Wine'ing Butcher "Sticker Shock"

[baygo]

Originally Posted by MeredithMan

We have always been big fans of Wine'ing Butcher and have always been willing to pay the extra $ for their meats, as they are definitely better quality than the supermarkets.

Today I popped in to get some NY Sirloins for the fam for tonight's Father's Day dinner. The price card for the Sirloins read, "$24.99/ib". I thought, "gee, that must be mis-labeled...they're usually somewhere in the mid-teens per pound...that must be the price for the Prime Sirloins". Then I looked at the Prime Sirloin price and that was $29.99/lb. Then I looked at the steak tips, and they were all $19.99/lb. What the hell? Are they price-gouging for Bike Week or something? It was $85 for 3 steaks!

I then noticed on the top of the meat case a sign they had put up that was entitled, "Sticker Shock", and it explained that they have had to raise their prices due to national labor shortages, increases in transportation costs, meat-plants being understaffed, etc, etc

I want them to make money so they can stay in business, but a 40% or so price increase all at once is huge. I'm not sure I can justify spending that kind of dough for meats unless it is a special occasion.

A short time ago you contributed to a Thread I started about inflation and the price of beer. Those wine-.n-butcher prices for beef will intern affect prices of beer.

https://www.winnipesaukee.com/forums...ad.php?t=26697

[thinkxingu]

Originally Posted by baygo

A short time ago you contributed to a Thread I started about inflation and the price of beer. Those wine-.n-butcher prices for beef will intern affect prices of beer.

https://www.winnipesaukee.com/forums...ad.php?t=26697

Among the things I am not savvy is product pricing, relationships, etc. Can you explain how beef prices will affect beer prices?

Also, as best I know, the increase in prices is the result of a series of setbacks—JBS cyberattack, leftover pandemic issues, increased exporting, etc.—combined with increased demand. I don't usually associate those types of events with inflation per se, but rather temporary glitches vs. long-term ratios of production vs. buying costs.

Finally, we saw meats bump in price almost one year ago as well, though most of how people discussed it was a simple recognition that factories closing/slowing down from Covid reduced the amount of product on the market. Why is this moment any different?

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[phoenix]

We will see if this spike is transitory or long term over next six months

[CK5 Truck]

Just remember folks, good isnt cheap and cheap isnt good, if everyone keeps avoiding the smaller stores owned by local people because of the cheaper prices at the big box stores, when the competition disappears then all we will have left is expensive AND not good...

[MeredithMan]

Originally Posted by CK5 Truck

Just remember folks, good isnt cheap and cheap isnt good, if everyone keeps avoiding the smaller stores owned by local people because of the cheaper prices at the big box stores, when the competition disappears then all we will have left is expensive AND not good...

I think it depends on the product or service and your personal preferences. Certain things I would never compromise on quality and price...tires for my car; healthcare; Things like this I don't care what it costs to get the best. For me, meat does not fall into this category. I suspect it's different for each person...

[codeman671]

A week ago I paid $22.99/lb for marinated tips at Johnsons on Route 11 on the way up. I promised my carnivore 11 year old some steak for dinner.

$105 later.....

[FlyingScot]

Originally Posted by thinkxingu

Among the things I am not savvy is product pricing, relationships, etc. Can you explain how beef prices will affect beer prices?

Also, as best I know, the increase in prices is the result of a series of setbacks—JBS cyberattack, leftover pandemic issues, increased exporting, etc.—combined with increased demand. I don't usually associate those types of events with inflation per se, but rather temporary glitches vs. long-term ratios of production vs. buying costs.

Finally, we saw meats bump in price almost one year ago as well, though most of how people discussed it was a simple recognition that factories closing/slowing down from Covid reduced the amount of product on the market. Why is this moment any different?

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I disagree--you're savvy!

We will not really know for another year or so, but the fundamental debate among economists on inflation today is whether we are seeing temporary hiccups such as you list above or a real underlying inflation driven by The Fed's push for low interest rates and deficit spending by government.

