Dein erstes Forum » The gains for beef o

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>Cheap beef is here for summer burgers, Taco Bell burritos

Posted by Manda on May 24th, 2016


Vegetarians aside, who doesn’t like cheap burgers?


Americans celebrating Memorial Day this weekend – the unofficial kick-off to summer and the grilling season – have one more windfall coming their way: the cheapest retail prices for ground beef in two years.


Bumper grains crops have reduced costs to feed animals Cheap Puma Rihanna , and cattle ranchers have been expanding their herds. That’s good news for consumers who will see beef prices drop as much as 2 percent this year as annual production increases for the first time since 2010, the U.S. Department of Agriculture predicts. Hedge funds are betting that the lure of low-cost meat will help stimulate demand and help cattle futures to rebound.


“We’re absolutely at what could be the peak usage season of the year,” said Don Close, Rabobank International’s St. Louis-based vice president of food and agribusiness research for animal protein. “This year has been somewhat frustrating just with so much rainy, cold weather Cheap Puma Shoes , particularly through that East Coast corridor. Expectations are there’s a lot of pent-up demand there, once that summer weather actually comes to bear.”


After the Fourth of July, Memorial Day is tied with Labor Day for the most popular occasion for barbecuing, according to the Hearth, Patio & Barbecue Association. More than 60 percent of grill owners will fire it up this weekend Cheap Womens Puma Fenty , the group estimates. Adding to the excuses to celebrate, it’s more than burgers that have gotten cheaper. An index of seven party staples that includes ice cream and potato chips is at the lowest level since August, according to retail prices compiled by Bloomberg. The measure is down 1.4 percent from this time last year.


It’s not just grilling enthusiasts who are benefiting from cheap beef. Taco Bell last month brought back its Beefy Crunch Burrito and the Cheesy Double Beef Burrito, both being sold for . “Favorable” costs for the meat will last through the rest of 2016, allowing Taco Bell to offer “aggressive” specials Cheap Womens Puma Slides , Greg Creed, chief executive officer of its parent company, Yum! Brands Inc., said in an April 21 earnings call.


The gains for beef output mark a reversal of the past several years. A U.S. drought parched pastures and sent feed prices soaring in 2012, forcing producers to cull the national cattle herd to the smallest since the 1950s. Retail ground-beef was at an all-time high as recently as February 2015. The herd numbers have since rebounded Cheap Womens Puma Creepers , reaching a five-year-high at the start of this year. Ample rains this spring have left national pasture conditions at the best for this point in the season in six years, USDA data show. Also, making it easier to add to production, corn and soybean prices have declined in the past three years, lowering feed costs.


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