Retail beef prices are soaring, but I can tell you from the other end, auction sale prices of market weight steers sure as fuck hasn’t gone up that much.
Lot of squeezing happening in the middle somewhere. Curious, that one.
We noticed this when we went to a Texas Roadhouse. Their restaurant prices for steaks hadn’t gone up hardly at all and seemed very surprisingly reasonable, whole beef at the grocer is painful.
Not sure where you are, but here in Alberta it’s more than double what it was a few years ago to buy a half steer, and I’m buying from a family member.
Retail beef prices are soaring, but I can tell you from the other end, auction sale prices of market weight steers sure as fuck hasn’t gone up that much.
Lot of squeezing happening in the middle somewhere. Curious, that one.
I dont want to sound condescending but this is pretty simple economics.
If you tax imports then vendors of local products will increase prices to match the imported goods.
The market for local beef is an oligopoly with only a few buyers, so it’s easy for them to manipulate the price.
That’s an oligopsony, not an oligopoly which would have only a few sellers.
We noticed this when we went to a Texas Roadhouse. Their restaurant prices for steaks hadn’t gone up hardly at all and seemed very surprisingly reasonable, whole beef at the grocer is painful.
It’s been that way for a while. If there is no sale I can get a restaurant steak cheaper than the store.
Living in Nebraska I can get shrimp, lobster , salmon, tuna steaks far cheaper than a fucking ribeye right now
Greedflation/ Profit Gouging
Not sure where you are, but here in Alberta it’s more than double what it was a few years ago to buy a half steer, and I’m buying from a family member.
Must be low prices in the west due to farmers being forced to sell and the buyers know it. In the East beef prices are jaw dropping high.