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Pricey Beef Puts Heat
on U.S. Grilling Season

Wall Street Journal, by Kelsey Gee, Ian Berry *

Original Article

Posted By:BaseballFan, 5/25/2013 5:17:20 PM

As Americans prepare for Memorial Day—the official kickoff to a summer grilling season of burgers and T-bones—rising beef prices have some consumers balking in the grocery aisles. Retail beef prices are widely expected to set new records in coming weeks after wholesale prices, or the amount meatpackers charge sellers for beef, hit an all-time peak this past week. After achieving new highs for three weeks, choice-grade beef, the most common variety in the U.S., jumped to $2.1137 a pound Thursday, according to the U.S. Department of Agriculture.

Comments:
* and Curt Thacker

Let ´em eat tofu, right Mrs. Obama? Inflation? What inflation? Keep printing more money! /sarcasm & disgust off/

      


Post Reply  

Reply 1 - Posted by: tipover, 5/25/2013 5:26:07 PM     (No. 9345394)

Now, it couldn´t be that the price of feed is a factor, could it? /s

How much feed corn is going into gasohol lately?

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Reply 2 - Posted by: Hazymac, 5/25/2013 5:32:13 PM     (No. 9345401)

Want cheaper meat? Get rid of ethanol as a gasoline adulterant. Now. Rat now. This solvent, low energy crap has no place in our fuel supply.

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Reply 3 - Posted by: youngtexan, 5/25/2013 5:36:57 PM     (No. 9345405)

I wonder how many people remember when was the last time they had a nice juicy steak?

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Reply 4 - Posted by: kanphil, 5/25/2013 5:39:35 PM     (No. 9345408)

#3, I hate to gloat, but being a cattle rancher, I have a freezer full of beef. I eat so much of it, I get to hankering after KFC and have to go buy a bucket.

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Reply 5 - Posted by: kayjaymac, 5/25/2013 5:46:36 PM     (No. 9345416)

Eat mor chikin!


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Reply 6 - Posted by: Spidey, 5/25/2013 5:47:13 PM     (No. 9345417)

i wonder how much the food stamp crowd has driven beef up. A person is a lot more reckless with their spending when it´s other people´s money.

the ethanol lobby has become one of the most powerful n DC there´s people raking in billions over the subsidies.There´s a hedge fund racket that goes along with it but Im not sure how it works but I´ll bet Buffet does.

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Reply 7 - Posted by: patpgmr, 5/25/2013 6:28:18 PM     (No. 9345444)

Ummmmm, pork! If I can´t eat beef, I´ll eat pork. Or chicken.

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Reply 8 - Posted by: JoElla Bee, 5/25/2013 6:50:01 PM     (No. 9345457)

Meanwhile at the WH - Wagyu steak.

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Reply 9 - Posted by: mitzi, 5/25/2013 6:52:52 PM     (No. 9345460)

I rarely eat beef. I´m more a poultry and fish person.

There´s a diner down the block that makes a great cheeseburger. That´s about it for me.

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Reply 10 - Posted by: thewarden, 5/25/2013 7:17:05 PM     (No. 9345481)

Bought 96% lean ground beef at Vons yesterday for $3.99/pound, the sale price marked down from $4.26/pound! My son turns 19 today and wanted his dad´s famous stuffed burgers for dinner, so what are you going to do? A little cheaper than going out, I guess, but not by much. The $30 ice cream cake he requested from Coldstone ticked me off more! Once a year, I keep telling myself.

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Reply 11 - Posted by: Nevadadad46, 5/25/2013 7:34:00 PM     (No. 9345511)

No- it´s greed. Our hamburger prices jumped 18% overnight just before the week end. Yeppers. Total greed. Prices went up in "anticipation" of large demand. Market forces at work.

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Reply 12 - Posted by: Bpl40, 5/25/2013 7:42:52 PM     (No. 9345529)

Paid $12.00 per pound for NY Strip. And 3.81 per gallon to get there. Long for the good old days...

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Reply 13 - Posted by: envirodude, 5/25/2013 7:53:22 PM     (No. 9345545)

capitalism, how does it work?

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Reply 14 - Posted by: planetgeo, 5/25/2013 8:01:49 PM     (No. 9345555)

Capitalism actually works great when it isn´t being run by communists.

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Reply 15 - Posted by: BaseballFan, 5/25/2013 8:39:17 PM     (No. 9345593)

Thank you, #14 for the needed perspective.

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Reply 16 - Posted by: belwhatter, 5/25/2013 8:44:09 PM     (No. 9345601)

Doesn´t anyone remember the drought in Texas last year? nothing for the cattle to eat, so the ranchers had to butcher entire herds. You just can´t rebuild a herd on a dime - the pasture has to regenerate and the calves need to be born. Of course beef will remain costly until the grass and the cows are restored to healthy levels. And don´t lose sight of the chem trails ever present in the skies over Texas.

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Reply 17 - Posted by: woodsman, 5/25/2013 9:31:47 PM     (No. 9345633)

Buy a chuck roast for $3.29 a pound on sale and grind it yourself....Burgers the way they used to be before pink slime was allowed.



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Reply 18 - Posted by: Charactercounts, 5/26/2013 12:18:54 AM     (No. 9345715)

Just the other day, a relative who raises livestock was telling me how much more expensive hay has gotten, too.

Even if it is expensive, I´m not going to give up on the occasional grilling of burgers or steaks. I´ll just cut back somewhere else!



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Reply 19 - Posted by: Calvinesq, 5/26/2013 12:50:29 AM     (No. 9345726)

The market will eventually even it all out. Watch for how cheap beef will be this time next year. In the meantime, pick your spots to enjoy beef.

Agree with commenters on ethanol. Stop this wasteful energy policy. I can remember 60 Minutes promoting it back in the day. Yet another example of how government skews the market, making a big mess -- not just here but worldwide.

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