Bismarck Restaurant Plans Ahead As Beef Prices Rise - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Bismarck Restaurant Plans Ahead As Beef Prices Rise

Posted:

Beef prices are sizzling upwards.

"Basically you have to get a second mortgage if you want a pound of hamburger," says one local woman.

In the United States there are around the same number of cows today as there were in 1951.

A representative from the North Dakota Beef Commission says fewer cows and more consumers brings higher prices.

"It's definitely a function of supply and demand. And because drought and feed cost issues all over the country we're seeing the cow herd, which is our factory be significantly reduced," says North Dakota Beef Commission Executive Director Nancy Jo Bateman.

But, the Peacock Alley restaurant in Bismarck plans ahead to keep prices down.

"We have been working with the North Dakota Beef Commission and the National Cattleman's Association for the last couple years and we saw this coming a couple years ago," says Peacock Alley owner Dale Zimmerman.

They restaurant has been choosing newer beef cuts like Teres Major, which Zimmerman says is about as tender as a fillet for about half the price.

"We have been working on unique beef cuts that are still high flavor high in tenderness but in lower prices per pound."

Although the restaurant hasn't raised prices in over a year he says that may change...

"It's something that we're probably gonna have to look at in the near future. Especially heading into the fall when it's expected another spike is gonna happen."

He says the restaurant has absorbed cost increases and worked smarter in other areas to keep prices lower for customers...

"We've been doing a lot of things negotiating with vendors without suffering on the quality end just trying to figure out how to get through this next couple years with really, really high prices."

But, he says planning ahead has made a big difference.

Last year the restaurant won the National Beef Innovator of the Year award.

  • BusinessMore>>

  • US economy forecast to grow by 1.5 percent in 2014

    US economy forecast to grow by 1.5 percent in 2014

    Wednesday, August 27 2014 10:48 AM EDT2014-08-27 14:48:56 GMT
    The Congressional Budget Office says the U.S. economy will grow by just 1.5 percent this year - hurt by a poor first-quarter performance.
    The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.
  • IMF chief Lagarde under investigation in France

    IMF chief Lagarde under investigation in France

    Wednesday, August 27 2014 10:48 AM EDT2014-08-27 14:48:51 GMT
    IMF chief Christine Lagarde says she is under official investigation for negligence in a French corruption probe that dates back to her days as finance minister.
    Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as France's finance minister.
  • 3 ways insurers can still avoid covering the sick

    3 ways insurers can still avoid covering the sick

    Wednesday, August 27 2014 10:39 AM EDT2014-08-27 14:39:24 GMT
    By TOM MURPHY AP Business Writer Insurers can no longer reject customers with expensive medical conditions thanks to the health care overhaul, but there's still wiggle room for them to...
    By TOM MURPHY AP Business Writer Insurers can no longer reject customers with expensive medical conditions thanks to the health care overhaul, but there's still wiggle room for them to discourage the...
Quick Clicks
Closings/Delays
View list
Calendar
What's happening?
Lottery Results
Feeling lucky?
Viewer Photos
Submit yours!
Road Report
Current conditions
TV Listings
See what's on
Gas Prices
Check near you
E-Mail Newsletter
Signup now

Most Popular

Stories
Videos
loading...
Powered by WorldNow
General information or questions:
kxinfo@kxnet.com

News:
Bismarck:
Phone: 701-223-9197
News Fax: 701-223-1985

News:
Minot:
Phone: 701-852-2104
News Fax: 701-838-1050
All content © Copyright 2000 - 2014 WorldNow and KXNET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.