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Old 01-19-2007, 11:02 AM   #1
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Cost Of Ribeye...

does anyone know why the price of ribeye steak has more than doubled in the past 2 years?

i remember paying $3.99/lb about 2 years ago...now its almost $9.00/lb (and these are costco prices!!)

what happened?? i can no longer afford to eat my fav. meal

what does ribeye run per lb in your area?

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Old 01-19-2007, 11:20 AM   #2
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Beef prices have been climbing regularly for some time. I see similar increases for sirloin strip and tenderloin, though not double.

As to why they have been raising prices, because they can.
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Old 01-19-2007, 11:28 AM   #3
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Yup, beef has been increasing in price for quite a while now. I don't even want to talk about how much veal has gone up. Veal bones for stock... bones... cost more than skinless boned chicken breast in my neck of the woods.

Another oddity is the price of chicken wings. I can buy whole chicken at $0.69/lb, but chicken wings are $1.69/lb here! I like using packs of wings for stock (along with any bones I freeze ahead), but lately it's been getting kinda expensive to do so.

Even less-expensive braising cuts are getting out of control. Chuck and Round roasts are up around $3/lb!
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Old 01-19-2007, 11:34 AM   #4
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DH just bought a whole ribeye the other day, on sale for $5.99 a lb. A few years back, they were sometimes $4.99 on sale, but it's been a long time since they were $3.99.
The $9.00 price is actually pretty reasonable compared to the regular prices I've seen around here.

The high gas prices have a lot to do with the increasing cost of our food. It costs more to get it to the market now.

Nick, the price of chicken wings is ridiculous. Before the popularity of Buffalo Wings, wings could be bought for 15 cents a lb.
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Old 01-19-2007, 11:44 AM   #5
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When you buy a steak or two, it will be in the range of $8-9.99/lb. on a regular non-sale day--or even more. I don't believe I have ever seen ribeye much under $4.99/lb unless you were buying the entire 3 feet of it!! And maybe not then.
I buy it when on sale (as Constance says, about $5.99 these days) in a roast form and then can either use it as a roast or cut up into steaks if I want to.
As for chicken wings, it's all about Buffalo wings!! Used to be trash--now it is TREASURE for the appetizer market. Just look in the frozen food case for the number of appetizer wings there are in there--supply and DEmand.
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Old 01-19-2007, 12:15 PM   #6
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CanDoCook hit it right on the head. If it's popular, it's expensive. Beef is still the prefered meat in the U.S. and Canada and so comands a higher price than does pork or chicken. It is partly a prestige thing. You feel good about yourself when you can serve steak to someone. Add to that the cost of fuel increases and you see feel the results as your wallet or pocket-book is lightened.

When fuel goes up, it literally affects everything. the cost of producing feed goes up as the the increased fuel costs for the farm equipment is passed to the rancher. Then there's the cost of the machinery used to support the cattle, including transportation. The cost of electricity to run the processing plants increases, and is also passed to us. And finally, there's simple greed.

The costs of producing pork and poultry have similarily risen, but have not affected those products nearly as much as they have beef. And I can't say for sure, but it just doesn't add up in my mind.

A perfect example of the "supply and demand" dynamic is squid. It first hit my home town at about 75 cents per pound. Nobody around here knew what it was and basically went "yuck!". Then some people realized that it was squid that was transformed into the calimari they had eaten at the local Itallian restaurant. Suddenly, as people started purchasing it, the price jumped to over $4 per pound.

The only way to bring prices down is to boycott a product. And that is something that Americans seem unwilling, even unable to do. It is our only defense against exhorbitant cost, and is never applied. I will keep purchasing over-priced beef, and overpriced clothing, and overpriced everything else because I live in a semi-isolated area that has to have most products shipped in from somewhere else. And just like every other American, I will not boycott the car industry as I need my vehicle to get to work, to do my job, and to get me anywhere I need to go. The winters here are unrelenting, and the distances long. And yet, this is where I choose to live, in a small town, with fewer amenities than are offered in more metropolitan areas, and fewer violent crimes, etc. We live in the society we created. And we do little, as a society, to put pressures for true better life quality on employers, on polliticians, on the captains of industry, etc. We are a content people, riding our contentment into oblivion.

I just realized how cynical all of that sounds, even if it's true. So I apologize for the cynicism, but let stand what I posted as something to think about. And now, I'm going to find a thread that will help lift my spirits, and in which I can maybe do the same for someone else.

Seeeeeeya; Goodweed of the North
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Old 01-19-2007, 01:25 PM   #7
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Actually Goodweed you are right on the money as to price increase...It all goes back to fuel prices...From the fuel in the tractor that produces "feed" for livestock...(even the seed and fertilizer to grow it) to the kitchen table...all along the line...everyone has to increase prices to maintain profit margins due to higher fuel /production/transportation/labor/etc. cost...and the beat goes on....

Rib-eyes (choice) here are 7.99 to 8.99 lb. for steaks cut & wrapped at the local groceries. 5.99 for whole rib-eyes on sale...however after the cut and trim at home I am not sure I am saving that much..I don't throw any of it away as I use the excess fat, tails, etc for fat in deer grind. So all in all....a good deal for me. There is one retailer that advertises whole rib-eyes for 4.99 at times...but it is "select" beef...so I don't go there.

Chicken wing prices perplex me also...Just doesn't add up!

I can remember briskets selling everyday for 99 cents...that was before people learned how to cook them and they became a fad...(way back when)

Also chuck-eyes...we could hardly give then away..then gradually they caught on...so now they also run 4.99 lb. and higher.

Enough........
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Old 01-19-2007, 01:47 PM   #8
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Uncle Bob--the appetizer wing thing is the reason. I am appalled at what wings cost!! But I am buying them to make the very appetizer that has made the demand raise the price!!
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Old 01-19-2007, 02:09 PM   #9
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Quote:
Originally Posted by Candocook
Uncle Bob--the appetizer wing thing is the reason. I am appalled at what wings cost!! But I am buying them to make the very appetizer that has made the demand raise the price!!
No doubt....we all like our "wangs"
I know there are addtional labor/packing cost envolved...but somehow I smell a rat on the retail price of wings...Maybe if we boycott wings...
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Old 01-19-2007, 02:51 PM   #10
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Quote:
Originally Posted by Goodweed of the North


The only way to bring prices down is to boycott a product. And that is something that Americans seem unwilling, even unable to do. It is our only defense against exhorbitant cost, and is never applied.

Seeeeeeya; Goodweed of the North

Am I the only one here who remembers, as well as participated in, the 1973 beef boycott? Boy, I love a good boycott. I supported this boycott for well over 3 years, even though it was only to last one week.

This is the first article I came to about it...

Rising Clamor for Tougher Price Controls -- Monday, Apr. 16, 1973 -- Page 1 -- TIME

Rising Clamor for Tougher Price Controls

Monday, Apr. 16, 1973
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adSetTarget('_blank'); htmlAdWH('93224389', '88', '31'); adSetType('');

A NEW Majority formed in the U.S. last week, and it was hardly silent.

Its platform: bring down food prices. From one end of the country to the other, consumers joined a boycott against meat, and both retailers and middlemen began to take a roasting. Some packing houses shut down, 20,000 meat-industry workers were laid off, and beef, pork and lamb sales dropped by as much as 50% in supermarkets.
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