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Beef, Pork, Shrimp, Eggs, And Now Orange Juice

Tyler Durden's picture




 

Yesterday we reminded those who fear the dreadful deflation ogre and its extreme monetary policy supporting fantasy that food inflation was in fact soaring. Of course, for those that do not eat Beef, Pork, Eggs, or Shrimp - everything's fine... except today we add yet another 'staple' to the extreme inflationary dilution of the average consumer's pocketbook... orange juice!

  • *ORANGE-JUICE FUTURES RISE AS MUCH AS 1.5% TO TWO-YEAR HIGH

 

Charts: Bloomberg

 

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Wed, 04/16/2014 - 18:49 | 4667177 RacerX
RacerX's picture

It's those darned Duke brothers.

Wed, 04/16/2014 - 18:54 | 4667184 TruthInSunshine
TruthInSunshine's picture

'Essence of Orange' Juice* is still $1.99 gallon.

Purple Drank still cheap, too.

Hedonically adjust yo consumption, hitches!

*Contains 0% fruit juice by volume.

Wed, 04/16/2014 - 18:54 | 4667204 No Quarter
No Quarter's picture

Just wait till sugar ramps ;)

Wed, 04/16/2014 - 19:00 | 4667227 fonestar
fonestar's picture

fonestar recommends getting into some orange juice and Bitcoin now to protect your wealth.

Wed, 04/16/2014 - 19:07 | 4667249 American Dreams
American Dreams's picture

Silly Tylers..... Its the weather. Sheesh

No shelter here

AD

Wed, 04/16/2014 - 19:24 | 4667287 Supernova Born
Supernova Born's picture

100% natural dandelion greens (high in vitamin C, 32% RDA per cup) have been substituted for orange juice on the CPI.

Available at vacant lots and foreclosed homes everywhere.

Wed, 04/16/2014 - 19:54 | 4667403 Dasa Slooofoot
Dasa Slooofoot's picture

Silly Tylers..... Its the weather. Sheesh

 

Heh.  Brian Williams & nbc news was all over "it's the weather's fault" meme.  Complete with the visual of cowboy boots walking over dried out dirt.  

Wed, 04/16/2014 - 19:21 | 4667284 813kml
813kml's picture

BTC is the Sunny D of 'currencies'.

Wed, 04/16/2014 - 19:29 | 4667314 TruthInSunshine
TruthInSunshine's picture

Bitcoin = the essence of currency

Wed, 04/16/2014 - 19:36 | 4667341 Henry Chinaski
Henry Chinaski's picture

The sky is falling! (what about coffee and peanut butter?)

Wed, 04/16/2014 - 19:56 | 4667408 Battleaxe
Battleaxe's picture

NY Times: Fake Meats, Finally, Taste Like Chicken

http://www.nytimes.com/2014/04/03/business/meat-alternatives-on-the-plat...

 

Wed, 04/16/2014 - 21:02 | 4667670 Bangin7GramRocks
Bangin7GramRocks's picture

Works on the other end too. Organic foods are not seeing price increases. And my locally sourced free range beef is the same price as last year. Don't eat food commodities, eat real food.

Wed, 04/16/2014 - 18:54 | 4667200 TideFighter
TideFighter's picture

Shrimp is ok, the rest of that stuff is crap anyway. Stop eating it, you'll feel better. Beef, pork, chickens (eggs) have hormones and antibiotics, not to mention the fat and cholesteral. 90% of grocery items are not fit for human consumption. Cut your budget and your calories by growing your own (if possible) or eating fresh-no canned bullshit. I lost 90 pounds without dieting-just cutting out the above.   

Wed, 04/16/2014 - 19:10 | 4667261 pods
pods's picture

Just make sure you know where the shrimp comes from. A lot is farm raised in China.

I feel bad using it for bait.

pods

Wed, 04/16/2014 - 19:49 | 4667382 valley chick
valley chick's picture

Tidefighter...just know where your food comes from and support local farmers.  Just got y bulk box of organic oranges and grapefruit today.  Will be busy canning again. :-)   Plus my hens are fed organic feed and give me some awesome eggs. 

Wed, 04/16/2014 - 19:56 | 4667406 WillyGroper
Wed, 04/16/2014 - 20:05 | 4667437 valley chick
valley chick's picture

As bad as the tuna aka escolar story!  Have a trip scheduled to go the coast to pickup local fish to ensure what the hell I am actually getting. I try to avoid local grocery stores since you do not know what the hell it really is.

Wed, 04/16/2014 - 20:17 | 4667482 daveO
daveO's picture

If one wants to feel better, cut out sugar. Then, cut carbs by half or more. Replace with any animal fat and protein. Sugar and carbs are the real killers. 

