pknoeber - 10/3/2016 11:37

Well, there's a local grocery store that has a "Cost + 10%" business model. They put what their purchase cost is, add 10% to it and that's consumer cost. Chicken breasts were on special at $0.95/lb + 10% and bottom round was on special for $2.33/lb + 10%.

It's not a problem selling all the steaks at 10 bucks, but bottom round is a cut that I would call more of a "family cut" and by that I mean it's broken down into meals that a family would cook at home. So, family of 4, 1/4 lb of meat a day, is 7 lbs a week for the supper meal. $7.32 for the chicken and $17.95 for the beef. $10/week difference... for the low value beef cut and a decent piece of chicken. Put an $8/lb steak supper in there, and it goes even further.

I'd say beef demand has been extraordinarily strong given the pressure the other meats put on it.