The price of beef

Discussion in 'Professional Chefs' started by left4bread, Jun 12, 2013.

  1. left4bread

    left4bread

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    My provider of cut NY 10z steaks told me a few weeks ago that their price raised $4.00 per pound. I promptly stopped delivery and found cut NY's at 10z for an appropriate price.

    No biggie; these things happen.

    3 weeks later (a few days ago) my GM alerts me to some beef pricing crisis that is in the news.

    Anyone following this?

    Is this a thing?

    Or is it just a thing?

    (Yes, I meant to say it like that).

    Anyone seen a huge increase in beef prices or expect to see it?

    Should we all cower in fear about the future state of beef prices?!

    http://money.cnn.com/2011/03/31/markets/beef_price_increasing/index.htm

    Or is this just reactionary journalism, desperately seeking attention?
     
  2. duckfat

    duckfat

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    I've been hearing about this on the news for weeks now but at least on a retail level I haven't seen a spike in prices here. For home I did put a few strip loins and briskets in the freezer just in case prices get a little carried away. Gas OTOH is $4.30 a gallon here! /img/vbsmilies/smilies/eek.gif

    Dave
     
  3. flipflopgirl

    flipflopgirl

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    It is a thing.

    Farmers and ranchers (usually lumped with offshore commercial fishermen) are losing ground and money to the Big Farms (not to be confused with Big Pharm, altho I am sure they are in there someplace) by way of reduced price stabilization (money paid to producers to NOT produce) and increased regulation.

    Nothing new... they have been chipping away at the foundation of the small family owned and operated farms for years.

    Tyson has powerful and highly paid professional lobbyists but Jimmy John (who also raises chickens for market)

    must rely on his elected officials to "get 'er done".

    Been creeping up and up for years.

    This being a public forum I will not go off on a political rant.

    I will point out, however, that it is significantly cheaper for Big Farm to bring food  to our grocery stores.

    Less in production costs but higher prices to the consumer?

    Welcome to the global marketplace.

    mimi
     
    Last edited: Jun 12, 2013
  4. Iceman

    Iceman

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    Hanger meat by me has gone from $2.94/lb. to $4.65/lb in the last few months.   It's a real killer.
     
  5. left4bread

    left4bread

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    I was under the impression that it was due to drought; the cost of feed has gone up.

    Our ground beef comes from a local ranch. They're grass fed and then finished on the spent grain from our brewery. We're pretty much locked in on a price so I'm not worried about that.

    Our prime rib is from BPA ...which is Tyson, right?

    That's my biggest worry, having the worst FC%.

    So what does one do when their hanger jumps up $1.50/lb? Change menu prices? Just wait it out?

    Just curious.

    Oh, and feel free to rant.
     
  6. 23years

    23years

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    Yea. all meat is up. Wait it out, cuz if it doesn't go down, where does it go?! Meat has bout doubled in the last year. Let's see where!
     
  7. left4bread

    left4bread

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    whuuu... 

    In what area has it doubled in the last year?
     
  8. flipflopgirl

    flipflopgirl

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    Yes.

    Prices are up and probably a large part of it was due to drought.

    Question is will the prices go down if everyone has a perfect season?

    Probably not.

    Will we stop buying beef?

    I am just cutting down the amts and the frequency.

    Eating less protein and not only feel better but have also dropped a couple of lbs.

    Thanks for all those veg recipes, Ice  ;-)

    mimi
     
  9. cacioepepe

    cacioepepe

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    Right on Flip.  We're just going to have to find alternatives.  Just like when gas prices began to rise, the demand for electric cars went up. As we've seen, the prices aint going down to $1.03/gal like when I first started driving.  Americans are going to have to find ways to ween ourselves off of beef, one of them being eating less of it. My girlfriend and I usually eat giant salads with poached eggsafter we get home from work late, but on saturday when we visit the farmers market we pick up a nice strip loin, ribeye, or pork chop from a local farm and eat that on sunday.  Not saying i dont eat meat in other capacities, I just don't purchase that much for myself.  Finding alternatives for a restaurant can be much more difficult though.
     
