It is rather frustrating to see sky high beef retail prices when the producer's market is flat.
I forget what current packer profit margins are but it's sickening.
Figure I have been hearing is 400%.
Last article I read, said the packer is selling a prime steer for around $3200. The farmers was getting about $1800 for the animal. The article said the packer would historically make about $400 per head for processing the animal, not $1400.