With US beef prices soaring to record highs, you might think that South Dakota cattle rancher Eric Gropper would be celebrating.

Yet while the cost of the meat in US supermarkets is now 12% higher than it was a year ago, a rise more than three times the rate of general inflation, Gropper says that he and all the other beef farmers aren’t making any more profit than usual.

  • WesternInfidels@feddit.online
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    2 days ago

    In other words, in spite of a worrying amount of consolidation, the beef market is (for now) still a functioning, competitive market, and the players within it do not have the power to unilaterally increase their margins. Huh.

    I wouldn’t tell you that Impossible Foods’ “Ground Beef From Plants” is exactly like real ground beef. But it’s pretty good. Unfortunately it’s not cheap, either.

    • Noxy@pawb.social
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      22 hours ago

      Costco often sells Impossible Burger patties for a pretty decent price. Way better than grocery store prices.

      Sucks when they stop selling it tho, so we tend to stock up on the things, usually have two 10 packs in the chest freezer

    • chuckleslord@lemmy.world
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      2 days ago

      No, it means the monopoly exists at the meat processing step. Owning all the land for cattle raising was expensive, so investors targeted the processing step instead, fucking over both the ranchers and the consumers.

      • WesternInfidels@feddit.online
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        2 days ago

        …you might expect that those four [meat processing] firms are currently making huge profits from high beef prices. Yet the opposite is happening. Tyson, the biggest of the four, reported in May that it had lost more than $500m on beef in the first half of its financial year. Again, it might be selling its beef for record highs, but it is also buying the cattle at all-time peaks.

    • Buddahriffic@lemmy.world
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      2 days ago

      For ground meat, I’ve been going with pork, chicken, and turkey. You don’t even have to drain them after browning usually (more so the poultry, though I’ve found ground pork is much leaner than beef, too). Price-wise they’ve all been creeping up and pork isn’t that far behind beef (even saw a few times where the pork was the same price as the beef) but chicken/turkey are usually a few bucks cheaper per package.

      • IamSparticles@lemmy.zip
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        2 days ago

        My wife and I cut way back on red meat a few years ago, on doctors’ recommendations. So yeah, we use a lot of ground turkey and chicken.

    • FirstCircle@lemmy.ml
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      2 days ago

      I wouldn’t tell you that Impossible Foods’ “Ground Beef From Plants” is exactly like real ground beef. But it’s pretty good. Unfortunately it’s not cheap, either.

      This is all that I buy when I want something ground-beef-like for cooking. It’s not cheap (not super-expensive either) but it’s highly uniform and the taste and texture are fine with me. There used to be one or two other brands of plant-based “beef” at Winco but now there’s only “Impossible” so I’m curious about what’s going on in the artificial meat part of the market.