NFU asks “Where’s the beef (profits)?”

The National Farmers Union has renewed its call for an inquiry into profits in beef marketing and processing.

In an NFU release, Rimbey, Alta. rancher Iain Aitken said he recently had a cull cow custom-processed, yielding $1,233 in stewing and ground beef when valued at local retail prices. Aitken said the animal would only have sold for $340 at current auction prices, compared to former values of $700 or more.

“The Canadian retail price of hamburger today is around $2.75/lb., up from the $1.75/lb. it was 10 years ago. In that 10 years, however, the price of cull cows at auction has halved — clearly something is wrong,” Aitken said in the release.

After processing, the beef was donated to the Bissell Centre in Edmonton and the Calgary and Rimbey Food Banks.

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