Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Monday, July 18, 2011
Who Gets the Beef in 2011?
The USDA released the latest "meat prices spreads" this Friday afternoon, so we thought this was a good time to remember who gets the beef when it comes to the cattle market. The chart above shows the difference in price between the retail value of choice beef (in red) and the net farm value (in blue). The figures show the average cents per pound paid for choice beef at the retail level, and the net value retained by the farmer and rancher. Basically, you can see that there is a fairly large spread between what farmers and ranchers receive for a pound of beef and what retailers take in. Farmers received 46.3 percent of the retail value of a pound of beef. That's about what they got in 2005...more
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