20 Ribeyes for $40 Scam

They were posted up in the Menards parking lot in Ankeny last weekend. The amount of people there was mind boggling.
 
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KIOA was advertising all about this - they are spending money trying to get the word out, and I guess I do feel.... something... for those who buy these.
 
I assume they're all associated with each other? They all seem to have similar trucks and deals.

It's probably some Mystery Meat Pyramid Scheme, praying on the old and naive.
 
That Ottumwa theft was in Sept, 2022. That would be pretty old and freezer burn by now.
I noticed last night my bottle of vanilla expired in 2022. Still seems fine. Maybe even aged better. Probably different than meat.
 
So what? I paid $16 for a shi@@y burger, fry and soda at Burger King. Who knows what was in it.

Are these ribeyes even beef?
 
KIOA was advertising all about this - they are spending money trying to get the word out, and I guess I do feel.... something... for those who buy these.
Yup, local radio will take any advertising dollars and they also post it all over social media. It 100% is a pyramid scheme/scam. Doesn't help either when you drive by and there is a line for it to bring walk up interest too. I really wonder if any of the local media here that were advertising it (I also heard one of the personalities on 92.5 KJJY talking about it last weekend) actually ever purchased these to realize they are promoting meat that is probably around dog food grade in quality.

I guess we shouldn't be surprised anymore just how many suckers there are in our society when people fall for all kinds of email phishing scams or those who call claiming they are from the IRS, Microsoft, car warranties, etc. that all kinds of people fall for and get swindled out of money and more all the time. People in general are too trusting and a slick salesperson/scammer can read people and take advantage.
 
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A substantial portion of my meat intake is venison. Gun prices are up. Ammunition is up. Gas prices are up. Hunting clothing is up, not to mention license fees on top. Add the mandatory 4 wheel drive pickup and the processing fees at the locker or time required to process your own. Good beef is cheap :):)
 
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So what? I paid $16 for a shi@@y burger, fry and soda at Burger King. Who knows what was in it.

Are these ribeyes even beef?

Had to check to see if BK was even still a thing - and you can get a large double whopper meal for $14, wtf you spending $16 on??
 
The main reason beef prices are as high as they are right now is the US beef population has declined over the years and is at a 75 year low. This video kind of explains the current situation.

USDA - National Agricultural Statistics Service - Charts and Maps - Cattle: Inventory on January 1 by Year, US



The problem is you can't just build up a herd inventory overnight, it takes several years. And the most economical way to do that right now is retain more replacement heifers in existing herds, but with beef prices where they are at right now some producers are probably making more profit off sending some of those females to the feedlot for slaughter than they are having to pay input/operational costs on them for another 2 years before they see income from their 1st calf. It's rather expensive right now to go out and start a herd too if you are going to go buy heifers or bred cows and a bull. The saying is you should pay about what you could sell 3 steers for to buy a good bull. Well with beef prices these days that could be a $10,000 bull right now. Bred heifers are probably going for $3500-5000 a head right now, bred cows depending on age probably $2500-4500. That is a lot of initial investment for someone if they were starting an operation from scratch, especially considering all the equipment and inputs you'd need to invest in as well. Even for existing cattlemen you may not turn a profit on a bred female you purchased until you sell their 2nd calf.

3 years to grow the herd: Starting from the moment the market shifts to make growing the herd (keeping heifers around) more attractive, which isn't the case right now. Who knows when that will turn.

Long story short, market isn't changing much for at least 3 years.
 
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One of my favorite memories of an older retired couple who were pretty well to do was them telling me the story of visiting a neighborhood bar in florida and finding out a guy was selling meat out his trunk in the parking lot. They bought a bunch. I said "you bought hot meat!". They said no it was in coolers.
 
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