With fat bonuses and pay increases, it may still be steaks for Wall Street but elsewhere in America it's all about the budget cuts.
Americans will be throwing more hot dogs and hamburgers on their backyard grills rather than higher-priced meat like steaks this July 4 U.S. Independence Day holiday as the recession and high unemployment crimp celebrations.
"It will be the cheaper cuts that will take the majority of the business," said John Kleist, analyst with the McHenry, Ill-based advisory firm Allendale Inc.
"We would do well to say that meat movement over the holiday was decent. That is the best we can hope for," said Kleist.
High unemployment and the recession are controlling people's spending decisions, and as a result the cost and size of holiday meals will be down from years past.
Main & gay blog