Soaring Beef Costs Force Menu Changes at Iconic Texas Barbecue Joint
What happened
Butter's BBQ in Sinton, Texas, has removed brisket from its menu due to soaring wholesale beef prices. The restaurant owner, Andrew Soto, stated that the cost of brisket jumped by $1 per pound in a single week. To maintain the current pricing structure, the owner would have needed to raise the price from $37 to $51 per pound, a hike he was unwilling to implement.
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Why it matters
The cost increases are part of a broader trend affecting food service businesses across the country. According to a Bureau of Labor Statistics report cited in the reports, steak prices have risen by 4 percent, ground beef by 7.2 percent, and beef roast by 8.4 percent in one year.
Rising beef costs are forcing menu changes and operational cost absorption at specific barbecue restaurants, including Rosedale Bar-B-Q and Arthur Bryant’s, located in Kansas City, Texas.
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Who's involved
- TexasThe state where the restaurant is located and the market trends are observed.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- TexasSpeculative
The market may feel the strain of rising food costs and potential business closures in the food service industry.
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The entities involved
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Texas
state of the United States of America