This is something ongoing. It's coming primarily from refineries. One in Texas that closed down in the freeze in the winter and one in Louisiana after the hurricane. Then Covid fueling the problem you described. Pretty quick refineries will be shutting down to switch over to winter mix. Yes, it's having an effect on prices, but for meat other factors are at work as well. I noticed that this spring, less calves feeding in the Flint Hills. A huge chunk of it is fueled by Covid though. Lots of money chasing less product.. EON 101. This too shall pass eventually.P.S. you can lay blame for fuel prices squarely on the fuel industry itself. I deliver gas for a living, and all the old guys decided to use covid as a convenient time to retire when trucking companies needed to let drivers go with the reduced demand. Now that demand has resumed, the industry is desperate for drivers and gas stations are literally running out as a result. This drives prices up. If you live on the east coast, there is an additional level of stuff going on as people are/were hoarding with the pipeline hack issues.
So much for the 16 cents savings on a picnic .....I've noticed a big uptick in beef prices at Costco recently. Stupid CHOICE NY strips selling for $13/lb. Anyone else seeing the spike?
Fortunately HEB in Texas has it own local beef suppliers and processing. I figured I tuck away a few of these Wagyu London Broils at $7.99/lb for later. I tell ya, reverse seared, they are more tender and flavorful than any Choice NY Strip, especially at almost twice the price. This kind of marbling is unheard of on regular London Broil cuts.
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Those top stickers tend to fall off easily…. Sometimes before you reach the register even.Last week on Thursday I was in Walmart scanning meat prices, they had a prime rib for $72.00 around 5 lbs it was 11.** a pound. Last Tuesday I was there again, same prime rib was marked up to $16.** a lb. Price was $102.**. Just unreal.
P.S. you could still see the old sticker price under the new one.