Great piece on this in the Times today. (I know some Republican pen pals do not like Paul Krugman, by he is a Nobel laureate, and this particular column lays out Think's question very clearly)

https://www.nytimes.com/2021/06/21/o...biden-fed.html

[Descant]

1 Fake meat? I know a long term vegetarian (not vegan) who says that fake meat is so close to real, she still can't eat it.
2. If transportation expense is a factor, buy local. Farmer's Markets often have locally grown beef/buffalo/Bison. I think there's a butcher shop at the Jct of Rt 106 and 129(?) that specializes in local including Bison.
3. Once the water is boiling a lobster cooks in about the same time as a thick steak, and nobody gripes about cooked enough, not enough, etc.
4. As you move to other meats, beef prices will come down. That pork, above, sounds really good. When the Wine'ing Butcher features turkey, you'll know.

[ITD]

Originally Posted by Descant

1 Fake meat? I know a long term vegetarian (not vegan) who says that fake meat is so close to real, she still can't eat it.
2. If transportation expense is a factor, buy local. Farmer's Markets often have locally grown beef/buffalo/Bison. I think there's a butcher shop at the Jct of Rt 106 and 129(?) that specializes in local including Bison.
3. Once the water is boiling a lobster cooks in about the same time as a thick steak, and nobody gripes about cooked enough, not enough, etc.
4. As you move to other meats, beef prices will come down. That pork, above, sounds really good. When the Wine'ing Butcher features turkey, you'll know.

The Wine'ing butcher has turkey tips now, pretty good stuff.

[baygo]

Originally Posted by thinkxingu

Among the things I am not savvy is product pricing, relationships, etc. Can you explain how beef prices will affect beer prices?

Also, as best I know, the increase in prices is the result of a series of setbacks—JBS cyberattack, leftover pandemic issues, increased exporting, etc.—combined with increased demand. I don't usually associate those types of events with inflation per se, but rather temporary glitches vs. long-term ratios of production vs. buying cost.
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The people who sell the beer will raise their prices so the can buy the expensive beef. This is called a spiral of inflation. It’s not just the beef that is rapidity increasing. Blame what ever you want. This is a perfect storm.

[Biggd]

Originally Posted by baygo

The people who sell the beer will raise their prices so the can buy the expensive beef. This is called a spiral of inflation. It’s not just the beef that is rapidity increasing. Blame what ever you want. This is a perfect storm.

It won't end until prices get so high that people stop spending, then starts the spiral dowmward.

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[LIforrelaxin]

Come on folks this is all because of fake news is leading to fake Meat prices, that eventually spiral into fake Beer prices..... Politicians all say they can make it better, but then they have to raise their fake Salaries, so that they can eat fake meat, and fake beer while watching the fake news.....

[ITD]

Originally Posted by LIforrelaxin

Come on folks this is all because of fake news is leading to fake Meat prices, that eventually spiral into fake Beer prices..... Politicians all say they can make it better, but then they have to raise their fake Salaries, so that they can eat fake meat, and fake beer while watching the fake news.....

There was one politician who did a pretty good job managing gasoline prices, acted when prices started getting too high, acted when prices started getting too low. I marveled at it because I thought it couldn't be done.

And that's all I have to say about that.

[thinkxingu]

Originally Posted by ITD

There was one politician who did a pretty good job managing gasoline prices, acted when prices started getting too high, acted when prices started getting too low. I marveled at it because I thought it couldn't be done.

And that's all I have to say about that.

Not sure what narrative you're trying to create, but here are the average gas prices for the last whatever years: https://www.eia.gov/dnav/pet/hist/Le...TE_NUS_DPG&f=M.

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[ITD]

Originally Posted by thinkxingu

Not sure what narrative you're trying to create, but here are the average gas prices for the last whatever years: https://www.eia.gov/dnav/pet/hist/Le...TE_NUS_DPG&f=M.

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Thanks for posting this..... as I said.

