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Fattest-Ever U.S. Cattle Herd Signals End to Record Beef Prices

D

dmcowen674

No Lifer
11-27-2015

http://www.bloomberg.com/news/artic...cattle-herd-signals-end-to-record-beef-prices

Fattest-Ever U.S. Cattle Herd Signals End to Record Beef Prices

Cattle in the U.S. are now the fattest they’ve ever been, signaling an end to the seven-year run of record beef prices

Cattle futures have plunged 22 percent from an all-time high a year ago as the U.S. herd began a long-awaited expansion and consumers switched to cheaper chicken and pork.

Prices may not drop all that much until warmer weather leads to more outdoor grilling starting around April, partly because retailers are slow to pass along savings to their customers, said Altin Kalo, analyst at Steiner Consulting Group in Manchester, New Hampshire.

Goldman Sachs Group Inc., in a Nov. 18 report, forecasts cattle futures in Chicago have “further downside risk” from weaker domestic demand and slowing U.S. exports because of the strong dollar. Prices will average $1.30 a pound in three months and $1.20 a pound in six months, the bank said. The contract for February delivery closed Wednesday at $1.332.


“Eventually, consumers are going to benefit," said David Kruse, president of CommStock Investments Inc. in Milwaukee, Wisconsin.
 
Greedy bastards were able to keep beef prices through the roof for 7 years.

Was just at Costco and Rib eyes were still at $14 a pound.
 
Sadly, I was born into a meat eating culture and got hooked on that habit. It would be so much better for the planet if I could handle getting my protein from plants and insects where most of it will come from in the future. I just saw somewhere perhaps in a link how they are working on making meat that tastes like meat from plants. I mostly go for London broil and have been turned off by the taste of Chateaubriand or sirloin, but lately I have been going for ribeye. But I got a sirloin at Denny's while driving between Sac and the Bay area and it was quite good so I'm going to try sirloin again at the store. Maybe if the price comes down enough I will try the aged beef at Whole Foods. I just won't pay 20Lodge Cast-Iron Dutch Oven plus dollars a pound for beef outside of a restaurant. Paid quite a bit for a steak that was enormous at some famous place in Italy. You pick the one you want out of a case like at a store. Fun and delicious but I have no idea what the name of the place was. Sad to be a meat eater, really. You feel like a monster when you eat lamb. I don't buy pork that isn't sustainably raised because of the pig shit problem caused by factory farms however.
 
dmcowen674 said:
Greedy bastards were able to keep beef prices through the roof for 7 years.

Was just at Costco and Rib eyes were still at $14 a pound.
Click to expand...


$14/lb? That's way high compared to around here. I get them for less than half that for USDA choice around here when on sale, and still much less than $14 when not on sale. Shop around.
 
SlowSpyder said:
$14/lb? That's way high compared to around here. I get them for less than half that for USDA choice around here when on sale, and still much less than $14 when not on sale. Shop around.
Click to expand...

That's for the really good Rib eyes, the regular Rib eyes are still at $9.99 lb

For the really good Rib eyes hard to beat Costco, regular Grocery stores like Marsh, Kroger etc have the good Rib eyes up around $21.99 lb.
 
Wait I thought beef prices were high because of stealth inflation that only showed up in conveniently selected products?

Clever ploy, federal reserve.
 
Moonbeam said:
It was new to me. This was the place:

http://www.anticoristorodicambi.it/en/video/#
Click to expand...


Looks like fun to me 😎

I know there was a place similar in Orlando I can't recall offhand, didn't even eat there at the time, just came across it walking around once about 20 years ago.

Had the meat all on display like that, you picked out what you wanted.

I've yet to even go to Bern's here locally, is just across the bay and have never went there I guess over time, though have hit most of the good places on this side of Tampa Bay.

http://www.bernssteakhouse.com/
 
Last edited:
Moonbeam said:
Sadly, I was born into a meat eating culture and got hooked on that habit. It would be so much better for the planet if I could handle getting my protein from plants and insects where most of it will come from in the future. I just saw somewhere perhaps in a link how they are working on making meat that tastes like meat from plants. I mostly go for London broil and have been turned off by the taste of Chateaubriand or sirloin, but lately I have been going for ribeye. But I got a sirloin at Denny's while driving between Sac and the Bay area and it was quite good so I'm going to try sirloin again at the store. Maybe if the price comes down enough I will try the aged beef at Whole Foods. I just won't pay 20Lodge Cast-Iron Dutch Oven plus dollars a pound for beef outside of a restaurant. Paid quite a bit for a steak that was enormous at some famous place in Italy. You pick the one you want out of a case like at a store. Fun and delicious but I have no idea what the name of the place was. Sad to be a meat eater, really. You feel like a monster when you eat lamb. I don't buy pork that isn't sustainably raised because of the pig shit problem caused by factory farms however.
Click to expand...

I like meat.

The heck did I just read?

There was this former Vegan woman on food network who really cracked me up when she discovered how amazingly delicious meat was again and how it solved all her health problems.

I do think meat is an important part of the diet. Then again beef is like the least efficient meat ever. I compromise and eat alot of poultry these days.
 
OverVolt said:
I like meat.

The heck did I just read?

There was this former Vegan woman on food network who really cracked me up when she discovered how amazingly delicious meat was again and how it solved all her health problems.

I do think meat is an important part of the diet. Then again beef is like the least efficient meat ever. I compromise and eat alot of poultry these days.
Click to expand...

Hehe, I am learning to make bread and need a lodge cast iron Dutch oven, and I have a gaming keyboard I don't understand. These two facts combined, somehow, I don't know but it's happened before, mean that if I do a search and later type something, I can hit a key somewhere that pastes whatever is in my copy memory right into my text.
 
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