The Real Inflation Fear - US Food Prices Are Up 19% In 2014

Tyler Durden's picture

We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 - up a staggering 19%...

 

 

h/t Bloomberg's Chase van der Rhoer

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Headbanger's picture

Because Obama!

And Pelosi cause she's from California!

Pladizow's picture

Could leed to a much needed, yet involentary diet for obese Americans?

TheMeatTrapper's picture

No, they will just switch to cheaper and cheaper filler crap in ever increasing quantities.

kw2012's picture

Like North Korea.

 

Sawdust, dirt, tree bark. Grass if you are lucky.

pods's picture

Can we get some Haitian mud cookies for dessert?

pods

Richard Chesler's picture

Fair share motherfuckers.

toys for tits's picture

I thought my local Aldi was just starting to get greedy by raising a gallon of milk to 3.09 until I see 4.50 for a gallon at Winn-Dixie.

SafelyGraze's picture

food has the financial drawback that when you buy and hold, the later re-sale value is generally lower

sometimes even zero

long compost

krispkritter's picture

With milk and the like, not so with rice, beans, wheat, etc.  The foodstuffs I have may be worth more than my PM's if things go badly.

Herd Redirection Committee's picture

With food, you have to look for a reduction in either: Product size or product quality (almost impossible to know before buying, but one example, sausage when reduced in quality is inedible as far as I am concerned)

Only after the obvious steps of reducing product size (but not PACKAGING size) and quality does price get affected.

So... When the price goes up on top of these other two factors, you know its getting serious.

toys for tits's picture

Amen.

I've really noticed this in Breyer's ice cream over the past few decades.

First their quality has steadily deteriorated.

They then reduced their packaging to 1.75 quarts from a half gallon.

Now they have reduced their packaging again to 1.5 quarts.

Cruel Aid's picture

In used to like baskin and robbins peanut butter and chocolate untill a year or so a go, they changed their recipe. They fluffed it up with some crap to make it lighter. It became marshmallow cream like. Bottom line is that it weighed less and the new ingredient was probably much cheaper than whatever was in the original. I called bullshit and have not dropped a fiver since. I now make my own with hagen daaz and skutters crunchy PB. Turns out it is better than the original!

To back up the story, its expensive.

James_Cole's picture

Should say 'drought-stricken world.'

Impacts of agw are a bitch.

Flakmeister's picture

Check this out

http://earth.nullschool.net/#current/wind/isobaric/1000hPa/orthographic=...

Hope you ain;t in the way of this Nor'easter...

Up to a 18" of snow and 80 knot winds...

Shocker's picture

Food Prices up 19%, that directly affects everyone... Doesn't matter income level.

The poor/ Middle class will again bear the brunt of pain.

Tough Economy - http://www.dailyjobcuts.com

-

Steve in Greensboro's picture

World ends.  Poor, middle class, minorities and women hardest hit.

MarsInScorpio's picture

For ice cream, stick with Blue Bell. Still the same recipe, and the half-gallon is still a half-gallon.

 

Now then, what does this do to the 2% Inflation Big Lie?

-30-

DaddyO's picture

Gardens, Bitchez...

The best way to know the quality of the food you eat is to know who grew it.

DaddyO

remain calm's picture

If Obama gets hungry he can eat his dick

Supernova Born's picture

You can't fight, or be fed, by the Fed.

Fake money generating real food is a new attempted form of alchemy.

Food, the barbarous relic.

Eating food is merely a "tradition".

 

mjcOH1's picture

"Could leed to a much needed, yet involentary diet for obese Americans?"

 

I'm thinking more like a 20% EBT increase For....wait for it....For The Children.

mjcOH1's picture

"I thought my local Aldi was just starting to get greedy by raising a gallon of milk to 3.09 until I see 4.50 for a gallon at Winn-Dixie."

 

And yet people bitch about a gallon of gas at $4.00....sucked from several thousand feet below ground, cooked out of a larger volume of crude with considerable energy, and shipped half way around the world by boat, train, pipeline, and truck.

mt paul's picture

trans alaskan pipeline 10 miles east

refinery 12 miles west of here

 

close to the juice ..

Calmyourself's picture

Nor'easter caused by GW lols...

lasvegaspersona's picture

as long as it is not a cross wind we should be fine...

SAT 800's picture

A Northeaster centered on the Canadian Maritime Provinces in March. Absolutely amazing; hasn't happend more than every other year for the last two hundred years. Obviously evidence of Global Warming; except, of course the actual global temperature remains unchanged. OH Well.

