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submitted 5 days ago by MicroWave@lemmy.world to c/news@lemmy.world

With US beef prices soaring to record highs, you might think that South Dakota cattle rancher Eric Gropper would be celebrating.

Yet while the cost of the meat in US supermarkets is now 12% higher than it was a year ago, a rise more than three times the rate of general inflation, Gropper says that he and all the other beef farmers aren't making any more profit than usual.

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[-] ptc075@lemmy.zip 23 points 4 days ago

This is one of those points that's been really bothering me lately. Seriously, pick an industry, and then think about who actually does the work. Farmers, Teachers, Nurses, Construction workers, Musicians, Machinists... The folks doing the work are poorer than they've ever been, and yet somehow those services cost more than ever. Where is the money going?

[-] LodeMike@lemmy.today 6 points 3 days ago* (last edited 3 days ago)

Various businesses have been bought up at varying rates since the 80s. It's basically monopolization but vertically. Private equity squeezes money out.

[-] modus@lemmy.world 13 points 4 days ago
[-] NotBillMurray@lemmy.world 6 points 3 days ago

Also bribes, I mean PACs and lobbying campaigns.

[-] cymbal_king@lemmy.world 92 points 5 days ago

The details the article covers are interesting, but not one mention of what is causing record droughts and how the industrial cattle industry contributed to the climate crisis. The end of the article made it seem like a return to normal for the cattle industry is inevitable, but it really is not a sustainable feature of our culture.

[-] MrSulu@lemmy.ml 6 points 3 days ago

**Middlemen! (Fat cats) ** Ensuring that the producers work flat out to break even and that consumers are working flat out to pay for produce. Ultra-capitalism working as intended.

[-] Madzielle@lemmy.dbzer0.com 39 points 5 days ago

I buy beef like once a year, if that. Its too expensive, horrible for the environment, and honestly, after so much time without it, I dont ever crave it.

This is good news to me. Reduce the market. I made a roast veg dish last night for supper using lentils and einkorn (a grain). My husband refuses the fake meat products, but has no problem with lentils, beans, and the uncommon grains I use.

[-] Cosmonauticus@lemmy.world 15 points 5 days ago

I have seen cases of climate experts saying instead pushing large scale veganism a more realistic idea is just eating A LOT less beef. Outside of a random cheese burger I dont eat much myself. Don't want to end up constipated like Hank anyway

[-] Madzielle@lemmy.dbzer0.com 14 points 5 days ago

yeah exactly.

I am not vegan. Not even close. I used homemade chicken stock to cook those lentils and grains last night. But incorperating more plant based foods into ones diet isnt a bad idea. The bean is so powerful.

[-] infinitesunrise@slrpnk.net 8 points 5 days ago* (last edited 5 days ago)

Is that because of the cultural kneejerk reaction to veganism? Kind of how people agree with the concepts of socialism and communism until you use those words in front of them?

[-] taj@lemmy.world 3 points 4 days ago

It's a lot easier to cut back on beef and other animal products than to eliminate them completely. It's a lot easier to eat vegetarian or vegan options when available instead of feeling the need to read labels and refuse to eat food at friends, family and other gatherings entirely.

[-] FatVegan@leminal.space 6 points 4 days ago

Probably. It's the whole: let people enjoy things. But their enjoyment is pretty fucking sick.

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That's the problem with the politics of the USA One group wants higher prices of meat, and gas. Laws about safe working conditions. Environmental laws about dumping chemicals.
Second group wants lower prices on everything, wants bigger trucks, bigger houses, overseas vacations 4x year, eat more meat.
Though they both complain, they're complaining about two incompatible things.

[-] Madzielle@lemmy.dbzer0.com 2 points 3 days ago

absoFuckinglutely

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[-] Big_Boss_77@fedinsfw.app 10 points 4 days ago

Farmers don't aim for profit on paper... the way the tax code works for farms is they have to be "profitable" but "$1 is profit". The way to judge farmer success, look at all the "expenses" they've "acquired for the farm". Check our what year and trim package their truck is, or when they last got a new large purchase like land or an additional herd or new tractor/implement and you'll figure out that most of them aren't hurting too bad and are loving the cost of beef.

