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Old 12-14-2012, 08:19 AM
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Beef prices may hit record high in 2013

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Your hamburger could cost more in 2013.

Global beef prices are expected to rise to record highs in 2013, according to Rabobank, a Dutch financial firm with a focus on agriculture. Their analysts point to the "lethargic world economy," and a beef supply that has largely remained flat for six years straight.

In the United States alone, beef production is expected to decline significantly in 2013, whether or not droughts in the Midwest continue.

Even if more rain restores pastures next year, beef production could be down as much as 9%, said David Nelson, a Rabobank analyst. "This is because ranchers would then hold back young females (heifers) for breeding to expand, instead of sending them to the market," he said.

If the drought continues, ranchers are more likely to send their heifers to market sooner, but still, Nelson said he expects beef production to be down about 4%. Currently, Rabobank says the prime cattle feeding regions of the U.S. are under "severe to exceptional drought conditions."

In October, the price for a pound of lean ground beef averaged $4.11, up 30 cents from a year earlier. A USDA Choice sirloin steak cost about $6.75 a pound, up 43 cents from a year earlier, according to the Bureau of Labor Statistics.

Demand for beef is expected to fall in the United States next year as well. Americans are predicted to eat around 55 pounds of beef per person in 2013, down from about 58 pounds this year, according to USDA estimates.
http://economy.money.cnn.com/2012/12/14/beef-prices

What your thoughts on this?
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Old 12-14-2012, 10:30 PM
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That is to bad for beef lovers, actually in some countries beef is much more expensive than you can expect
 
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Old 12-15-2012, 03:47 AM
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Prices going up...
How unusual is that?

I have read that feed costs more because more corn is used to make fuel and the farmers get a better price for fuel corn than feed corn...

Hope the fish are biting...)
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Old 12-15-2012, 08:22 AM
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Originally Posted by Jim Gillum View Post
Prices going up...
How unusual is that?

I have read that feed costs more because more corn is used to make fuel and the farmers get a better price for fuel corn than feed corn...

Hope the fish are biting...)
GMO fishes?
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Old 12-19-2012, 12:15 PM
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There was a significant drought in Texas two years ago that set beef prices higher as well.

Transportation costs and issues related to the use of ethanol have to be considered as well.

I buy steaks at a place that purchases meat from restaurants that are going out of business or who have over-purchased and/or have items near their expiration.

Average price about $2-2.50 a pound for steak.

Dressing venison costs about $4.50 a pound so even if Dave shoots it, it's not a bargain... though he is entertaining the idea of butchering deer himself.

It's just hard to find someone with a deer lease
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Old 12-21-2012, 07:31 AM
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oh very sad. I love beef ...
 
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Old 12-21-2012, 07:51 AM
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Oh no... this is really happening? What will happen to beef lovers like me now.
 
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