$4.10 Per Pound: Ground Beef Price Climbs to Another Record High

cns news ^ | 10-22-2014

[Citizen Zed]

The average price for a pound of ground beef climbed to another record high--$4.096 per pound--in the United States in September, according to data released today by the Bureau of Labor Statistics (BLS).

In August, according to BLS, the average price for a pound of all types of ground beef topped $4 for the first time--hitting $4.013.  In September, the average price jumped .083 cents, an increase of 2.1 percent in one month.

A year ago, in September 2013, the average price for a pound of ground beef was $3.502 per pound. Since then, it has climbed 59.4 cents--or about 17 percent in one year.

[Lazamataz]

Ah Crap! Look what happened when the price of copper went up. Plumbing in houses being stolen. Looks like cattle rustling going to be in vogue again.

I only rustle cattle so I have company at home.

I'm lonely.

[NEMDF]

Perhaps it is time to hit the shelter for a new kitten?

[mountn man]

Ah Crap! Look what happened when the price of copper went up. Plumbing in houses being stolen. Looks like cattle rustling going to be in vogue again.

Don't care how expensive meat becomes, nobody will want to rustle Obola's wife.

[BOOHA]

Just bought 80/20 at Smart and Final Sale $2.99 / lb.

Regular $3.99 / lb

[Lazamataz]

Beats me ... I stopped buying at $1.99

I stopped eating outright.

It's doing wonders for my figure.

[GailA]

Not in Memphis TN, food prices have risen while gas prices have declined.

http://www.citizen-times.com/story/news/local/2014/09/18/meat-egg-prices-keep-rising/15827411/

[Lazamataz]

Only cows satisfy my loneliness. Cows and alpacas.

[Lazamataz]

It's weird! When everyone else was reporting excessive price hikes, I wasn't seeing it. Yeah, prices went up, but slowly.

But NOW, when everyone else is saying things are leveling or dropping, NOW it went up by 25% to 50%, sometimes 100%.

[Califreak]

Be careful buying meat from S & F

Maybe the store in your area is better than ours

Been burnt several times on S & F meat

[Alex Murphy]

I stopped buying at $1.99

Ditto here. A few years ago, my local grocery store created a very visible clearance section where all the "expires tomorrow" meats can be found. As someone mentioned on a thread earlier this year, thrift and discount stores are a booming business.

[jaydee770]

Wonder if this is due to low crop yields for feed from the drought and/or diverting feed grain to ethanol production?

[SoConPubbie]

A lot of food prices have stabilized or come down....and oil has come down...so the American dollar answer isn’t the whole story.

Not in Southern California they haven't.

[Lazamataz]

Don't care how expensive meat becomes, nobody will want to rustle Obola's wife.

Demon filets are tough.

[Rodamala]

The actual rate of inflation, that is... devaluation of the U.S. Dollar through endless "Quantitative Easing" stimulus made by the Federal Reserve Bank.

Or Gorebull Warming... depends who you believe.

[Rodamala]

Only cows satisfy my loneliness.

Are you insinuating that you would actually hit Lena Dunham?

Surely your account has been hacked... let's check for a gag reflex...

Anything?

[Citizen Zed]

The fastest poster in the West I guess.

[Citizen Zed]

Probably a glitch. \€^°

[Lazamataz]

OMG MY DREAM WOMAN, SHE IS PERFECT

[redcatcherb412]

In August, according to BLS, the average price for a pound of all types of ground beef topped $4 for the first time—hitting $4.013. In September, the average price jumped .083 cents, an increase of 2.1 percent in one month.

A year ago, in September 2013, the average price for a pound of ground beef was $3.502 per pound. Since then, it has climbed 59.4 cents—or about 17 percent in one year.
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probably not the most opportune time for the federales to announce the COLA for SS/VA to increase 1.7% because the cost of living increase is just so low.

[Reddy]

“Then, what’s driving gasoline down ?”

China is drilling for their own oil, so they are not buying it elsewhere, which is causing a surplus.