Wed, 04/16/2014 - 18:56 | 4667201 seek
seek's picture

Sell, Mortimer, Sell!

 

Probably the best movie if you're interested in Jamie Lee Curtis' assets.

Thu, 04/17/2014 - 08:45 | 4668971 post turtle saver
post turtle saver's picture

long FCOJ

Wed, 04/16/2014 - 18:53 | 4667193 starman
starman's picture

Long Top Ramen!

Wed, 04/16/2014 - 18:55 | 4667207 Skateboarder
Skateboarder's picture

And Tampico. Don't particularly recommend ingesting either.

Wed, 04/16/2014 - 18:55 | 4667195 Taint Boil
Taint Boil's picture

 

 

Tropicana 50 – ½ juice ½ water, same price – problem solved.

Wed, 04/16/2014 - 18:59 | 4667221 TideFighter
TideFighter's picture

Take 1 gallon of whole milk, add 1 gallon of water, you have 2%.

Wash your hair with shampoo. Don't repeat.

Take 1/2 of your food on your restaurant plate and take it home.

Don't buy The Ultimate Driving Machine when 55 mph is the ultimate maximum.

Forget the rip-off movie theatres-you can get the same movie the next day if you know where to look.

Stop drinking diet drinks-they cause pancreatic cancer faster than any other substance.

Enough?

 

Wed, 04/16/2014 - 19:03 | 4667237 ForTheWorld
ForTheWorld's picture

I thought you were kidding. You're not. Oh dear.

Wed, 04/16/2014 - 19:08 | 4667254 Incubus
Incubus's picture

I'm setting up a healthy lemonade stand.  

Using industry secrets, I'll sell lemonade with 50% less calories and sugar.

Wed, 04/16/2014 - 19:31 | 4667319 TruthInSunshine
TruthInSunshine's picture

The limeade industry is hurting bad (don't dare look at the price of limes).

Thu, 04/17/2014 - 01:08 | 4668350 BeerMe
BeerMe's picture

Too late.  Something like 4x the cost of a lemon around here.

Wed, 04/16/2014 - 18:54 | 4667206 kurt
kurt's picture

Don't buy it anymore. OJ has a statistical relationship to the early onset of diabetes in women. Also recent lobbying by chemical companies permit the manufacturers to use more actual poison in their "flavor packs" which are used to make reconstituted boiled sludge taste like Denny's. 

Your only remaining vote is your wallet.

Wed, 04/16/2014 - 19:08 | 4667252 BurningFuld
BurningFuld's picture

Yes that fresh Orange Juice at the market is indeed ""flavor packs" which are used to make reconstituted boiled sludge"  Why does that stuff always taste exactly the same anyhow?

Wed, 04/16/2014 - 20:00 | 4667421 WillyGroper
WillyGroper's picture

Is it safe to assume you squeeze this from an actual orange or buy the corporate industrial garbage?

Wed, 04/16/2014 - 18:55 | 4667208 SpanishGoop
SpanishGoop's picture

So the most expensive meal will soon be a super sized Mc Bacon with Orange Juice.

Just kidding, those artificial taste makers will stay cheap.

Wed, 04/16/2014 - 19:28 | 4667309 Keyser
Keyser's picture

We have already reached a tipping point when the "extra value" meal at your local burger joint costs over $10... Yep, you read it right... 

 

Wed, 04/16/2014 - 18:57 | 4667212 world_debt_slave
world_debt_slave's picture

Soylent Green a big meat market hit!

Wed, 04/16/2014 - 19:28 | 4667313 Keyser
Keyser's picture

Yeah, but it's a little stringy and chewy as hell... 

 

Wed, 04/16/2014 - 18:58 | 4667215 Uchtdorf
Uchtdorf's picture

Anita Bryant is likely to be quite upset at this news.

Wed, 04/16/2014 - 18:59 | 4667218 fonzannoon
fonzannoon's picture

"Finally, the FOMC is well aware that inflation could also threaten to rise substantially above 2 percent. At present, I rate the chances of this happening as significantly below the chances of inflation persisting below 2 percent"

Wed, 04/16/2014 - 19:01 | 4667232 GooseShtepping Moron
GooseShtepping Moron's picture

And despite this, sales at grocery stores were up a mere one percent last quarter. Discounting for inflation, that tells you that grocery sales are either flat or declining. In any sort of recovery you would think people would splurge a little bit on their grocery bill. There is no growth.

Wed, 04/16/2014 - 19:15 | 4667270 Azwethinkweiz
Azwethinkweiz's picture

It's ALMOST cheaper to eat out now then it is to buy groceries. Restaurants here in LA are packed and new ones opening up everywhere. Hamburgers, hotdogs and pink slime galore.

