Aces High Bulletin Board
General Forums => The O' Club => Topic started by: Wolfala on November 30, 2007, 01:52:27 PM
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Anyone notice that a New York steak went for about $7.99 a lb about 10 months ago, and now I can't find it for less then $14 per lb? Whats with that?
Wolf
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Cows on strike?
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Originally posted by Wolfala
Anyone notice that a New York steak went for about $7.99 a lb about 10 months ago, and now I can't find it for less then $14 per lb? Whats with that?
Wolf
Corn
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I just bought a bunch of Buffalo... grass fed locally, cheaper, leaner and I think better than commercial beef.
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the cow union is demanding better pay and conditions, medical benifits being one of them
Cant blame em i get $2500 per limb...:)
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Cattle auctions in AZ. are seeing fewer head of cattle for sale. The ranchers aren't allowing the herds to grow. Feed and fuel costs are hurting their bottom line.
The corn issue is going to raise prices on anything even remotely related to corn. That happens to be quite a few items. The ethanol craze is having quite an effect on the economy. Until they stop using a food item to make it it will only get worse.
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Originally posted by Wolfala
Anyone notice that a New York steak went for about $7.99 a lb about 10 months ago, and now I can't find it for less then $14 per lb? Whats with that?
Wolf
3 primary reasons:
Holiday demand
Grain costs
Fuel prices
http://www.rfsdelivers.com/MarketReports/pdfview.aspx?ID=1&Date=November+21%2c+2007
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Double whamy. Increase in fuel costs and increase in feed costs=you get screwed at the checkout.
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The corn issue is going to raise prices on anything even remotely related to corn. That happens to be quite a few items. The ethanol craze is having quite an effect on the economy. Until they stop using a food item to make it it will only get worse.
What's odd, is that corn prices are far out in front of what should be typical supply and demand forces (just like $100 bbl crude). There are indications that while natural market forces are at work, the reactions are extreme leading to an increased call to look at the role speculators are playing.
BTW, there is so much ethanol in the market prices tanked to where it was (might still be) cheaper per wholesale gallon compared to gasoline (which is also very expensive now, of course).
Charon
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Originally posted by Wolfala
Anyone notice that a New York steak went for about $7.99 a lb about 10 months ago, and now I can't find it for less then $14 per lb? Whats with that?
Wolf
global warming
did you think the methane gas diffusers were going to be free?
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Originally posted by Holden McGroin
I just bought a bunch of Buffalo... grass fed locally, cheaper, leaner and I think better than commercial beef.
Great eating. Good for us cholesterol magnets also. :)
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The problem with cows, is that they do not efficiently metabolize grass. Yes, they *can* eat grass, but usually as a last resort. Other plants make them grow much faster and fatter, like alfalfa (a high protein clover) and of course corn. Cows that are grass-fed have very tough meat with very little (or no) marbling.
Buffalo on the other hand can eat and metabolize grass very well. But the downside is that buffalo take seven years to become fully grown. I believe a cow takes about 18 months. Buffalo also have a much higher amount of omega-3 fatty acids than cows, due to their diet of grasses rather than grains.
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Originally posted by AquaShrimp
Yes, they *can* eat grass, but usually as a last resort.
:rofl
Don`t quit your day job.
:aok
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:noid
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Shrimp,
Cattle can't efficiently metabolize grass?!?!?!?!
:rofl :rofl :rofl :rofl :rofl :rolleyes:
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The real breakthrough will come when Al Gore finds out that you can make ethanol from beef. That way we'll be taking MOST of our food and converting it into really expensive stuff that we just light on fire anyhow.
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Cows are expensive cuz...
Texans don't like to eat their pets.
:p
Mac
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Been a couple beef recalls, as I recall. Noted one company filed for bankruptcy after taking back a million pounds or so. Hard to imagine that much meat wasted.
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Welcome to inflation.
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it's not "inflation", it's monetary expansion.
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Originally posted by AWMac
Cows are expensive cuz...
Texans don't like to eat their pets.
:p
Mac
hahaha.. Got fed horse sushi in Japan a few weeks ago.
Actually quite tasty with soy sause.
No, I am not kidding... wasn't told what it was till I ate it.
Woman newscaster here locally said off the cuff this week on camera that she noticed vegtables had doubled in price... her co-anchor sorta suched her up and they broke for commercials... whatcha think is up with that?
Is inflation now like a tree falling in the woods?; if no one talks about it, it isn't happening?
TIGERESS
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Speculators have certainly over-hyped the market, as they always do. There will always be another commodity overblown in a continuous cycle. If it isn't copper, it's silver. If it isn't platinum, it's wheat.
The US rush to ethanol is impacting foreign shipments of corn severely, which will increase the trade imbalance even more. Even wheat prices have increased 10% from farmers replanting corn and a decrease in wheat supply. Japan is a major importer of US corn and wheat, but the supply has been cut to a trickle now.
Inflation is underreported by the government. The statistical method used to calculate inflation was changed a few years ago. Prices for consumer products increase every year, but the government reports a flat price because the new models have "new features that enhanced value." For example, if you buy the same model car next year as you have this year, the price may have gone up 8%, but the government says there is no inflation because it has more "value."
The greatest inflation has been in BS.
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Dont forget the cost of fertilizer that has gone sky high. Cant grow corn without fertilizer
Phosphate last year was $280 a ton, right now its about $500/ton
Potash was $220/ton, now $450/ton
Nitrogen $325/ton, now over $500 a ton
Reason for the increase? Since the dollar amount per bushel of corn and wheat has gone sky high, they raise prices to line their pockets with money (all profit too)
Gotta pay more for fertilizer, add the cost to the grain products and pass it on.
For example, lets say a 40 acre corn plot needs 175 lbs/acre of phosphate and potash spread.
Phosphate at $480/ton = $1680
Potash at $450/ton = $1575
Add another $1000 (rough guess) for nitrogen sidedressing in the spring
Thats over $4000 just for fertilizer alone, not counting spraying pesticide, weed killer, etc.
In all honesty, fertilizer corporations and importers are just as bad as the oil companies. They can charge whatever they want for fertilizer and not care how high it is. They know the farmers need fertilizer to grow crops so they sit back and collect the many millions on profits that they pocket.
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Reason for the increase? Since the dollar amount per bushel of corn and wheat has gone sky high, they raise prices to line their pockets with money (all profit too)
The main reasons for the price increases are:
1. Fertilizer is made largely from natural gas. The price of natural gas has gone up sharply.
2. The US imports most of its fertilizer. The dollar has gone down, which means the fertilizer costs more.
3. Increased fuel costs means the fertilizer costs more to transport.
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All this time I though fertiliser came gushing forth from the mouths of politicians:confused:
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BTW around AUD$7/kg for grain fed rump steak here at the moment :p
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economy is in the tank. the dollar is worth about .60 . bizness sucks right now for a lot of people. the malls are complaining how slow it. my bizness is slow..