Bacon has gotten cheaper. When will ribeye steaks prices go down?

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smackababy

Lifer
Oct 30, 2008
27,024
79
86
You'd be surprised at the amount of ranches in CA. I was shocked too.

Are those for beef production or dairy though? I know a lot of dairy farmers in CA, and they are all Portuguese for some strange reason, but haven't heard of any beef farmers.
 

Fritzo

Lifer
Jan 3, 2001
41,908
2,141
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Are those for beef production or dairy though? I know a lot of dairy farmers in CA, and they are all Portuguese for some strange reason, but haven't heard of any beef farmers.

According to the Beef Industry:

More than 50 percent of the total value of U.S. sales of cattle and calves comes from the top 5 states:
1. Texas
2. Nebraska
3. Kansas
4. California
5. Oklahoma - See more at: http://www.beefusa.org/beefindustrystatistics.aspx#sthash.LtVKerlZ.dpuf

http://www.beefusa.org/beefindustrystatistics.aspx
 

MarkXIX

Platinum Member
Jan 3, 2010
2,642
1
71
I thought beef comes from the middle of the US like Iowa+Montana, not CA?

Yeah, the mere thought of what it must take to slaughter cattle in California is problematic for me. That's why they're mostly dairy cows that listen to soft rock and swing in hammocks while they're being milked.
 

NetWareHead

THAT guy
Aug 10, 2002
5,847
154
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But worth every penny!

ohhh soooo good!

I too love it but when brisket starts getting $9+ per lb, I might as well just buy a ribeye steak. At least ribeye I can eat almost immediately; it just needs to be grilled. Brisket is costing alot of money and then on top of that, it needs a looong time to cook.
 
Nov 8, 2012
20,828
4,777
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Better question: When will FILET steaks get cheaper? I always open up a menu and my jaw drops at their filet prices sometimes.
 

blackdogdeek

Lifer
Mar 14, 2003
14,453
10
81
I too love it but when brisket starts getting $9+ per lb, I might as well just buy a ribeye steak. At least ribeye I can eat almost immediately; it just needs to be grilled. Brisket is costing alot of money and then on top of that, it needs a looong time to cook.

or pan-seared.
 

dullard

Elite Member
May 21, 2001
25,476
3,974
126
how's the cow market looking for 2015?
Scroll 2/3rds of the way down:
http://money.cnn.com/data/commodities/?iid=C_MT_Index
Live cattle (ones ready to be slaughtered) are still close to the 52-week price high.

A little glimmer of hope is that Feeder cattle (ones ready to be fattened and will one day be Live Cattle) are high, but not as high as they have been.

The 2012 drought combined with high feed costs caused farmers to dramatically reduce their herd size. That meant a lot less beef supply in 2013 and later. Even though that things are returning to normal, prices for beef will remain high for a couple more years. Cattle aren't just born ready to be slaughtered.

A wild guess on my part (I'm no cow expert, despite driving past thousands of them daily) is that prices will return to normal in about 1.5 to 2 years.
 
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dullard

Elite Member
May 21, 2001
25,476
3,974
126
Better question: When will FILET steaks get cheaper? I always open up a menu and my jaw drops at their filet prices sometimes.
I used to be like that. Until I tried ribeye as an adult. I would never consider going back to Filet again.
 

Mai72

Lifer
Sep 12, 2012
11,562
1,741
126
I remember when I had a bit too much Soju in Seoul. I was out with a few friends and we all decided to get something to eat. We went to an all night pork eatery. They put a mound of pork in front of us. I've never seen so much pork! We ate for 3 hours straight!

Nothing but pork, lettuce beer, garlic, and Soju. :)
 
Nov 8, 2012
20,828
4,777
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I used to be like that. Until I tried ribeye as an adult. I would never consider going back to Filet again.

No don't get me wrong. That's already what I end up doing... is getting the rib eye.

But still, occasionally I wouldn't mind a filet... It's a different flavor. It's a different style. One is fatty. The other is the least fatty. Total apples to oranges, yet both are ridiculously delicious cuts.

But why the fuck is the filet so fucking much? Seems like price gouging sometimes.
 

