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Thread: Beef Prices

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    Beef Prices

    How high can beef prices go? (Don’t ask) - Omaha.com
    The U.S. cattle herd, hammered by several years of drought in the Southern Plains, is at its smallest numbers since 1952 — three years before Ray Kroc opened his first McDonald’s Corp. hamburger stand. Higher feed and fuel costs also are driving up beef prices.
    Meanwhile, export demand, aided by a comparatively weak dollar and the waning of the Mad Cow Disease scare, has recovered to pre-2003 levels. Cattle futures on the Chicago Mercantile Exchange have climbed 16 percent in the past year, outpacing most other investments. The Livestock Marketing Information Center predicts record beef prices for this year.


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    Re: Beef Prices

    Good time to own cows, and be able to have your own beef in the freezer.




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    Re: Beef Prices

    How long does it take for a calf to go to cow and able to get to the market? What is the average cost/day for feed per cow?



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    Re: Beef Prices

    Quote Originally Posted by twojman View Post
    How long does it take for a calf to go to cow and able to get to the market? What is the average cost/day for feed per cow?
    If you think you can do it yourself cheaper... you most likey can't. Buying feed in small quantities and all the other associated costs such as vet, trucking, locker, etc will make it more expensive.

    Also, raising your own means you have to eat everything including the lesser quality steaks and roasts. Buying meat allows you to buy exactly what you want to eat. Check out your local Fareway, they usaully have outstanding meat departments.



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    Re: Beef Prices

    Quote Originally Posted by twojman View Post
    How long does it take for a calf to go to cow and able to get to the market? What is the average cost/day for feed per cow?
    What are you trying to get out of the answer to your question, that could help answer it.

    THere are about a million different ways to answer that question depending.

    Also, we dont eat cows.



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    Re: Beef Prices

    Quote Originally Posted by intrepid27 View Post
    If you think you can do it yourself cheaper... you most likey can't. Buying feed in small quantities and all the other associated costs such as vet, trucking, locker, etc will make it more expensive.

    Also, raising your own means you have to eat everything including the lesser quality steaks and roasts. Buying meat allows you to buy exactly what you want to eat. Check out your local Fareway, they usaully have outstanding meat departments.
    Not to mention you have no where to put it, nothing to feed it. No way o take care of ect. I always laugh (and i know thats mean) but we always have city people move out to the country and by some pigs or cattle or something and a year later they are either dead or have gained about 20 lbs lol.



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    Re: Beef Prices

    Quote Originally Posted by twojman View Post
    How long does it take for a calf to go to cow and able to get to the market? What is the average cost/day for feed per cow?
    How big do you want the steer or heifer to be?

    Going to a Cow is different you know. Cows are Mothers to Calves. And definitely different in terms of quality of the cuts of beef.

    Generally a calf destined for the feedlot takes anywhere from 12 to 18 months from birth to be ready to market. Add in the 9 months of gestation. And you have a long time. As far as feeding out a steer or heifer, a feedlot does it much more economically than you ever could. Unless you are equipped to handle the feeding of a steer or heifer and are knowledgeable, I would advise against it.

    Butchering your own steer at a locker generally costs more IMO than buying the wholesale cuts at a grocery store like a Fareway. But you know what you are getting. I am not a fan of grass fed cattle. I prefer grain fed choice beef. And unless you are the type to use ALL cuts from a butchered beef it may not be the best option for you. Remember also that the Packing Plant that sells the wholesale meat to your Grocer in Boxed Beef form has economy of scale in processing the animal and also in utilizing all the parts of the beef such as the hide that have a value. Your local butcher can not be expected to compete and process your beef that cheaply.



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    Re: Beef Prices

    Quote Originally Posted by bringmagicback View Post
    What are you trying to get out of the answer to your question, that could help answer it.

    THere are about a million different ways to answer that question depending.

    Also, we dont eat cows.
    Actually we do eat cows. But generally they are ground into hamburger as their better cuts are not that great IMO.



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    Re: Beef Prices

    Quote Originally Posted by twojman View Post
    How long does it take for a calf to go to cow and able to get to the market? What is the average cost/day for feed per cow?

    It takes around 15 months for a newborn calf to make it to market weight, or 1200-1400lbs.



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    Re: Beef Prices

    Quote Originally Posted by Stormin View Post
    Actually we do eat cows. But generally they are ground into hamburger as their better cuts are not that great IMO.
    Obviously, I was being sarcastic because I hate when people use the word cows to refer to cattle on a general basis.



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    Re: Beef Prices

    FYI-I just picked up 1/2 hog at the locker yesterday. 150 lbs. live weight (my half), total cost of purchasing the hog + the cost of processing was $189. The other half went to the neighbor. If you want to experience local locker with local producer, call any locker and they will arrange to make this happen with a beef or a hog. You can purchase a 1/4 or 1/2 carcass beef and this would be what I would suggest for a "first time consumer". If you start with a 1/4 or 1/2 you can judge what you and the wife and/or kiddies will consume over a period of time and it won't cost you an arm and a leg. Meat out of a locker tastes better in my view due to "hang time" primarily and it helps the local locker and local producer which is a "warm fuzzy"!



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    Re: Beef Prices

    Quote Originally Posted by bringmagicback View Post
    Obviously, I was being sarcastic because I hate when people use the word cows to refer to cattle on a general basis.
    Kind of like when I refer to my *****. Love that dog.

    EDIT: Stupid a****otting filter


    Last edited by Boxerdaddy; 06-14-2012 at 10:09 AM.

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    Re: Beef Prices

    Thanks for the info, I was right in my thinking from calf to market.

    No, I am not going to up and start a cattle ranch or anything. My uncle raises cattle but not a lot of them. I do not see him very often so I wanted info. I was wondering what type of investment it would take to ramp up production on his farm. I know he has plenty of land to use to increase production. A majority of the time they are grain fed, years ago we would get a 1/4 from him and the taste was much better than store purchased beef.



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    Re: Beef Prices

    Quote Originally Posted by twojman View Post
    Thanks for the info, I was right in my thinking from calf to market.

    No, I am not going to up and start a cattle ranch or anything. My uncle raises cattle but not a lot of them. I do not see him very often so I wanted info. I was wondering what type of investment it would take to ramp up production on his farm. I know he has plenty of land to use to increase production. A majority of the time they are grain fed, years ago we would get a 1/4 from him and the taste was much better than store purchased beef.
    With the prices of feeder cattle right now and I assume your lack of access to grain and hay, the cost would not be worth it.

    You could buy more cows (im assuming he has cows?) but then you are looking at a very long length of time before you would see cash flow and def not a profit.

    Go to your locker and buy some.



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    Re: Beef Prices

    I got a half a beef from my brother last winter. Thought I paid enough then, but looks like it's higher now. We still seem to eat plenty of it despite the high prices. Pork and poultry are good second options. I'm a little surprised we haven't seen more of a shift to those meats in restaurant menus.

    The other thing I don't notice in the press that much is how old most beef producers are. Lot of them are going to retire in the not so distant future. I think there are a lot of opportunities for young beef producers right now.



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