Posted on 02/22/2014 8:47:27 AM PST by rickmichaels
Beef: It’s what you can’t afford for dinner — for years to come.
Retail beef prices are near record highs. During 2013, the price consumers paid for ground beef climbed roughly 5%, according to government data beef price data released Thursday finds that consumers paid an average of nearly $3.50 per pound for 100% ground beef.
What’s more, experts say that climbing beef prices are here to stay. The USDA’s Economic Research Service projects that beef prices will rise faster than almost anything else this year. Don Close, a cattle economist with Rabo AgriFinance says he thinks prices this year could rise 7-8% and roughly the same amount in 2015. Kevin Good, a senior analyst at cattle research firm CattleFax, says that “higher prices will continue through 2015 or 2016.”
(Excerpt) Read more at marketwatch.com ...
Bingo, you nailed it.
“Market forces will keep this from happening.
There are so many low-cost alternatives that the alternatives might trend up a bit but the beef market will have to adjust.
Think Starbucks, Duncan and MacDonald’s when we went through some high priced coffee years — not much of an impact on the retail prices.”
Eat more pork, chicken, lamb and ? if the price is below the beef price. That will put a lot pain into the beef shortage leverage elfs as they try to make the prices go up.
When you see the pork, chicken, lamb and whatever on sale, buy it in quantity and freeze it.
In the meantime convert more liberals into vegans, to lower the demand for any meat. That will leave more at a lower price for the omnivours, that’s us.
McDonalds need not worry. They haven’t had beef in their burgers since around 1972.
Just wait until the federally mandated hunting bans start popping up. All for the common good of the livestock and meat processing industries of course. You can’t hunt on the king’s land, unless you are one of the king’s men. Poaching will become a much more dangerous business, along with personal gardens, and raising animals without a government permit. Starvation is a powerful weapon in the communists and Marxists arsenal.
With that being said, if something like this scenario were to come to pass, I would personally set a no bag limit on communists and marxists. They’re full of s-—, so they would make good fertilizer for my illegal gardens.
Yep.
Already happening.
Beef market takes about a year to reflect changes. Pork market takes about 3 months and chicken less than that. A little less than a year from now beef prices will be low (relative to the value of the dollar). Somehow, people will survive.
But of course there is no inflation....
But look on the bright side. $150 a pound Wagyu beef is still only $150 a pound so it’s not hurting King Barry and Moochelle.
Great Pic! Saw it! Liked It! Stole It!
See what too many years of Obama have done...
Didn’t 1000’s and 1000’s of cattle freeze to death earlier this winter?
One of the farmers I met said he bought up everything he could in "his" area....and went to strictly corn to feed the nearby ethanol plant.
In the past, he had grown all different crops...beans, potatoes, etc etc...
Indeed every day is a Saturday.
> Wealthier consumers have jacked demand for premium products of all kinds (cars to beef) while the American middle class is being impoverished.
Nail on the head. I used to be what would be considered pretty well off until Obama hit. Now I wonder week to week, month to month if I will be able to pay my bills. I know there will be consequences for the buffoon who created the chaos we’re living under and I will get to smile the day he goes down in flames.
There has already been a big jump in the Southeast. Ground chuck that has had a sale price of $2.99 for a few years (on sale half the time) at Piggly Wiggly is $4.79 this week. Chuck roast around the same at PW and Walmart, all up from prices that were around $2.99 on sale to $3.49.
These jumps have taken place within the past month or so.
“Market forces will keep this from happening.
There are so many low-cost alternatives that the alternatives might trend up a bit but the beef market will have to adjust.
Think Starbucks, Duncan and MacDonald’s when we went through some high priced coffee years — not much of an impact on the retail prices.”
Right you are, and what they do is reduce the portions you get for the same dollar, you see it all over the supermarket, just look a yogurt, cereal. Milk is almost $4.00 a gallon...
I can remember buying new car for $1,950.00, now a riding mower can cost more then that.
A movie was $0.25 to get in, popcorn was also $0.25.
A dollar bill could buy you 4 gallons of gasoline, now a dollar bill gets you 1/4 a gallon and a silver dollar gets you about 8 gallons.
And the teeth-gritting irony in it all is that ethonal doesn’t do squat for gas mileage. It’s just another way for Uncle Big Government to stick it’s nose into our lives at the behest of enviroNazis. So help me God I’m losing patience with this sh!t. Feel like I want to kill somebody sometimes.
Food prices are increasing quickly. I know there are countless factors, but how much of it is ethanol, subsidies, currency inflation, and other forms of government interference?
I purchased two egg mcmuffins at McD’s last sunday and it was almost $6.00. Crazy.
Remember kiddies! There’s no inflation. There’s no inflation. There’s no inflation...
(discounting food and fuel).
The cost of a pound of beef is more than the cost of a gallon of gas. I wonder what the cost of a gallon of milk is nowadays? The “new normal” keeps sucking on...
But of course to our lying government in DC, there is no inflation.
And what was your weekly wage back then? What was the minimum wage (if it even existed)?
A gallon of Great Value 2% Milk at the Walmart cost me $3.98 yesterday.
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