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Family Meal Solutions Family Meal Solutions

Is beef becoming a luxury item for you?

Posted by on Apr. 22, 2014 at 7:49 AM
  • 44 Replies

 Beef prices are expected to increase as much as 10% by summer, leading beef producers and sellers to worry that their product might become a luxury.

Retail beef prices have risen by an average of $1 per pound since 2007. Prices for cattle have jumped by as much as 25% in the past two years as the nation's herd dropped to its lowest level in six decades while foreign export demand boomed.

"The cattle producers are caught between a rock and a hard place," Sweeney said. "The price of corn is high, so cattle producers can't afford to keep as many animals. So you have fewer animals and high demand, and that creates high prices."

Corn prices have averaged $7 per bushel in the past 12 months.

Wages for working people haven't kept up enough, so they can't afford good beef cuts.

Signs of weakening demand for beef have shown up in recent weeks.

Beef's rivals in the protein business, pork and poultry, can reproduce and grow their animal herds much faster so attractive prices mean that the competition for the protein dollar has become fierce.

Chicken prices have reached record levels. But are still cheaper than beef.

How has this affected you? Are you stocking up on beef and freezing it, or using more chicken or what?

by on Apr. 22, 2014 at 7:49 AM
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Replies (1-10):
mylilprincesses
by Paula on Apr. 22, 2014 at 8:13 AM
We eat chicken more than beef.
Maries_Mom23
by Alice on Apr. 22, 2014 at 8:14 AM

We've always eaten more chicken anyway...but, I have noticed an increase when I do buy beef. 

Beachdeprived
by Member on Apr. 22, 2014 at 8:32 AM

I haven't bought ground beef in awhile because I am really trying to switch to ground turkey but I have noticed that the beef prices are higher and thus another reason I haven't bought it.

Noni2319
by Chrissy on Apr. 22, 2014 at 9:23 AM
We don't eat a lot of beef.
ladyvamp5489
by Member on Apr. 22, 2014 at 9:26 AM

 We get ours from a local butcher, so its automaticlly cheaper than grocery stores.

OliviaW.
by on Apr. 22, 2014 at 9:27 AM
1 mom liked this
It's not. We raise and butcher our own beef,
Kimberly954
by Kim on Apr. 22, 2014 at 2:55 PM

I havent purchased ground beef in forever because we have a pile of ground venison!! But no, its not a luxury for us. We eat a lot of red meat.

SweetLuci
by Luci on Apr. 22, 2014 at 4:56 PM
1 mom liked this

 I buy when it's on sale and freeze it to use later.

saraface5383
by Member on Apr. 22, 2014 at 6:07 PM
Same here. It's usually the occasional steak but always ground turkey.

Quoting Noni2319: We don't eat a lot of beef.
Noni2319
by Chrissy on Apr. 22, 2014 at 6:32 PM

We use ground turkey a lot.

Quoting saraface5383: Same here. It's usually the occasional steak but always ground turkey.
Quoting Noni2319: We don't eat a lot of beef.


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