Steak lovers might be catching a bit of a break at the checkout line. According to the Wall Street Journal, beef prices are declining.
Prices of beef, typically among the costliest grocery store purchases, are falling after more than a year of increases, as consumer demand softens for some cuts. Supplies are improving due to better staffing at meat plants, and supermarkets are offering more discounts on rib-eye, New York strip and other often-expensive products.
Scorching temperatures this past week have put swaths of the U.S., especially in the South and West, under excessive-heat warnings and advisories. The hot weather is hitting during an important period of the Midwest crop-growing season, analysts said, and just as some commodity prices ease amid concerns about global food supplies.
Eat, drink, and be merry, for tomorrow will be costly.
Geoengineering
"tomorrow will be costly"
I might just buy another freezer. :)
The other day (actually month) at the WalMart meat counter, I checked the price on three Rib-Eye steaks and they were $62 and change.
I remarked to the guy next to me that "We should have all been cattlemen."
He went on to tell me about a segment on Glenn Beck where the "Cattlemen" were hurting.
"Well at least they're eating." I told him.
He looked at me and said "Retired?" I nodded. "What did you do?" he asked.
"Drug dealer, but it's OK, I was licensed in three states." I replied.