Beef too high in the store?

[Cowcatcher]

It may be lookin high in the store but the producer is getting paid less. A steer has lost $30 per hundred weight on the hoof in the last 30 days but the same steer chopped up in a box has gone up $30 per hundred in the last 30 days.


For those that are wondering what petition he speaks of:
https://www.jotform.com/form/201785981248062

 

[dennishoddy]

Everybody gets a slice of the pie except the producer. That's the reason I got out of cattle years ago among others in the 80's.

 

[TwoForFlinching]

Wasn't the meat industry in some hot water for gouging recently? Lowering producer pay rates while boosting consumer rates... Sound familiar at all? Or am I really a notredamaus?

 

[chadh2o]

It may be lookin high in the store but the producer is getting paid less. A steer has lost $30 per hundred weight on the hoof in the last 30 days but the same steer chopped up in a box has gone up $30 per hundred in the last 30 days.


For those that are wondering what petition he speaks of:
https://www.jotform.com/form/201785981248062

I watched this earlier today. Me thinks the corp/.gov has the finger on the scale. When every slope shop (drive thru food) has fake meat on the signage, pumping how much better it is, u know something is up.
A guy I follow from Colorado has been on this for a year or two. Beef bad, dairy cows need fart bags (California ), all because of, ya no, global warming, climate change, CO2 or whatever the elites can think of.
I have a friend who is running 1,000 head or so. He can't believe what is happening in the beef market. Futures are the control mechanism for anything, whether cattle, corn, metals or bitcoin.
Big banks can buy long or short at infinite capacity in the futures market. It has become a joke watching the cash price of commodities while the futures make big swings. Tail waging the dog (futures control cash price).
A particular market becomes interesting when backwardation happens (cash market is more than futures). Backwardation says "I want it now, not next month or year". If the producers would become a "cartel" and withhold their product, the dog starts to wag the tail. Problem is debt. Nearly all producers run hand to mouth. Like he said in the video "$70,000 pickups, $3.00 gas". If the producers didn't take on that note for $70k pickup, $200k tractor, they could middle finger the futures market. Unfortunately, until the current financial system blows, producers are at the whim of the bankers.

 

[cowadle]

imhoffe raised a big stink during the early lockdowns and before the election. said he was going to insure more competition in the market and such things. made him look good in front of the voters. well he got re elected and POOF were back to business as usual. rino

 

[swampratt]

I do not see how cattle bring what they bring..If you take all the meat off the bones you do not have much meat weight left.

I will stick to deer and other critters I harvest.

 

[dennishoddy]

imhoffe raised a big stink during the early lockdowns and before the election. said he was going to insure more competition in the market and such things. made him look good in front of the voters. well he got re elected and POOF were back to business as usual. rino

He is on his last term. Time to vote in some representation that will support the people.

 

[Roy14]

I’ve stopped selling at sale barns entirely. FB and CL bring a slightly better price. I also have intention to start shifting herd production to selling feeder steers to individuals and second calf heifers for replacements... I kick myself for not buying a local processing plant a few years ago for next to nothing when I had the chance, but I was too young/broke/busy to do that, work a full time job, and farm.

 

[dennishoddy]

I’ve stopped selling at sale barns entirely. FB and CL bring a slightly better price. I also have intention to start shifting herd production to selling feeder steers to individuals and second calf heifers for replacements... I kick myself for not buying a local processing plant a few years ago for next to nothing when I had the chance, but I was too young/broke/busy to do that, work a full time job, and farm.

Back when I got out of cattle, the prices had dipped to the .25 per lb level. Couldn't pay to feed them.
Ads in the newspaper to come get em was the only way to get rid of them. You could get a hanging side for $150 at a processor, but after paying them it was over $300. Haven't bought a side in many years relying on elk and deer, so don't know what that costs currently.

 

[SoonerP226]

Everybody gets a slice of the pie except the producer. That's the reason I got out of cattle years ago among others in the 80's.

Red Steagall used to occasionally use this quote on his radio show:
Cattle ranchers and farmers are the only ones in the business world who buy retail, sell wholesale, and pay the freight both ways.
-- R. Lewis Bowman