Amount of Beef From North Dakota
In almost five decades of raising cattle, Frank Matejcek hasn't seen prices every bit high as they are today.
That'due south due in part to a decreasing number of beef cows in parts of the U.S. Matejcek, who runs the Ruby-red River Angus farm north of Grand Forks with his married woman Lucy, noted that cattle are like any other commodity that goes through price cycles.
"Nosotros're just enjoying ane of the college cycles," he said.
While national numbers are down, Due north Dakota has been able to largely avoid the drought conditions that have helped reduce herds in southern states. In fact, the number of beef cows increased in North Dakota last year.
But that doesn't mean local meat market place owners or consumers are immune to price increases. That'due south because beefiness is traded on global markets, meaning prices will follow larger trends.
"Only considering we are fortunate and accept more than (beef cows) in North Dakota does not mean our prices for beef would be less here," said Tim Petry, a livestock marketing economist for NDSU's extension office. "Our prices parallel U.Due south. prices."
Beef cows totaled more than 29 million across the country on Jan. 1, downwardly 1 pct from a year prior, co-ordinate to the U.South. Department of Agriculture. Due north Dakota, meanwhile, saw a ii.iii percent increment in beef cows, up to 943,000.
Price jumps
Most retail prices for beef are at record highs fifty-fifty after adjusting for aggrandizement, co-ordinate to the USDA. The price for ground beef has increased by 29 percent in the by 2 years, chuck roast has increased by 15 percent, and sirloin steak has jumped 18 pct.
A pound of lean basis beef now costs about $five.36, according to the USDA.
Brian Holmer, owner of Michael'due south Meats in Thief River Falls, said some customers are adjusting by buying less beef or switching to cheaper cuts. They might also plow to other meats similar pork and craven.
"With beef prices going upwardly, yous plow around and that puts a strain on the pigs… and that price is going up," he said. "And that'll put a strain on chicken, and chicken'south going to beginning rise up."
"It's kind of a domino result when it comes to meat," he said.
A contempo Wall Street Journal article noted some national restaurants are raising prices or irresolute up their menus. JL Beers, which has a menu focused on burgers, chips and fries, hasn't had to change upwardly their menu despite college beefiness prices, co-ordinate to Lance Thorson, the chain'southward role-possessor.
"Nosotros've tried to maintain the same pricing and stuff throughout," Thorson said. "Beingness that nosotros have a pretty simple menu nosotros oasis't skimped on portions or sizes."
Inventory decline
A recent USDA report cited increasing beefiness exports, apartment imports, and a prolonged drought in the south equally reasons for high beef prices.
"The drought in Texas and Oklahoma has worsened somewhat in the last month, providing further complications for the beefiness production industry," a June USDA report stated. The beef cow population decreased past iii pct and two percent in the previous two years, co-ordinate to written report Petry wrote in March.
Six of the top ten beef cow-producing states saw decreases in their herds. The largest decrease took identify in the biggest beef cow producer: Texas. The Lone Star Land went from five.03 million beef cows in 2011 to iii.91 in 2014, according to Petry's report.
Droughts can limit the size of a herd past reducing the available pasture or hay, Petry said.
"Prices accept been high enough that would encourage them to maintain their herds just they just physically tin can't because they don't have the forage to exercise so," Petry said.
North Dakota became the ninth-leading beef cow state in 2014, up from 13th in 2010. Jason Zahn, president of the North Dakota Stockmen's Clan, said he expects North Dakota'southward numbers to go along to climb, even if the national figures decrease.
Petry said consumers can expect to see higher beef prices for at least another year.
"It's a very tedious process to rebuild herds," he said.
Source: https://www.grandforksherald.com/business/wheres-the-beef-in-north-dakota
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