Why has the price of beef gone through the roof?
Many of the cattle growing states have experienced severe drought for 3-4 years. As a result, about a year ago many ranchers were forced to sell all or most of their grass fed herd. The price of beef dropped slightly as the market was flooded with an over supply.
Now, there is a major shortage of beef as ranchers try to rebuild their herds. Consequently, the price has rocket straight up. I saw rib-eyes last week at $11.95 per pound.
Ranchers are caught in a world where cows with calves are at record prices. This drives the cost up for ranchers rebuilding their herds. As a result, beef production remains low and cost to the consumer remains high.
There is a bright spot here in Oklahoma. Parts of our state are close to being out of the drought and grass and hay are again plentiful. This will keep production costs down and the consumer might see some relief in a year or two.
"Pass the A-1 so I can put it on my pork chop and pretend it is a T-bone!"
SCROLL DOWN TO THE STORY ABOUT THE CLASS OF 1983 REUNION AT THE REEL 'EM INN MOTEL.
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