A Surplus Of Meat And Dairy Puts A Strain On U.S. Markets And Storage

MAJ Eugene Chu - When there is a surplus of product coupled with steady demand on the market, the price goes down. That's Economics 101. Apparently someone forgot to tell the wholesalers, shippers and the retailers. The beef supply is high, yet the price at the market continues to rise, which leads one to believe the middle men and the retailers are once again taking the consumer to the cleaners. And I'm only referring to beef and other meats, not dairy. I'm the shopper in the house and I see: prices reflected in the stores indicate pork and chicken prices are still low to very affordable (with the exception of specialty cuts) at this point in time. Beef, however, is priced in the ridiculous category and continues to rise. The beef prices should be dropping to reflect the surplus.

texasfarmbureau.org/beef-prices-forecast-low-2019/