NetWareHead

THAT guy
Aug 10, 2002
5,847
154
106
No don't get me wrong. That's already what I end up doing... is getting the rib eye.

But still, occasionally I wouldn't mind a filet... It's a different flavor. It's a different style. One is fatty. The other is the least fatty. Total apples to oranges, yet both are ridiculously delicious cuts.

But why the fuck is the filet so fucking much? Seems like price gouging sometimes.

Because ribeye steaks are cut from the rib steak and each cow carcass contains far more rib for a butcher to slice and sell than filet.
 

ponyo

Lifer
Feb 14, 2002
19,688
2,810
126
This is nonissue for most people unless you're involved in the industry. Given how cheap OP is, I doubt he eats ribeye steak more than once a month. One pound of ribeye or 12 pounds a year. You're talking the difference of $20-30 total for the whole year. He's probably saving more than that each time he pumps gas in his car with the falling gas prices. Ribeye steak is easy substitute. NY strip was $7-8 all year long at Costco. Again, peanuts unless he eats steak every night and cooks for family of 4 or more.

To me is the biggest surprise is the increase in the price of the boneless beef short ribs. It's now at $10/lb at Costco. It was $6/lb for the past couple of years. 7-8 years ago it was around $3.50/lb. I blame the fancy $10-20 burger hipsters for the rise in the beef short rib prices. I've switched to eating chuck roast because of these burger hipsters.
 

Puppies04

Diamond Member
Apr 25, 2011
5,909
17
76
Ground Beef special at a butcher near my work, $0.50/ pound. They sold over 2k pounds in the first 3 days, and expect to go through another 2500 pounds by Saturday. Only 2 pounds / household / day.

That isn't beef. Noticed any pets going missing from the neighbourhood?
 

Ns1

No Lifer
Jun 17, 2001
55,418
1,597
126
holy fuck beef prices. I went to buy some ground beef for chili and the generic ground beef at Ralphs was $5.99/pound!!!!! That's fucking steak territory right there.

The "local" ground beef was something like $8.99/pound.
 

JEDI

Lifer
Sep 25, 2001
29,391
2,736
126
holy fuck beef prices. I went to buy some ground beef for chili and the generic ground beef at Ralphs was $5.99/pound!!!!! That's fucking steak territory right there.

The "local" ground beef was something like $8.99/pound.

so starts the prices increases due to CA's mandatory water restrictions.

and bacon has DROPPED in price to $2.49/lb.
 

Ns1

No Lifer
Jun 17, 2001
55,418
1,597
126
so starts the prices increases due to CA's mandatory water restrictions.

and bacon has DROPPED in price to $2.49/lb.

can't find anything that low. I'm pretty happy when I can buy a pound of commercial bacon @ $4. The good bacon from Trader Joe's runs $3.99/12-14oz.

//edit

$4.99/pound for ground beef from TJ's. $4.22 for 1.41 pounds of ground turkey.

Turkey chili it is.
 
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jlee

Lifer
Sep 12, 2001
48,517
223
106
holy fuck beef prices. I went to buy some ground beef for chili and the generic ground beef at Ralphs was $5.99/pound!!!!! That's fucking steak territory right there.

The "local" ground beef was something like $8.99/pound.

Yeah, ground beef is brutal. Too bad, because I miss hamburgers but for the cost per pound I might as well eat steak.
 

irishScott

Lifer
Oct 10, 2006
21,562
3
0
Better question: When will FILET steaks get cheaper? I always open up a menu and my jaw drops at their filet prices sometimes.

What always gets me is the Surf N'Turf. All it is is steak and lobster, both of which could be bought for less than $25 at any given grocery store. Yet everywhere I go it's $50+. :D
 

irishScott

Lifer
Oct 10, 2006
21,562
3
0
I remember when I had a bit too much Soju in Seoul. I was out with a few friends and we all decided to get something to eat. We went to an all night pork eatery. They put a mound of pork in front of us. I've never seen so much pork! We ate for 3 hours straight!

Nothing but pork, lettuce beer, garlic, and Soju. :)

:eek:

Korea has officially displaced Japan on my vacation list.