[FlyingScot]

Originally Posted by thinkxingu

Not sure what narrative you're trying to create, but here are the average gas prices for the last whatever years: https://www.eia.gov/dnav/pet/hist/Le...TE_NUS_DPG&f=M.

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Look closer--he's praising Bill Clinton for keeping gas prices almost impossibly flat over 8 years. I had not appreciated this before

[ITD]

Originally Posted by FlyingScot

Look closer--he's praising Bill Clinton for keeping gas prices almost impossibly flat over 8 years. I had not appreciated this before

No, I didn't look back that far, but Clinton wasn't too bad after he lost congress and was hamstrung.

I'm more interested in the last 10 or so years and that pronounced spike at the end. Hopefully the US producers are able to overcome the pressure to annihilate them and keep us from $4 - $5 or worse gas and heating oil. Time will tell.

I'm done now, if you want to respond more, go back and read my posts on this again for your answer. Take care.

[thinkxingu]

Originally Posted by ITD

No, I didn't look back that far, but Clinton wasn't too bad after he lost congress and was hamstrung.

I'm more interested in the last 10 or so years and that pronounced spike at the end. Hopefully the US producers are able to overcome the pressure to annihilate them and keep us from $4 - $5 or worse gas and heating oil. Time will tell.

I'm done now, if you want to respond more, go back and read my posts on this again for your answer. Take care.

You mean that section where demand skyrocketed at the end of the pandemic, one of the major refineries was cyberattacked, seasonal use increased, and the dollar's value was insecure?

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[FlyingScot]

Originally Posted by ITD

No, I didn't look back that far, but Clinton wasn't too bad after he lost congress and was hamstrung.

I'm more interested in the last 10 or so years and that pronounced spike at the end. Hopefully the US producers are able to overcome the pressure to annihilate them and keep us from $4 - $5 or worse gas and heating oil. Time will tell.

I'm done now, if you want to respond more, go back and read my posts on this again for your answer. Take care.

I know--I was only teasing you on Clinton to illustrate that it's kind of silly to look at the gas price chart and make a political case.

Back to the point of the thread--a huge number of prices are askew due to COVID disruptions--beef, real estate, gasoline, interest rates, stock market. All of these have been unusually disrupted, so it's very difficult to assert a real trend.

[jeffk]

Originally Posted by Biggd

It won't end until prices get so high that people stop spending, then starts the spiral dowmward.

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And yet, real estate prices are in the stratosphere, and supply is almost nonexistant. Houses are put up for sale with insane markups and snapped up in a day.

I would agree that at some point a limit might be reached but where that point is ... ?

It's a bad time to HAVE TO buy something; crazy prices and long delays for products. People who are able to will hunker down and let the storm pass.

[thinkxingu]

Originally Posted by jeffk

And yet, real estate prices are in the stratosphere, and supply is almost nonexistant. Houses are put up for sale with insane markups and snapped up in a day.

I would agree that at some point a limit might be reached but where that point is ... ?

It's a bad time to HAVE TO buy something; crazy prices and long delays for products. People who are able to will hunker down and let the storm pass.

I'm wondering if home sales have hit the wall—there are two or three in my area that have been on sale for a couple weeks now whereas for a while there you'd never even see a sign because they'd sell before any sales work was really done.

Anyone else seeing this?

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[joey2665]

Originally Posted by thinkxingu

I'm wondering if home sales have hit the wall—there are two or three in my area that have been on sale for a couple weeks now whereas for a while there you'd never even see a sign because they'd sell before any sales work was really done.

Anyone else seeing this?

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Yes it has slowed down a bit. Partially it’s summer and partially some have overpriced trying to cash in on the boom.


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[Biggd]

Yes, i'm seeing this in my neighborhood also. The prices are sky high and I think people are balking now.

Originally Posted by thinkxingu

I'm wondering if home sales have hit the wall—there are two or three in my area that have been on sale for a couple weeks now whereas for a while there you'd never even see a sign because they'd sell before any sales work was really done.

Anyone else seeing this?

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