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re: Higher end places saying they will insert a 3% surcharge for credit cards
Posted on 3/9/24 at 10:14 am to Y.A. Tittle
Posted on 3/9/24 at 10:14 am to Y.A. Tittle
You know what is a reasonable profit. Used to be 10-20%. Now I think retailers mark their stuff up 50-100%. And blamed COVID but now that COVID is over we don’t see prices going down!
A $25 hamburger is absurd when I can tell you that the rancher is not getting much more for their cow than they have in the last 5 yrs. Shrimpers are still getting prices for their shrimp that they got 10 yrs ago. So there is no reason for the huge markup in these items at the middleman level
A $25 hamburger is absurd when I can tell you that the rancher is not getting much more for their cow than they have in the last 5 yrs. Shrimpers are still getting prices for their shrimp that they got 10 yrs ago. So there is no reason for the huge markup in these items at the middleman level
2
Posted on 3/9/24 at 10:28 am to Sixafan
quote:
And blamed COVID but now that COVID is over we don’t see prices going down!
Because the cost of goods, labor, insurance, maintenance, rent and pretty much anything else you can think of has only went up since Covid
Posted on 3/9/24 at 10:42 am to Sixafan
quote:
I can tell you that the rancher is not getting much more for their cow than they have in the last 5 yrs
Maybe that's the case sometimes in cycles over time, but it's not the case right now.
Cow calf operations are getting record high prices. From what I hear from my cattlemen friends, everything is headed to the feed lots. Record high prices.
Just try to buy replacement heifers if you want to expand right now. We haven't seen the top of the market yet either. If you see a good price on beef in the meat case, buy it now for your freezer.
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