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Catering, Vending and Cooking For The Masses. this forum is OnTopic. A resource to help with catering, vending and just cooking for large parties. Topics to include Getting Started, Ethics, Marketing, Catering resources, Formulas and recipes for cooking for large groups.


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Unread 03-18-2011, 10:44 PM   #1
jbrink01
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Default Beef going down...?

My wholesaler tells me that the Japanese situation has hit US beef exports and beef should be going down, if only for a little bit.
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Unread 03-19-2011, 10:30 AM   #2
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Thought the same thing (Japan being major market currently not buying) earlier this week when my brisket price dropped 25˘/lb Checking with my rep to see what this week is - may be stocking up a bit.

Have also heard the possibility the crisis in Japan may also drive gas prices down.
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Unread 03-19-2011, 09:55 PM   #3
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My guess is it's just a short term drop. The number of beef cattle on feed is at it's lowest since 1958. I am guessing that by this summer you could see a sharp rise in beef prices. Just my oppinion.
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Unread 03-19-2011, 10:35 PM   #4
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My neighbor is a store director for a Brookshires and he told me beef prices won't be going down anytime soon.
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Unread 03-20-2011, 12:15 AM   #5
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I spoke with the owner of a burger joint (national franchise) today who said that his supplier told him to expect a rise in beef soon.
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Unread 03-20-2011, 10:34 AM   #6
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I personally think short term drop in wholesale, nothing at the retail level, and long term rise.
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Unread 03-20-2011, 11:20 AM   #7
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Quote:
Originally Posted by jbrink01 View Post
I personally think short term drop in wholesale, nothing at the retail level, and long term rise.

That's probably right. The lower price will allow to whole sellers to recoup money previously lost, or to make a temporary better profit. Frankly speaking, I'd be okay with that, keeps more people working and more choices out there.
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Unread 03-21-2011, 11:06 AM   #8
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Feed costs up, corn & fuel costs up and escalating global demand. Beef will stay up.
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