- Joined
- Mar 7, 2018
- Messages
- 52,769
- Reaction score
- 14,515
- Location
- Lower Mainland of BC
- Gender
- Male
- Political Leaning
- Centrist
From the CBC
A new study commissioned by the Beef Farmers of Ontario suggests cattle farmers aren't necessarily cashing in on high beef prices at the butcher counter.
Since the pandemic began in March of 2020, the price of beef has risen significantly, from as little as six per cent for a kilogram of ground beef, to as much as 24 per cent for some premium cuts of steak, such as prime rib, according to data from Statistics Canada.
While customers are getting sticker shock at the grocery store or restaurant, the share of the price increase for farmers like Belinda Bowman, the owner of BB Cattle Co., based outside of Lucan, Ont., are getting lost somewhere between field and plate.
"If you look at that, I wouldn't say that we have gained 25 per cent in terms of animals we're butchering for wholesale," she said, noting the cost of a bushel of corn, a key ingredient for feeding cattle has risen 40 per cent over the last year.
"Like everything right now, our costs have also gone up."
...
Between 2016 and 2021, the study suggests, the price of cattle stayed relatively flat, increasing by only 2.8 per cent, while over the same period, the price of wholesale beef rose 27 per cent, or, a rate nearly 10 times as high.
COMMENT:-
Does anyone know if the same phenomenon occurred in the US?
A new study commissioned by the Beef Farmers of Ontario suggests cattle farmers aren't necessarily cashing in on high beef prices at the butcher counter.
Since the pandemic began in March of 2020, the price of beef has risen significantly, from as little as six per cent for a kilogram of ground beef, to as much as 24 per cent for some premium cuts of steak, such as prime rib, according to data from Statistics Canada.
While customers are getting sticker shock at the grocery store or restaurant, the share of the price increase for farmers like Belinda Bowman, the owner of BB Cattle Co., based outside of Lucan, Ont., are getting lost somewhere between field and plate.
"If you look at that, I wouldn't say that we have gained 25 per cent in terms of animals we're butchering for wholesale," she said, noting the cost of a bushel of corn, a key ingredient for feeding cattle has risen 40 per cent over the last year.
"Like everything right now, our costs have also gone up."
...
Between 2016 and 2021, the study suggests, the price of cattle stayed relatively flat, increasing by only 2.8 per cent, while over the same period, the price of wholesale beef rose 27 per cent, or, a rate nearly 10 times as high.
COMMENT:-
Does anyone know if the same phenomenon occurred in the US?
