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Beef prices and farmers...
Posted on 5/17/20 at 9:28 am
Posted on 5/17/20 at 9:28 am
I keep seeing a bunch of FB posts concerning the price of beef. I am being advised to buy from a local cattle farmer, because they are being hit hard by declining prices. I contacted several on FB marketplace that were selling processed sides and quarters. One had some coming up available in the 2nd week of June. Next one was September. A friend (someone who posted that we should buy from the downtrodden, local farmer), gave me the contact info of her relative. He's sold out, and his next availability is not until the 1st of the year! BTW, the one guy who will have some next month, wants $1000 for 120-130 lbs of beef. I'm starting to call BS on these "poor cattle farmer" posts.
22
Posted on 5/17/20 at 9:32 am to greygoose
It's like $12 for 2.25 pounds of lean ground beef. That's not bad.
Posted on 5/17/20 at 9:32 am to greygoose
Yeah, I stay confused on how the industry works.
I get that some cattle guys are tied in with the idiot major beef processors and they are getting screwed over constantly for the prices they are getting.
It sure seems like the little guys can be making bank right now due to demand.
I get that some cattle guys are tied in with the idiot major beef processors and they are getting screwed over constantly for the prices they are getting.
It sure seems like the little guys can be making bank right now due to demand.
Posted on 5/17/20 at 9:32 am to greygoose
Umm, if that includes the expensive cuts, that's a pretty good deal isn't it?
Posted on 5/17/20 at 9:37 am to greygoose
As a side hobby I operated between 150-250 head of beef cattle.... The bottleneck causing beef prices consist of the lack of beef processing centers operating at capacity therefore higher demand for beef and higher prices being demanded by processors. This creates maximum supply at the feedlots thus lowering price per pound for cattle farmers. Buy from a local beef producer and have it processed yourself. It’s rather easy.
Posted on 5/17/20 at 9:39 am to PrivatePublic
quote:Yes, but how much? I asked and was told, I would get T-bones, ribeyes, sirloins, cubed steak,stew meat, and ground beef. Of course, they want a deposit. If I ended up with 130lbs for $1000 that comes out to $7.69/lb. Great price if it was all T-bones and ribeyes, not so much if 3/4 of it is hamburger meat.
Umm, if that includes the expensive cuts, that's a pretty good deal isn't it?
Posted on 5/17/20 at 9:39 am to greygoose
Not to be mean, but beef saw an astronomical increase in price about 10-12 yrs ago. Almost doubled overnight. Its about time the market corrected itself.
Posted on 5/17/20 at 9:45 am to greygoose
First off thefarmer has to set up appointment with a usda butcher in order to sell the beef. At this point most are swamped. The fastest I can get one in is in December around here. 7.70/pound is pretty damn high but not much higher than the store. Here is last weeks prices on the hoof
SLAUGHTER CLASSES
COWS
High Dressing up to 79.00
Breakers up to 71.00
Lean up to 70.00
Bulls up to 94.00
Stocker Classes
Bred Cows up to 1,025.00
Cow Calf Pairs up to 1,300.00
The poor cattle farmer getting less than a dollar a pound so who is getting the other? It's the butcher and the packers that are driving these prices sky high
SLAUGHTER CLASSES
COWS
High Dressing up to 79.00
Breakers up to 71.00
Lean up to 70.00
Bulls up to 94.00
Stocker Classes
Bred Cows up to 1,025.00
Cow Calf Pairs up to 1,300.00
The poor cattle farmer getting less than a dollar a pound so who is getting the other? It's the butcher and the packers that are driving these prices sky high
Posted on 5/17/20 at 9:46 am to greygoose
No such thing as a poor farmer.
Posted on 5/17/20 at 9:48 am to greygoose
quote:
I'm starting to call BS on these "poor cattle farmer" posts.
It's an opportunistic marketing scheme perpetuated on social media.
Posted on 5/17/20 at 9:49 am to Ignignot
Live cattle on the commodity market today is $.90/lb and the processors are getting $7.69/lb (per the above post). It don't take a rocket scientist to figure out who's making the money in beef.
Cattle prices
Cattle prices
Posted on 5/17/20 at 9:59 am to Luke
quote:
The bottleneck causing beef prices consist of the lack of beef processing centers operating
It’s this. There is plenty of beef to process, they just don’t have anyone to process it.
Posted on 5/17/20 at 10:03 am to angus1838
quote:
7.70/pound is pretty damn high but not much higher than the store.
Then what is the point of buying directly from the farmer? I have to store large quantities, outlay a much larger amount of money upfront, AND pay a higher price than the grocery store?
I thought the whole point of buying sides, and quarters, was for the lower price by buying in bulk. This doesn't seem to be the case.
I understand that the reason behind this is due to the processors. I just don't understand why, logically, a consumer would go this route over just picking up what you need from the grocer, when you need it.
Posted on 5/17/20 at 10:09 am to greygoose
A lot of the sale barns have been closed in East Texas. Also, for butchering, you have to have a USDA inspector on site if you are going to sell the meat. There is another bottleneck and inspectors are expensive to keep on the payroll of local places which is why you don't see them around anymore.
Posted on 5/17/20 at 10:11 am to greygoose
Because more often than not (according to the farmer and his feed techniques) you will be getting a much better product. I said that 7.70/ pound was high but realize the cuts you are getting it's not just 6.00 a pound ground beef. Go buy select cuts of the beef you would get and look at those prices per pound. I bet it would average out to about 7.50/ pound.
Posted on 5/17/20 at 10:12 am to Tempratt
Friend,
Saw some 90/10 at Sam's this week for $3.25/lb. I used to prefer Wagyu for my burgers, but recently have been using 93/7 and up. Really am enjoying these burgers which taste more like steak than burgers. Gone are my days of lots of fat in the burger.
Yours,
TulaneLSU
Saw some 90/10 at Sam's this week for $3.25/lb. I used to prefer Wagyu for my burgers, but recently have been using 93/7 and up. Really am enjoying these burgers which taste more like steak than burgers. Gone are my days of lots of fat in the burger.
Yours,
TulaneLSU
Posted on 5/17/20 at 10:27 am to TulaneLSU
quote:
Gone are my days of lots of fat in the burger.
Then you're missing out. Fat = flavor.
Posted on 5/17/20 at 10:36 am to greygoose
& The pig farmers
And for gods sakes don’t you dare say a disparaging word about the damn dairy industry.
And for gods sakes don’t you dare say a disparaging word about the damn dairy industry.
Posted on 5/17/20 at 10:39 am to TulaneLSU
quote:
Saw some 90/10 at Sam's this week for $3.25/lb. I used to prefer Wagyu for my burgers, but recently have been using 93/7 and up.
What I'm referring to is 93/7.
Posted on 5/17/20 at 10:39 am to angus1838
quote:
Because more often than not (according to the farmer and his feed techniques) you will be getting a much better product. I said that 7.70/ pound was high but realize the cuts you are getting it's not just 6.00 a pound ground beef. Go buy select cuts of the beef you would get and look at those prices per pound. I bet it would average out to about 7.50/ pound.
I, admittedly, know very little about this industry. I'm just trying to get my head around the economics of it.
Are you saying the beef sold in the grocery store is an inferior product compared to a local cattle rancher? Where does the beef come from that is sold in the grocery store? Who does the local cattle rancher sell his stock to? If I were to want to get into this line of work, and acquire 200 head, would it be difficult to find 800 people willing to spend $1000 on a quarter?
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