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Post by papersilly on Mar 9, 2024 2:06:56 GMT
Things over noticed: tri tip is always on sale. Pork chops are rarely on sale. Prices for ground beef have skyrocketed.
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Post by dewryce on Mar 9, 2024 2:55:20 GMT
People who can might want to stock up on beef now, if they eat it. I imagine those prices will go up massively with this Texas Panhandle fire. I don't think that will have an impact on beef prices. Also - there are large quantities of hay being shipped to the panhandle now. Plus it is still early in the grass season. Most beef isn't raised on grass though - it is finished in feed yards (and they have BIG ones there). Cow/calf pairs do rely on the grass pastures more. But the calf is sold off the grass and finished in feedyard. The beef price is more set by supply/demand, corn price and whatever the packers can swindle out of producers, and screw the consumer. We are actively shopping for calves to finish now and the calf price is SHOCKINGLY high. Some went for a very high price last week in Pierre and they were program calves. The buyer bought them and took them out of the program, which was a shocker. To pay the premium for NHTC calves, then take them out and feed them as straight commerical and not get the premium NHTC bump at harvest. We can't figure out how that will make ANY profit. It's perplexing to say the least. I think she’s also referring to the fact that so many animals have been lost in the fire, not just the feed. A couple of days ago I think I saw a Texas paper say up to 60%. Or, is it possible losing that much stock won’t affect prices drastically? |
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Post by cakediva on Mar 10, 2024 2:20:40 GMT
Maybe in the US but not here….at least in my area. Beef prices are insane, so unless there is a sale we don’t buy it.
I can usually get decent chicken and pork at Costco that will break up into 3-4 meals a package. DS is still at home and he’s an eater lol.
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iowgirl
Pearl Clutcher
Posts: 4,295 
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Post by iowgirl on Mar 12, 2024 19:02:40 GMT
I think she’s also referring to the fact that so many animals have been lost in the fire, not just the feed. A couple of days ago I think I saw a Texas paper say up to 60%. Or, is it possible losing that much stock won’t affect prices drastically? From what I have read, I see it at around 7000 head, leading up to 10K head after euthanasia of more animals that were affected. Although that sounds like a lot, feedyards in Western Kansas, Oklahoma, Texas and Western Colorado are anywhere from 30,000 to 100,000 head yards. And there are MANY feedyards in those states. So 7K to 10K is a loss, and it will definitely hurt the owners of those stock, but it shouldn't have any impact on prices.... shouldn't .. but that doesn't mean the packer can't spin it and bring even more money into their pocket. About 95,000 cattle are slaughtered each day in the US (M-F) ... that is a very approximate estimate, but that gives you an idea of how big US beef production is. |
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