It’s Foodie Friday and I want to blog a bit about skirt steak.
(Photo credit: Wikipedia)
I’m a big fan of it and have been for a very long time. So long, in fact, that I remember when it was hard to find because it was so inexpensive and so underused that most butchers put it in with the trimmings from other cuts to make ground beef. Then again, many of them took the skirt steak home for supper which is how it came to be known as a butcher’s cut. Other steaks of which you might be aware – the hanger steak, the tri-tip, and flap meat (which they sell as sirloin tip here) used to be hard to find and very inexpensive.
Then the fajita craze hit. Skirt steak – the best cut of meat for fajitas – became more in demand. What was once a downright cheap, delicious protein became as expensive as all but the high-end steaks such as porterhouse and rib eye. While it remains so, one other thing has happened. There are two parts to the part of the steer that’s skirt steak (the plate). One (the outside plate) was rarely sold since it’s chewier and less tasty. With the increase in demand, suddenly stores would have sales of skirt that was the lesser cut, confusing consumers and offering a lesser experience. Consumers moved on.
It’s happened with fish too, as we can see with the monkfish. Once a “trash fish” and known as the poor man’s lobster, it grew popular because it was tasty and inexpensive. That led to it becoming very expensive and overfished. In some cases, other fish were sold as monk that weren’t. Consumers moved on.
The business point is pretty simple. People are drawn to high-quality, low-cost products, whether they’re proteins or electronics or services. The ebb and flow of the market will make some price increases happen and demand will support that up to a point. What the market won’t support is a changed, lesser product or a price point that makes other products viable options. I’d rather eat a porterhouse that’s on sale for what it costs for skirt, as an example.
We need to be cognizant of why people came to our products in the first place and not undercut those fundamental reasons. That’s business suicide. Thoughts?
Filed under Consulting, food
Image via Wikipedia
To end the week, let’s talk about food and, more specifically, leftovers. You know what I mean – the rest of the steak you couldn’t finish; the other half of the chicken. The food you wrap up when the meal is over and deposit in the fridge so you can eat it at a later time and get more bang for your food buck.
We make a strenuous effort here at Rancho Deluxe not to toss any food unless it’s past its prime. However, given that there are often copious mounts of food left over after a family event or weekend of cooking, turning leftovers into something completely new has become an art form. Turns out there are business implications too! Continue reading
Image via Wikipedia
Today’s Foodie Friday post is about one of the big cooking myths that I hear repeated by cooks all the time. In fact, you might even catch the odd TV chef repeating it. That myth is the one about why you brown off a piece of meat – roasts in particular – before you lower the heat (or move it to a cooler part of the grill). I’ll bet you’re mentally answering that question now and it may be with “because that’s how you seal in the juices so the meat doesn’t dry out.” There’s the myth and also today’s business thought. Continue reading
There is so much going on – The U.S. Open, World Cup, Father’s Day – that it’s hard to know about which topic to write. But since it’s Friday, I know the answer: food! There will be lots of cookouts this weekend – we’re going to a couple – and it’s interesting me to that I can see which hosts have lots of business savvy and which have less just from their menu. Am I psychic? Continue reading
We usually end the week with a food post and I’m in the mood to fire up the smoker so let’s talk about burnt ends. No, this has nothing to do with you standing too close to the pit but everything to do with fat, flavor, and fun. You probably don’t think they have much to do with business, but you know I’ll find a way, right? Continue reading
It’s Friday so you know it’s a Fun Foodie post! I have a bit of a mental exercise for you to try before we delve into the post. Ready? Close your eyes (but finish reading this first) and think of a specific meal, and a specific dish within that meal, that you can’t forget. Go ahead – I’ll wait and then I’ll explain why I’m asking you to play along. Continue reading
It’s Friday and that, in my book, spells food!
Someone with knowledge of my love of things meat-related sent me this link to a Paul Lukas piece on meat. Specifically, he runs his own little bracket tournament by placing various cuts of specific proteins into an “eat-off” to determine the final four best cuts. Specifically, the winners of the beef region, the pork region, the sausage region, and something called the “Meatscellaneous Region” face off. Continue reading