Wed, 04/16/2014 - 21:12 | 4667699 daveO
daveO's picture

The prices are nearly the same. I end up paying just a few dollars more to have someone else cook it. That's because the restaurants here don't take Food Stamps. Everytime I see the freezer section, at the supermarket, I see an EBT sign nearby. Those frozen dinners cost as much as a restaurant meal!

Wed, 04/16/2014 - 19:20 | 4667279 seek
seek's picture

The fact that grocery sales are down and that obesity rates are declining tells me people are simply eating less. (The government is trying to dress this up as "eating healthier" instead of "people are on the path to starvation, even with EBT.")

Wed, 04/16/2014 - 19:02 | 4667234 i_call_you_my_base
i_call_you_my_base's picture

Just drink Tang.

Wed, 04/16/2014 - 19:13 | 4667265 Dr.Vannostrand
Dr.Vannostrand's picture

I prefer to eat it.

Wed, 04/16/2014 - 19:23 | 4667291 813kml
813kml's picture

+1 for poon

Wed, 04/16/2014 - 19:03 | 4667238 youngman
youngman's picture

Limes are off the charts..so if you are a Margirita drinker ..you are going to pay double...

Wed, 04/16/2014 - 23:32 | 4668160 Emergency Ward
Emergency Ward's picture

Just got a dwarf key lime tree.  Gonna plant it in the back yard and hope it takes.  Corona Light with a slice of lime......

Got a dwarf lemon tree that gives tons of lemons and a dwarf apple tree that yields some tasty small apples....

Thu, 04/17/2014 - 01:14 | 4668363 BeerMe
BeerMe's picture

Or daiquiri.

Wed, 04/16/2014 - 19:35 | 4667250 Ham-bone
Ham-bone's picture

 

 

$17 T in US Treasury debt

$5 T intra-gov holdings

$12.6 T Public debt

                        FED ($2.3)  Foreigner ($5.9T)   Domestic ($4.4 non-Fed)

Bills $1.65 T            $0               $600 B           $1 T

Notes $8 T              $1.6 T          $4.5 T            $2.1 T           

Bonds $1.45 T        $600 B          $400 B           $450 B

TIPS $1 T               $95 B            $400 B           $500 B

And no one had to sell anything to raise the cash to buy record low yields in sovereign debt worldwide, RECORD Equity valuations, Record RE valuations, and now Record commodity valuations...Almost like there is just more and more and moar money floating around...something like hyer-monetization

See if we have any corresponding charts in record low yields in Japan, Spain, Italy, Greece (hmmm)...as these countries no longer offer an arb and all sovereign debts are/will coalescing somewhere around 2-2.25%...where o where will actual "investors" go as yields all collapse worldwide??? 

And corporations borrow Trillions in nearly free money to buy their own stock...reducing float faster than new issuance...and faster and faster.

ZIRP by neccessity and Hyper-monetization will lead to the greatest and final bubble within this structure...before something totally new will be required.  Spread has already been reduced from over 700 bp's to 250 bp's from Spain to Japan...and since Japan can't go up, everyone else will keep going down to close that spread...and down and down and down.

Thu, 04/17/2014 - 10:48 | 4669468 Tinky
Tinky's picture

Keep up the good work, Ham-bone. Your message, which is consistently well-expressed, can't be shouted too often.

Wed, 04/16/2014 - 19:18 | 4667276 Frank N. Beans
Frank N. Beans's picture

i love high pulp 100% pure oj

 

Wed, 04/16/2014 - 19:18 | 4667277 nmewn
nmewn's picture

And thats another damned thing.

Know why .gov loves inflation (basically the value destruction of your labor)?

Moar tax revenue.

Think about it, go in and sit down at a restaurant and order a 16oz steak, priced at twelve bucks. At a 10% tax (to make it easy) the tax is a buck twenty. Now say, because of the destruction of the currency (inflation) it goes to fourteen bucks for the very same 16oz steak.

Thats a buck forty in taxes isn't it?

The weight of the steak never changed allowing for a higher price and the TAX RATE never changed either so they can honestly say "we have not raised your taxes."

But they extracted moar tax revenue from the shell game of politics combined with Fed debt-based banking didn't they?

Wed, 04/16/2014 - 21:42 | 4667811 Uchtdorf
Uchtdorf's picture

Or, as my parents did, buy a few acres in the country hoping to get out of the big city and retire to a peaceful place some day. 30 years later my mom's cancer destroys that dream and they decide to sell the land to pay bills. Price has gone up appreciably from when they bought, with zero improvements done to the land. Selling price less purchase price = profit in the eyes of big gov. Profit times marginal tax rate = much needed cash out of my parents' pockets. Greater demand for land in that area was hardly a factor

Thu, 04/17/2014 - 00:37 | 4668298 Tulpa
Tulpa's picture

But the tax dollars they collect are just as inflated as the ones you spent... so they're not coming out ahead.

