Are beef prices getting ready to rise substantially?

May 5th, 2023

If so, maybe it’s time to take a look at locking in your beef costs.


Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

I was reading an article on Reuters today by Tom Polansek titled Shrinking US cattle herd squeezes meatpacker profits.  

According to the article, “The U.S. beef cow herd is the smallest since 1962 as a result of drought and high feed costs that drove producers to send animals to slaughter instead of keeping them for breeding. Paying more for cattle cuts into the meatpackers’ profitability. They will likely try to pass on costs to customers, charging more for ground beef and steaks at a time of high inflation, analysts said”.

So just maybe it’s time to look at locking in your beef costs.

At SafeSourcing our savings average over 24% better than what companies can do on their own most of the time. It may not be that high on commodities, but we can help.

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. That includes our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.

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