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Beef prices going up????
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<blockquote data-quote="KDM" data-source="post: 473105" data-attributes="member: 314"><p>The more I read, it mentioned that this is 5% of the beef processing. The issue is the geography. The proposed plant closure is in Nebraska which would greatly affect that area as there is no other facility close enough to moderate the transportation costs of bringing the cattle to another facility. We had 90/10 ground beef at the grocery store here in VC be 8.99 a lb. The 80/20 was 5.99 a lb at the same time. It's not there now, but it was that price within the last year. My neighbor just sold steers for 3500 each at 1000 lbs give or take. 3.50 a lb live weight with a 50 % ish return on meat is a lot of salad for beef. It just made me think a bit on future beef prices.</p></blockquote><p></p>
[QUOTE="KDM, post: 473105, member: 314"] The more I read, it mentioned that this is 5% of the beef processing. The issue is the geography. The proposed plant closure is in Nebraska which would greatly affect that area as there is no other facility close enough to moderate the transportation costs of bringing the cattle to another facility. We had 90/10 ground beef at the grocery store here in VC be 8.99 a lb. The 80/20 was 5.99 a lb at the same time. It's not there now, but it was that price within the last year. My neighbor just sold steers for 3500 each at 1000 lbs give or take. 3.50 a lb live weight with a 50 % ish return on meat is a lot of salad for beef. It just made me think a bit on future beef prices. [/QUOTE]
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