If you are planning to include beef on the menu when you grill this summer (ie, if you aren't a commie,) then this thread is intended to offer periodic price outlooks. We want you to get good deals.
Beef is really expensive now, and I wouldn't stock up at the moment. We had a huge corn crop last year, but the quality of the corn was really poor, and nobody realized it until it was too late to price it into the market. As a result, gains were smaller and slower, and slaughter weights have been lighter, which means less beef available than was anticipated.
Retailers are holding off, waiting for prices to come down and just buying what they need for the week instead of stocking up. Prices should begin to break by mid May. Hold off to stock up until June or July. Last year, retail beef dropped 3% from April to July. If fundamentals change, then I'll try to post a heads up before a price increase hits the retailers.
Happy grilling.
Beef is really expensive now, and I wouldn't stock up at the moment. We had a huge corn crop last year, but the quality of the corn was really poor, and nobody realized it until it was too late to price it into the market. As a result, gains were smaller and slower, and slaughter weights have been lighter, which means less beef available than was anticipated.
Retailers are holding off, waiting for prices to come down and just buying what they need for the week instead of stocking up. Prices should begin to break by mid May. Hold off to stock up until June or July. Last year, retail beef dropped 3% from April to July. If fundamentals change, then I'll try to post a heads up before a price increase hits the retailers.
Happy grilling.
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