javajaws said:96ags said:StockHorseAg said:
I'm all for ranchers getting higher prices for their cattle but if the prices of beef keep climbing, it's going to price it's self out of the market and then there won't be any demand. When I look at the meat section at Walmart, two 16oz choice ribeye's are pushing $45. There's a lot of people struggling to put food on the table right now and they aren't walking into Walmart to buy $22 steaks and $5 a pound ground beef in my opinion.
Beef is quickly becoming a luxury good.
Data on consumer demand simply doesn't support this theory.
Beef prices as a percentage of income has been relatively stable and consumer demand has not decreased.
Sorry, but my own anecdotal evidence says otherwise as I am sure it does for others. I haven't bought a steak in who knows how long now because of the exorbitant prices. And I'm in the top 10% of earners in this country. If I wanted to buy some, I could - but I can't justify the price/value at current rates to myself. There are other things I would rather spend that money on.
I'm in the exact same boat. I used to cook steak all the time but I've completely stopped. I'll sit there and stare at that steak and price tag and I just can't bring myself to put it in the cart. It's just way too much money. I'll go get pork (which I love too).
Of course now I'm assuming pork prices will go crazy.
To the poster sharing the data, I know that data was generated by and evaluated by people much smarter than me and I'm sure they're right and I'm wrong. But the older I've gotten, the slower I am to believe what people are telling me vs what I'm watching with my own eyes.
Like I've always heard people say you don't lose any weight using artificial sweeteners vs real sugar. But when I switch from sweet tea to unsweetened tea with stevia, I lose weight every time. I know it's not what the science says, but that my honest experience that I've gained and lost weight with time and time again.
I wish it was true. I much prefer real sweet tea lol