Beef prices surged to an all-time high in July as the market grappled with consistently strong demand and long-term issues in domestic production.
According to the latest consumer price index, which the Bureau of Labor Statistics published on Tuesday, the beef and veal index rose by 2.5% in July, compared to 0.2% for the broader food category. This capped an 11.3% increase over the past 12 months.
Meanwhile, the price of ground beef and uncooked beef steaks has risen by 11.5% and 12.4%, respectively, both now at record levels.
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Texas meltdown incoming.
They’ll have to cut down to just breakfast steak, lunch steak and dinner steak.
RIP elevenses steak and supper steak. This must be what it’s like living in Europe with the GAYS!
Who needs beef anyway
It’s not essential, eat pork and poultry instead - it’s cheaper and much better for the environment.
Much better? You ever been around the hog and chicken barns?
Been around chickens quite a lot, and around cows a bit. Chickens don’t produce nearly as much methane as cows, chicken manure is an excellent fertilizer, arguably even higher quality and lower footprint than cow, their food consumption even per unit of mass is quite small, they don’t take much space, and overall, they’re relatively easy to work with.
That said, plant-based options are even better in that respect.
Sorry you have experience living around, working on CAFO’s?
Cows are cool anyway.
Lab grown meat.
Beef should be grown in a lab. It is a terrible resource sink to how many calories you get when you harvest it from living animals that have to go through a whole life cycle before they can be harvested, and eat the resources that could literally be used to solve world hunger before they are made into ground beef. Not to even mention the ethical considerations, but beef is terrible for the environment as a whole and wrecks entire ecosystem…
The only beef we should grow is luxury beef. Think waguy and that shit.
Normal people don’t need to eat beef daily, there’s no need
it’s not “beef”. It’s cow flesh. Stop with the euphemisms for cruelty. A cow who wanted to live her life free.
But instead states are rushing to ban lab meat.
Hey America are we tired yet from all this winning?
Thank god. Now, please add taxes.
Thank god. Now, please add taxes.
who largely attribute this to declining cattle herds that are incapable of meeting demand, as well as a growing reliance on imports and periodic battles with adverse weather.
So this is Republican’s climate denial and tariffs that are the cause. Got it, shame that Democrats won’t.
Don’t forget the recent moves to outlaw lab-grown meat.
The cause is 100% the orange morons tariffs on this one.
Beef prices are cyclical. This is because beef producers have a lag time between price increases and their ability to increase their herds (2-3 years).
Historically when beef prices go up, domestic producers sell down their herds to capitalize on the higher pricing. Then imports increase to meet the demand and prices slump. It’s usually only a year or two of high prices and 7-8 years of low prices. Producers are conditioned to sell down their herds when prices are high then slowly rebuild them when prices are low.
Enter the orange moron:
Prices were at a normal cyclical high when he started throwing his tantrum and shitting in his diaper. With all the tariffs, producers in other countries decreased their stocking levels… So prices are soaring.
Demand has remained stable because the largest market is fast food chains. Guess who has spent the past 5 years jacking up prices and making record corporate profits?
Now for more bad news.
Hay prices are beyond depressed. With the decrease in herd size this is normal as supply increases. Again the export market usually absorbs the supply readily with the cheaper pricing. Then as beef prices fall, hay prices climb as producers rebuild their herds. Except the orange moron stepped in and killed the export market. So prices are very low, and supply is very high. We are talking high enough that there will be a shit ton of “mysterious” hay stack fires this fall for insurance claims.
Beef producers and hay producers are often the same operation. Since hay is worthless right now they can not build up their herds and have to keep selling animals to make ends meet.
So the prices at the store are only going to climb higher. Meanwhile the producers are stuck facing diminishing returns as their herd size decreases.
In summary, beans are looking pretty affordable right now.
As the man said, “I ain’t got a dime in these old worm-out blue jeans so I’ll stop eating steak and go back to beans.”
Probably because we never got HUNTER BIDENS LAPTOP. SAD.
I know you’re fucking around, but we… did get the laptop? That’s what the whole laptop controversy was about- the contents of the laptop.
Well, at least we got a hard drive of dubious origin and chain of custody.
I reduced my beef intake significantly nearly three years ago. I cook it maybe twice a year for holidays. Beans are absolutely so versatile. Beef is terrible for the environment, and should be expensive.
That being said, I was looking at the sales at my local grocery and they had those “Bubba Burgers” I think the brand is called, frozen beef burgers, on sale, for $16.99 with only 6 patties in the box. I was shocked. Glad I’ve already invested myself in learning the ways of the bean.
Yeah, I haven’t bought beef that I recall in over a year now. Had it for the first time in ages last week at my wife’s parents’ house and her friend’s BBQ. Eating it only a couple of times makes the taste that much better when I do, but man was quitting it several times a week hard.
High five bean buddy!
*American Beef Prices.
The rest of the world is doing fine.
Here in Denmark meat has become a lot more expensive the past couple of years.
500g used to be a standard package almost everywhere, but now 500g is reduced to 400g, and despite being 20% smaller, it is more expensive!But at least prices have stabilized here, while the opposite seems to be the case in USA.
Hmm idk about that. Where I’m from, 500g of minced beef is over 7 euros, and everyone I know has basically stopped buying beef, bc it’s not worth it anymore. And we are historically a big consumer of beef. Tbh less beef consumption is probably a good thing, in the grand scheme of things, but that doesn’t stop people complaining about it ofc.
If by fine you mean “destroying the Amazon to keep eating steaks” then yes, you’re correct
Not everywhere imports beef from the Amazon.
But they do make the most beef in the world after the US.
Yes, undoubtedly, and they do impact global beef prices regardless, however, many countries that are net exporters of beef have controls and supply management systems in place to keep domestic prices relatively low and unimpacted from the international market.
If you’re in Australia, New Zealand, Canada, Argentina, Switzerland, or Germany for instance, you are probably eating mostly local beef and probably haven’t seen your prices skyrocket the way American ones have.
Wherever you live almost certainly does
can you show your work?
It was eggs, then coffee, now beef. They are starting to figure out that if one of the producers hikes up prices, all the other ones will follow suit because why not?
Trump is imposing tariffs on Brazil, and Brazil is one of the biggest beef producers in the world and the biggest choice producer, so that explains those two
Everyone should put huge tariffs on Brazil meat imports imo. Then domestic food should be nationalized and run for stability, not profit.
It’s a golden age of profiteering.
But egg prices are at a historically low price right? I mean he promised. He also promised to deport 10 million ‘illegals’ on day one, and end the Ukraine war on “day one”. So it’s just fine that beef is expensive since President Felon made good on all his other promises, right? /s
Yes, historically low. I now only pay $8/dz versus back in history (few months ago) I was paying $12/dz. Thanks Trump! My stupid ass father in law actually said something like this recently.
And mexico paid for the wall 10 years ago
I wonder when it will hit the true cost.
Meanwhile, the dolts in red hats are going state to state and outlawing cultivated meat.
MAGA Economic Policy:
All hat, no cattle.
They somehow made the idiom so literally true that it basically isn’t an idiom any more.
Well, my hat’s off to them on that accomplishment.