Granted, this is all anecdotal evidence from growing up with and around beef farmers and still keeping an ear on the business. Your mileage may vary.

[-] Paddzr@lemmy.world 2 points 4 days ago

This ain't the case in UK, you get taxed on your lands worth, including machinary, life stock and the house itself.

No you don't. That's a deliberate misreading of a (proposed. Is it in place yet?) inheritance tax change as being an ongoing tax. It is not.

Don't believe everything Jeremy Clarkson says, he literally bought tgat farm to dodge inheritance tax and is on record saying so.

[-] Soggy@lemmy.world 1 points 3 days ago

You should believe very little of what Clarkson says, he's a professional buffoon.

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[-] catharso@discuss.tchncs.de 22 points 5 days ago

afaik it's because the cattle demand more money now for selling their bodies.

[-] Mihies@programming.dev 8 points 5 days ago

How selfish of them, they apparently don't care about DOW at all

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[-] Ripley_Tripley@lemmus.org 17 points 5 days ago

Despite the dilemma of drought and disease, no one is also mentioning how a lot of our materials that are being used to take care of the cattle are imported from another country. The vehicles, fencing posts, barbed wire, possibly medicine, parts for the vehicles, etc. Part of it costing more from buying materials to take care of the cattle, nothing is barely made in house and if it is, its once again coming from somewhere else to take care of what little product they have.

[-] switcheroo@lemmy.world 4 points 3 days ago

Idc, whatever bad things happen to them is deserved since they voted for it.

[-] Itdidnttrickledown@lemmy.world 5 points 4 days ago

Not with that huge sponge absorbing all those profits. The middle men AKA the capitalist are not going to let anyone else make a profit.

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[-] ColeSloth@discuss.tchncs.de 8 points 4 days ago

Somebody is a damned liar. I know a few different small cattle ranchers (like 10 to 30 cows). They are absolutely making more.

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[-] ayyy@sh.itjust.works 6 points 4 days ago

That’s a whole lot of words to describe what we knew as fact hundreds of years ago: tariffs are always inflationary.

[-] WesternInfidels@feddit.online 8 points 5 days ago

In other words, in spite of a worrying amount of consolidation, the beef market is (for now) still a functioning, competitive market, and the players within it do not have the power to unilaterally increase their margins. Huh.

I wouldn't tell you that Impossible Foods' "Ground Beef From Plants" is exactly like real ground beef. But it's pretty good. Unfortunately it's not cheap, either.

[-] chuckleslord@lemmy.world 12 points 5 days ago

No, it means the monopoly exists at the meat processing step. Owning all the land for cattle raising was expensive, so investors targeted the processing step instead, fucking over both the ranchers and the consumers.

[-] WesternInfidels@feddit.online 8 points 5 days ago

...you might expect that those four [meat processing] firms are currently making huge profits from high beef prices. Yet the opposite is happening. Tyson, the biggest of the four, reported in May that it had lost more than $500m on beef in the first half of its financial year. Again, it might be selling its beef for record highs, but it is also buying the cattle at all-time peaks.

[-] noxypaws@pawb.social 2 points 3 days ago

Costco often sells Impossible Burger patties for a pretty decent price. Way better than grocery store prices.

Sucks when they stop selling it tho, so we tend to stock up on the things, usually have two 10 packs in the chest freezer

[-] Buddahriffic@lemmy.world 5 points 5 days ago

For ground meat, I've been going with pork, chicken, and turkey. You don't even have to drain them after browning usually (more so the poultry, though I've found ground pork is much leaner than beef, too). Price-wise they've all been creeping up and pork isn't that far behind beef (even saw a few times where the pork was the same price as the beef) but chicken/turkey are usually a few bucks cheaper per package.

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This is just a long and drawn out way of saying “the meat industry is undergoing a lot of supply-side shocks”

[-] Tollana1234567@lemmy.today 3 points 4 days ago

arnt we mostly importing beef anyways.

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this post was submitted on 10 Aug 2026
332 points (99.7% liked)

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