05-04-2013, 02:55 PM
This is not going to help my personal Consumer Price Index.
Read the whole article here>>> http://www.reuters.com/article/2013/05/0...XP20130503
this is the closest I could come to a cow driving an Escalade http://www.youtube.com/watch?v=Scnkv7XGKS8
US beef prices set new high as spring barbecue season heats up
Fri, May 3 2013
By Theopolis Waters
CHICAGO May 3 (Reuters) - U.S. wholesale beef prices rose to an all-time high on Friday as the delayed spring grilling season is heating up and as supermarkets buy meat for the May 27 U.S. Memorial Day holiday weekend, commonly seen as the unofficial start of the summer cookout season, analysts said.
The cold soggy start to spring put outdoor cookouts on hold throughout most of April, but temperatures are seen climbing in the coming weeks, prompting grocers to stock up for a seasonal bump in sales of steaks, burgers and other cookout favorites.
--
The U.S. Department of Agriculture on Friday reported the wholesale price for choice beef, commonly called the cutout, at $201.68 per 100 lbs (cwt), eclipsing the previous record of $201.18 set on Oct 16, 2003.
--
Record-high wholesale beef prices could increase even more the lofty beef prices at grocery stores, analysts said.
--
The average retail beef price in March hit a record $5.30 per lb, surpassing the previous record of $5.15 in November, according to the government's Economic Research Service.
----
A prolonged dry spell in the U.S. southwest, which followed a historic drought in the Plains, damaged pastures. The lack of moisture drove up feed costs and shrunk the herd to its smallest in 61 years.
Read the whole article here>>> http://www.reuters.com/article/2013/05/0...XP20130503
this is the closest I could come to a cow driving an Escalade http://www.youtube.com/watch?v=Scnkv7XGKS8
US beef prices set new high as spring barbecue season heats up
Fri, May 3 2013
By Theopolis Waters
CHICAGO May 3 (Reuters) - U.S. wholesale beef prices rose to an all-time high on Friday as the delayed spring grilling season is heating up and as supermarkets buy meat for the May 27 U.S. Memorial Day holiday weekend, commonly seen as the unofficial start of the summer cookout season, analysts said.
The cold soggy start to spring put outdoor cookouts on hold throughout most of April, but temperatures are seen climbing in the coming weeks, prompting grocers to stock up for a seasonal bump in sales of steaks, burgers and other cookout favorites.
--
The U.S. Department of Agriculture on Friday reported the wholesale price for choice beef, commonly called the cutout, at $201.68 per 100 lbs (cwt), eclipsing the previous record of $201.18 set on Oct 16, 2003.
--
Record-high wholesale beef prices could increase even more the lofty beef prices at grocery stores, analysts said.
--
The average retail beef price in March hit a record $5.30 per lb, surpassing the previous record of $5.15 in November, according to the government's Economic Research Service.
----
A prolonged dry spell in the U.S. southwest, which followed a historic drought in the Plains, damaged pastures. The lack of moisture drove up feed costs and shrunk the herd to its smallest in 61 years.
