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[–] 99 points 1 year ago (8 children)

Retail beef prices are soaring, but I can tell you from the other end, auction sale prices of market weight steers sure as fuck hasn't gone up that much.

Lot of squeezing happening in the middle somewhere. Curious, that one.

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  • [–] 1 point 1 year ago (1 child)

    I dont want to sound condescending but this is pretty simple economics.

    If you tax imports then vendors of local products will increase prices to match the imported goods.

    The market for local beef is an oligopoly with only a few buyers, so it's easy for them to manipulate the price.

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  • [–] 1 point 1 year ago

    The market for local beef is an oligopoly with only a few buyers, so it’s easy for them to manipulate the price

    That's an oligopsony, not an oligopoly which would have only a few sellers.

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  • [–] 35 points 1 year ago (1 child)

    We noticed this when we went to a Texas Roadhouse. Their restaurant prices for steaks hadn’t gone up hardly at all and seemed very surprisingly reasonable, whole beef at the grocer is painful.

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