  10. chefedb

    chefedb

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    Tyson is a  low life outfit who has been ripping off stockholders for years, and in fact is almost a monopoly. They were biggest in chicken and then purchased IBP which made them # 2 in meat. I believe Cargil is number 1
     
  11. chefboy2160

    chefboy2160

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    Last year I was paying $35.00 for a 15# case of 14/16 bacon and now its up to $55.00 this week. I do not see the prices on anything coming down in the near future.
     
     
  12. dcarch

    dcarch

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    Beef prices are up because:

    1. Bad weather.

    2. Remember "Pink Slime"? millions and millions tons of good healthy beef has gone to feed the dogs.

    3. China (and many other countries) are eating much much much more meat.

    Expect meat prices to continue to go up. 

    dcarch
     
  13. petemccracken

    petemccracken

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    Add to the above:
    • fuel costs, not only for transportation but also production
    • feed costs (competition from bio-alcohol, etc.)
    • increased inspection and food safety costs
    • increased labor costs, i.e. wages, insurance, health care, etc.
    • increased water costs (10-20 gallons per day per animal)
    • insurance
    • utilities
       
     
  14. flipflopgirl

    flipflopgirl

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    Exactly, Pete.

    Take that list and apply it to Jimmy John and he has nothing left to live on much less send a kid to college.

    Conglomerates like Tyson have many different links in their chains that produce or import products that the other links need to manufacture or grow or raise so the $$$ is just taken from one pocket and placed in another...HUGE profit margins (which makes GREAT bizness sense but..../img/vbsmilies/smilies/laser.gif   anyway!)

    That they are doing this on the backs of the American consumer infuriates me.

    Case in point...there is an important farm (dairy) bill that is being discussed (does John Boehner get spray tanned or is he playing golf on my dime?)

    I read most of it (until the mumbo jumbo got too thick) and they are asking for insurance rebate checks and price stabilization checks and of course a ton of other things that will leave them with some cash to live on.

    I noticed that there were some sharks standing around (fancy suits and golf tans) in the background... so this means that Jimmy John is gonna get screwed again.

    Big Dairy will be the one profiting from this as soon as they can get some more regulations slapped on the small family and co-op dairies (will involve $ so guess who is gonna be out of bizness?)

    Did I rant?

    No?

    Then I am not finished, lol.

    You guys may think I am standing on your left but I am a born and bred Texan so just turnnnnn your head to the right and ...there I am! see? That's me waving! Hi, CT!

    mimi
     
  15. flipflopgirl

    flipflopgirl

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    OBTW....

    Pete, what exactly IS a recipe fox?

    m.
     
  16. flipflopgirl

    flipflopgirl

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    chefboy....

    My brother has a friend that is a butcher.

    Last week they went fishing and of course the talk turned to food costs.

    Turns out that the butcher's business is slowly drying up (everybody is either eating less meat or buying from one of the chains) and my bro said that his meat costs are higher every week and he is going to have to let someone go (his sister will pick up the slack...not)

    So they struck up a deal...my bro is able to keep serving quality meats at a fair price and the butcher (name is withheld to protect the innocent, lol) doesn't have to file bankrupcy and lose a shop that has been in their family for 4 generations.

    win-win

    mimi
     
  17. petemccracken

    petemccracken

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    RecipeFox is a FireFox (web browser) add-on that captures recipes from web pages and imports them into MasterCook with, in most cases, a single mouse click. Prior to importing, one can edit or annotate a recipe as well.
     
  18. highlander01

    highlander01

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    Now that's how it gets done
     
  19. chefboy2160

    chefboy2160

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    Yes flip You are so right for the Chef who can control who they can buy from but in my current position I am pretty much locked into Sysco and a local produce company so my meat quality and control are very limited as those of you who use Sysco know! But the upside is I do purchase all of my home meats from local farmers and I must say nothing beats a grass fed piece of beef or pork, chicken and lamb done with the farmers eye to quality with the final product.
     
  20. flipflopgirl

    flipflopgirl

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    Thanks, Pete.

    I was thinking you were advertizing....well nevermind.

    /img/vbsmilies/smilies/blushing.gif

    mimi