Wal-Mart buys only choice beef
Wal-Mart Sets Prices Sizzling For Choice Beef
This is why I am switching from Holsteins to Angus for 2012.
SL
Wal-Mart Sets Prices Sizzling For Choice Beef
BY MARSHALL ECKBLAD AND MIGUEL BUSTILLO
The massive buying power of Wal-Mart Stores Inc. is driving the wholesale price of choice beef to a nearly eight-year high as the retailer stocks its refrigerator cases for the first time with higher-quality cuts.
The price of choice beef, which has been building for much of the fall, confounded ranchers, beef wholesalers and futures traders. Cattle prices already were rising as a historic drought in Texas shrunk supplies. Still, only choice beef was getting more expensive, while select—a lower-grade cut—was becoming cheaper.
Enter the Wal-Mart effect. The retailer confirmed this week that it has rolled out choice beef
This is why I am switching from Holsteins to Angus for 2012.
SL