Posted by JD Seller on June 21, 2015 at 09:38:11 from (208.126.198.123):
MY wife is visiting relatives for a few weeks. So I am baching it. She does just about 100% of the shopping for food/household "stuff" . I just keep the checkbook stocked. LOL
Last Wed. a few childhood friends called saying they would be in the area and they wanted to come an visit. So I invited them to come for supper. I did not have much of anything thawed out so I just went to town to buy some things for a nice meal. The local store has very good quality meat. So they had these real nice inch thick rib eye steaks. I got four, one for each of us. Then some nice large baking potatoes. Some milk and cheese, bread, just normal basic food stuffs other than the steaks. When I check out the total was $82!!!! Just two little bags too. WOW I know the wife just spends maybe twice that for a weeks worth of food for the both of us. Now she would rarely be buying any meat as we have it in the freezer. Still the total kind of shocked me.
When I got home I looked over the bill some more to see what everything cost. It was the meat, potato salad and mac/pea salad that cost $55 of the total. The meat was the biggest cost of this group as well, $42. So it was over $10 each for the steaks. WOW
I can afford this on a limited basis, like this time being a special occasion. We could not afford to buy beef regularly at the prices it is selling for right now. So are we beef producers cutting our own throats for long term consumption??? There is no way a normal household could afford much beef in their diet at these prices. I looked in the store yesterday as I was doing this weeks shopping, you can buy pork and chicken for half what beef is costing. So will the current prices switch the average consumer's buying habits for the future??? I know it did in the late 1970s when higher food prices and inflation strapped the average consumer. It took years for the beef consumption to come back up.
I know that the beef producers need to recover from some blood letting years of high feed prices, coupled with drought and other economic hardships. We still need to worry about the long term effects of high price swings on both sides of the equation. $11 dollar a pound steaks are not good for the consumer. $500 week old dairy bottle calves is not good for producers either. This is kind of like the $15K per acre/$500 dollar rents and $7 dollar corn throwing a monkey wrench into grain production.So will the high prices of today make for longer lows during the next cycle???
PS: I should call and see what the coverage my insurance has on the contents of the freezers. Maybe they have refrigerated safety deposit boxes at the bank???? LOL
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