Wednesday, January 04, 2012

QUITCHER BEEFIN'
'BOUT FOOD PRICES

Rancher friend of a friend reminisced about the days in 1973 when President Nixon put a freeze on beef prices because a corn shortage had led to a beef shortage, and prices were going sky-high.

The market price for an Angus calf at the time of the freeze: 18 cents per pound. That's not a very high sky, compared to today's prices.

Today's market price: $2.06 per pound, which, for a 629-pound heifer calf, comes to $1,295.74.

Zowie! Tend to think that the beef prices we're seeing now aren't ANYTHING like what they're going to be. Yikes! Put things in perspective, all right.
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