the government have total control over our energy sales and production? How exactly to you tell an oil giant who they can sell their oil to?

    BTW, the US has been exporting more oil than its been importing for a couple years now.

    Wait a minute now. You have converted me to a liberal. I don’t take questions any longer buddy.

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