Where inflation does benefit tax revs is when it moves people into higher tax brackets and triggers the AMT.

Wed, 04/16/2014 - 19:27 | 4667280 swass
swass's picture

Ahh.. FROZEN CONCENTRATED ORANGE JUICE....  I heard the Dukes were trying to corner the market.

http://www.popmodal.com/video/1277/Trading-Places-Final-Exchange-Scene-amp-Explanation

Wed, 04/16/2014 - 19:39 | 4667364 ncdirtdigger
ncdirtdigger's picture

Bananas are next.

Wed, 04/16/2014 - 20:11 | 4667460 1fortheroad
1fortheroad's picture

Bananas are now, Im paying almost half a bernake buck for one freaking banana, and bananas grow here where Im at.

 

Grow wild here but the dam insects will eat you up trying to get to them.

Wed, 04/16/2014 - 19:52 | 4667395 are we there yet
are we there yet's picture

It is getting expensive to be a fat GMO fed american.

Wed, 04/16/2014 - 19:59 | 4667419 Casserole of no...
Casserole of nonsense's picture

My quarterly bacon order from the farmer was up 9% in just 6 months. At least I'm now long 30lbs of bacon in the freezer. 

Wed, 04/16/2014 - 20:03 | 4667432 Casserole of no...
Casserole of nonsense's picture

Just checked an invoice from a year ago - up 14.5%.

Wed, 04/16/2014 - 20:18 | 4667465 valley chick
valley chick's picture

Are you getting the nitrite and nitrate free...my local pork producer is charging $10 a pound free of chemicals and the pigs are fed organic feed.

Wed, 04/16/2014 - 20:22 | 4667500 Agent P
Agent P's picture

Pork bellies...which are used to make bacon...which you might find in a bacon, lettuce and tomato sandwich.

Wed, 04/16/2014 - 21:01 | 4667666 BidnessMan
BidnessMan's picture

Beeks!  Where is Beeks!

Wed, 04/16/2014 - 21:38 | 4667797 hangemhigh77
hangemhigh77's picture

Better known today as a "jam sandwich". Do I have to explain?

Wed, 04/16/2014 - 20:44 | 4667586 MeelionDollerBogus
MeelionDollerBogus's picture

Let them eat cake! Now all we need is an affordable cake act.

Wed, 04/16/2014 - 21:37 | 4667792 hangemhigh77
hangemhigh77's picture

Eat bugs, they're cheap and good protein. You can find them in the rich elite's garbage.

Wed, 04/16/2014 - 22:32 | 4668001 Freewheelin Franklin
Freewheelin Franklin's picture

I guess the Duke brothers got the wrong crop report. 

 

#TradingPlaces

 

 

Oh wait. My bad. it's the weather. 

Wed, 04/16/2014 - 23:16 | 4668117 Flakmeister
Flakmeister's picture

Since you mentioned it...

California Drought/Polar Vortex Jet Stream Pattern Linked to Global Warming

 

Summarized very nicely here:

http://www.wunderground.com/blog/JeffMasters/comment.html?entrynum=2665

Here is the original paper (paywalled)

http://onlinelibrary.wiley.com/doi/10.1002/2014GL059748/abstract

The 2013-14 California drought was accompanied by an anomalous high-amplitude ridge system. The anomalous ridge was investigated using reanalysis data and the Community Earth System Model (CESM). It was found that the ridge emerged from continual sources of Rossby wave energy in the western North Pacific starting in late summer, and subsequently intensified into winter. The ridge generated a surge of wave energy downwind and deepened further the trough over the northeast U.S., forming a dipole. The dipole and associated circulation pattern is not linked directly with either ENSO or Pacific Decadal Oscillation; instead it is correlated with a type of ENSO precursor. The connection between the dipole and ENSO precursor has become stronger since the 1970s, and this is attributed to increased GHG loading as simulated by the CESM. Therefore, there is a traceable anthropogenic warming footprint in the enormous intensity of the anomalous ridge during winter 2013-14, the associated drought and its intensity.

Thu, 04/17/2014 - 01:46 | 4668420 dunce
dunce's picture

Those with EBT cards will not be effected, only wage earners and they are now in the minority and can easily be ignored and cursed for being selfish and greedy. obama and his supporters in the legislatures just say suck on this. The white house menu is nothing like the school lunch program they have been pushing.

Thu, 04/17/2014 - 07:40 | 4668757 OneEyedJack
OneEyedJack's picture

..

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