Flakmeister's picture

Hey ding-a-ling,  nobody is claiming that this Nor'easter has anything to do with anything..

It was mainly a plug for some awesome graphics...

It would appear that you create strawmen in your sleep....

Fred Hayek's picture

The impacts of heliogenic global warming are even more of a bitch.

The temperature on the surface of Mars has gone up the last few years. 

One will have to strain mightily to create a theory of how shortsighted use of cars and industry on earth caused more carbon in the non-existent atmosphere of Mars and raised the temperature of the red planet.

One is left with only the sun to cite as a cause for the warming of Mars.  And if the sun radiated more heat to Mars, one is left with an exceptionally difficult argument to make in trying to say that the sun has not, similarly, radiated more heat onto Earth.  And then the whole AGW theory has a problem.

Flakmeister's picture

Quit making shit up...

Mars has not been warming because of the sun...

Changes in albedo from dust storms are responsible...

From: http://www.skepticalscience.com/global-warming-on-mars.htm

The pictures revealed that in 1977 the surface was brighter than in 1999, and from this Fenton used a general circulation model to suggest that between 1977 and 1999 the planet had experienced a warming trend of 0.65 degrees C. Fenton attributed the warming to surface dust causing a change in the planet's albedo.

 

dontgoforit's picture

Oscar Meyer used to have a good beef hot dog - now my dog won't even eat them.  Ball Park now the best.

Flakmeister's picture

Ok, whatever....

I all but gave up eating hotdogs years ago....

Four chan's picture

chicken is the new steak.

TheMeatTrapper's picture

Take hotdogs and toughen them in the sun so they'll stay on a hook. Soak them in sun rendered fish oil and use them to catch some catfish. Best use for hot dogs I know of. Bait.

SAT 800's picture

Good for you; now if you'd just give up typing; there would be that much less propaganda to put up with around here.

83_vf_1100_c's picture

  KFC chicken here in TX is crap now. I swear they are slaughtering the birds as soon as they hatch. Lucky to get one good bite out of a drumstick. So, we quit buying from them. I'd love to raise my own but coyote packs arond here are problematic.

TheMeatTrapper's picture

Dave Canterbury has a video on eating yotes. That's one animal I am hesitant to try; but in a pinch I'd do it in a heartbeat. There certainly is no shortage of them. Of course his was a prime northen speciman - not the mangy types we have down here. 

Seer's picture

Use electronet fencing.  In the three years that I've had chickens and this fencing I have yet to lose a single bird (even had ducks behind it for quite a while) to coyotes even though I have plenty of coyotes around.  And while no single domestic dog is a match for a pack of coyotes, they can be a deterent: my dog is a good 85 lbs and could readily deal with a single coyote; I just hope it never encounters a pack...  My dog also runs off aerial predators.  Not bad for a non-purebred rescue...  (training, training, training...)

It's like the tip for when you go out hiking in bear country.  You don't have to outrun the bear, just the person you are with.  Always takes someone slower than yourself!  As long as others around you have easier pickings for their chickens and whatnot then yours are likely going to be passed up.

Baldrick's picture

contact your local zoo, the one that has BIG cats, and ask if they will give/sell you some of the waste. NOTHING will enter your property except birds. NOTHING.

usednabused's picture

Hey DGFI maybe your pooch got smarter as he got older? Something lots of people fail to do....

MarsInScorpio's picture

Flak:

 

So we are supposed to take the conclusion of another Global Warming Alarrmist as true?

 

Yeah, and the Little Ice Age is irrelevent in discussing the ups and downs of the Earth's temperature - another Alarmist position.

-30-

 

Flakmeister's picture

Psst... your Little Ice Age is completely understood once you take into account the sun and C02 levels....

http://www.skepticalscience.com/graphics.php?g=40

Nothing mysterious about it...

Here is another take:

http://skepticalscience.com//pics/Ahmed_2013_paleo_fig4.jpg

https://www.skepticalscience.com/pages2k-confirms-hockey-stick.html

Seer's picture

Read John D. Hammaker's Survival of Civilization.   He does a great job in explaining how the glacial periods start (and why).

Seize Mars's picture

Jamescole
M'kay. Printing 90 billion a month of fake, dilutive currency has nothing to do with it, right? It's ... Global Warming!?
LOL

Flakmeister's picture

It would appear that you know even less about QE than you do about Climate Science...

mt paul's picture

those printing presses 

must get prety hot..