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Why is beef so expensive?
(Cdonahey41) wrote in
:
> The price went way up before the mad cow problems/ Since there is
> lot of beef that can no longer be exported, this should indicate
> the price of beef will go down. You know greater supply, lower
> price kind of reasoning. I just paid $3.29 for ground chuck
> recently.
>
> Does anybody know why the price of beef has skyrocketed? I
> presume people have been buying less, and would buy more if the
> price went down.
Same thing happened in Canada last summer. Farmers couldn't sell beef
except at rock bottom prices, but the stores and restaurants were not
having a fire sale...they were charging high, sometimes much higher
than usual, prices. Unfortunately, I didn't check the organic butcher
shop. That would have told me if it was a trend or just gouging (which
in a kapitalyist ekonomiya, is sometimes one and the same anyway :-) ).
--
"I'm the master of low expectations."
GWB, aboard Air Force One, 04Jun2003
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