Hey C.B. Has anyone else noticed a big increase in the cost of food lately ? Healthy eating has been incredibly expensive lately and the price of meat I mean good meat is ridiculous beef and turkey for example I paid $56 for a turkey and I wanted a nice steak and it costed me $28. Good time to be a butcher I guess . SaltyDawg
Actually as a butcher, our margins are lower than they were over a year ago.
The price of our raw materials has drastically increased.
The bullshit you hear on the news about only 3% meat increase makes me laugh my ass off.
Before covid I could buy inside rounds for $2.99 per pound. Last week which was average was $4.29 -$4.59 depending on supplier.
Ribeyes were $9.99 per pound are now are $15.99.
Remember this is cost price, I’m not including trimming, packaging or labour, nevermind electricty which has increased about 15% and gas to heat the store.
Before the carbon tax scam my monthly power bill was about $1300 in the summer, but after price increases and carbon tax, it’s now a bit over $2000.
How I am making my money is thru volume. But for volume you need lots of staff. Good fucking luck with that one because they are paying people enough to not work.
$56 is a good price. The air chilled range fed antibiotic free ones are $3.69 a pound.
I don’t know if I’m going to bother selling turkeys this Christmas. I pay $3.30 a pound to buy them. I need to rent a truck to store them because I don’t have enough cooler space and that’s $500, nevermind if it’s really cold then I need to pay power to heat the truck so they don’t freeze.
Truthfully, I made better profits in 1995 than I do now. I make more money now because I have well over 100,000 people shop at my store a year now, where it would not have been half that back then.
It’s tough for all of us, covid made a mess and the govt printing and spending money like drunken teenagers is causing huge inflation. It’s going to get worse. With gas price increases, all meat comes in a truck, prices will increase another 10%, add on another carbon tax increase and it will raise another 3-4%.
Vac bags we package in doubled in price last week. Thank god I always have a years stock on that (I think of it as an investment, the price never goes down, so if there is a deal I buy)
Truthfully I’m concerned. But I have a plan of meat gets way too high, I’ll become the ungraded shit meat discount store. I’ve worked in big commercial plants, I know how to make garbage taste good for cheap. I’d just rather sell good product.