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Q-talk *ON TOPIC ONLY* QUALITY ON TOPIC discussion of Backyard BBQ, grilling, Equipment and just outdoor cookin' in general, hints, tips, tricks & techniques, success, failures... but stay on topic. And watch for that hijacking.


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Unread 12-14-2012, 07:40 PM   #1
Big Ace
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Default News Article-Beef prices may hit record high in 2013

Interesting article, didn't realize how we had a "severe to exceptional" drought. So will pork and crop prices increase too?

http://economy.money.cnn.com/2012/12.../?iid=HP_River

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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.
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Unread 12-14-2012, 07:48 PM   #2
Boshizzle
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It's an easy fix.

Stop growing food (corn) to be burned in our cars, drill for oil in the country with the most oil under the ground in the world. Those two things would reduce shipping costs and cattle feed costs thus reducing the price of poultry, pork, and beef not to mention every other thing we eat.

But, that makes too much sense in today's world of hope & change. Besides, so many people "feel good" about saving the world by burning food as fuel in a world full of hungry and, in some cases, starving people. They are saving the world, you know.
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Unread 12-14-2012, 07:57 PM   #3
SouthernSauceBoss
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Quote:
Originally Posted by Boshizzle View Post
It's an easy fix.

Stop growing food (corn) to be burned in our cars, drill for oil in the country with the most oil under the ground in the world. Those two things would reduce shipping costs and cattle feed costs thus reducing the price of poultry, pork, and beef not to mention every other thing we eat.

But, that makes too much sense in today's world of hope & change. Besides, so many people "feel good" about saving the world by burning food as fuel in a world full of hungry and, in some cases, starving people. They are saving the world, you know.
I second the corn portion of this comment, don't have an opinion one way or the other this minute on the drill for oil portion. I'd also like to add that I wouldn't buy into what anyone from any financial firm says about price fluctuations in a field that firm deals in
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Unread 12-14-2012, 09:55 PM   #4
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We're going that way for a hoast of reasons I won't expand on, but Bo has it exactly right! Everything will be more expensive.
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