#groundbeef week 4 comparison:
Store: $12.99/lb (No Change)
Live cattle: $2.15/lb (DOWN 1.74%)
Not a huge change this week. BUT I can tell y’all this from the front lines:
#diesel prices are WAY up nationwide. Meaning filling our tractors up daily is putting a MAJOR DENT in any possible profit to be had by cattle ranchers/farms. You take
#diesel prices UP AND live prices down by 1.74% and it’s an approx 4-5% decline to the bottom line for ranchers/farms this week.
AGAIN: 4 STRAIGHT WEEKLY LOSSES to ranches/farms. Not that I expected it to be any different. 🤷
What stings the most is seeing not only the rancher take a loss, but seeing these still overly inflated prices behind store counters. Both sides are losing at the moment. 😢
#Beef was not meant to be a luxury food for people. It should be affordable and available in the masses for all to enjoy. It’s a shame that the only folks benefiting here are THE BIG 4. What a SCAM!!!!
Buy from local ranches 🇺🇸
Support your community 🏠
Demand change 👊
See ya next week-
The Elkins Family. ❤️