/johnny
I’m sure they have cut their herds because of the drought and the cost of feed.
Our currency has been devalued by the Federal Reserve. With the dollar only worth $.60, what do you expect? It will only get much worse as they try to inflate prices to dig themselves out of the debt hole they are in with still cheaper dollars.
Only the finest beef shall continue to be flown in,
from Hawaii, and by chopper and jet,
... for the EXEMPT.
NOTHING but the best for Amerika’s new
tyrannical Masters-of-the-Deficit.
When you print money, your money loses value. Just ask the depression era Germans. A wheel barrow full of deuchmarks to buy a loaf of bread. Coming to an America near you!
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.
Toss in a higher minimum wage and Obamacare and it will get even higher.
The high protein/low fat and grass fed beef hamburger is selling from $5 to 6/pound in Californicator land. Some vendors try to hide the price by packing it in 12 ounce packs. The math dumbed down Americans don’t know 12 ounces isn’t a pound.
Meanwhile, in the Whitehouse , nothing but Japanese beef @ over 1 $100 a pound is served.
We need to convince more liberals to become vegans to save the world from carbon Gorebull warming.
That will drive the price of beef down as the demand goes down.
Not a problem if your on welfare.
McDonalds need not worry. They haven’t had beef in their burgers since around 1972.
But of course there is no inflation....
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.
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...
Grocery bills in general are sky high these days. It’s getting to the point where eating healthy from the grocery store is costing me the same as my mortgage every month.
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.
Obviously you can’t trust the government to get any math right. Average $3.50 I don’t believe that is correct. I stopped in my local grocery yesterday 90/10 Ground Beef cost me $6.02 a pound. The cheapest thing they had 70/30 was over $5.00 a pound.
Soon, only the Obamas will be able to afford beef.
Anyone have any references on what’s involved in raising one cow for meat?