Meat Prices Surge Most In 11 Years

Tyler Durden's picture

Hardly surprising given the surge in beef and pork that we have been noting, but according to the latest inflation data from the BLS, meat prices spike by almost 3% in April - the most since November 2003 (this is also the 2nd biggest price spike in 34 years!) As we noted previously, this soaring food price inflation is not about to stop anytime soon...



And just the monthly change: No hedonic meat adjustments here.

The Fed 'meme' that low-flation is as dangerous as high-flation (thus providing them an excuse to keep priming the pump) is about to run into a problem as the hedonic manipulation of government-provided inflation data runs into the ugly reality of things that we need actually soaring in price...

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Obama_4_Dictator's picture

That's cool. I'll eat my Ipad, lots of nutriants, including silver....thanks FED!

NotApplicable's picture

Well, everyone knows meat isn't healthy for you anyway.

Here, have some processed soy.

idea_hamster's picture

The Fed can give me a hedonic adjustment for switching to Soylent Green -- as long as its 100% pure Grade A Bankster.

gmrpeabody's picture

$1 for a fukkin lime..., hard as rock!

BeerMe's picture

$1?  Last I looked it was like $2.80 around here.

RevRex's picture

"Busch's Fawlt"....because it happened during the ObowelMovement.

sleigher's picture

In the last 2 weeks local grown grass fed beef in my area went up almost $1.50.  Like 1.38 or something... 

Four chan's picture

click heels and repeat, there is no inflation, there is no inflation, there is no inflation...

Dr. Richard Head's picture

The inflation is "targeted" so it's ok and actually good for the economy and people in general, that is if you believe the nonsense spewed from Roubini's paper lips -


pelican's picture

When I saw the headlines, I thought it was referring to hookers.

j0nx's picture

The government's formula for determining the reason why food and gas is so expensive is *EXCUSES - dollar debasement. Then they send shills in here to down arrow anyone who calls them on their bullshit. The one and only reason for this massive ramp in consumables costs is dollar debasement. Anyone who claims otherwise is an asshole. We've had many droughts and bouts of animal sickness in the past and it has never resulted in food prices like these. The only variable left is dollar debasement. Save your down arrow.

Jumbotron's picture

We have a surplus of dogs, cats and horses.  What's the problem.

Hell....I was going to save money by taking strips off my own ass for bacon.  Unfortunately between the government, my boss and my wife I have no ass left.

Heeeeere.....kitty, kitty, kitty.

sleigher's picture

The workers nearby have pushed all the rabbits out of their holes and my, and my neighbors yards are filled with rabbits.  I was even considering setting a few snares. These prices keep on and it will no longer be a consideration.

Jumbotron's picture

Eat the meat......then make a Rabbit stole from the skins for the missus.

ChargingHandle's picture

So I guess hamburger helper is on the menu instead of steak. 

ShorTed's picture

I don't know why they call this stuff hamburger helper. It does just fine by itself, huh? I like it better than tuna helper myself, don't you, Clark?

Kirk2NCC1701's picture

[cue song]... I found my thrill, on Hamburger Hill.

ChargingHandle's picture


I have a multiple friends that own restaurants and a buddy that sells food to restaurants. They all are very concerned about profitability with the spike in many foods. Anyone in the restaurant business has to watch food prices closely and lately the prices on staples like coffee, limes, avocados, beef and dairy are up significantly. Offerings are either being marked up 12-17% or corners are cut in the preparation, which bodes poorly for retaining a loyal customer base.  

Der Wille Zur Macht's picture

I'll take one lime-cilantro burger topped with avocado and gruyere. Extra side of coffee bbq sauce please!

CheapBastard's picture

They can call it "Meat" but the media calls it "Pink Slime."


Thus, next time at the grocers, ask:

"I'll take three cans of 'Pink Slime Helper' please."

smokintoad's picture

And after we are hedonically adjusted down to eating pink slime, what's the next step below that? Cow snot?

Jumbotron's picture

Just the Helper.....not the burger.

Dasa Slooofoot's picture

Must be the snows fault...or something.

ultraticum's picture

Nothing to see here, sheeple. 







venturen's picture

can you eat much does that cost....can I get it in Soylent Green?

FieldingMellish's picture

Next hedonic substitution: stoolburger. mmmmmmm......

pelican's picture

Well, we are all taking a big bite of the shit sandwich.



Abitdodgie's picture

All I know that I have a 3 year old Highland bull, totally grass fed that is going into the freezer in the next few months right after I have finished the home grown pork. After eating that pork I will never buy any of that funny tasting shop meat again . If anyone has some land grow your own there is nothing like it.  You also get to learn how to butcher meat, and my wife help me and she is almost a vegaterian.

medium giraffe's picture

Good job Abit, would love a small holding myself.  Grow a lot of veggies already though, look nothing like that shit you buy in the sheeplemarket.

Yes, carrots are supposed to be purple, and cucumbers come with prickles.

Hope you enjoy your beef, sounds great, don't forget to keep some bones for stock!

fencejumper's picture

medium, I grow a lot of vegetables, too! Still eating last yrs crop of winter squash (properly stored over winter) and can plant/harvest greens and roots year-round here in Southern OR. As for meat, we do just fine with quality fish/fowl 3-4 times a week and neighbors eggs which I trade for compost I make. This year our biggest concern is irrigation water with very low snow pack in the mtns. We'll get by, right medium?


edit: don't know why text came through italicized?

medium giraffe's picture

Yeah, I'm sure we'll just about struggle by, lol.  Amazing how much you can find by foraging locally too.  We're sitting here with the access to the greatest collection of information the world has ever known, all it takes is a little learning and effort.  If you end up starving, don't go crying to the govt.  The govt can't beat Darwinism.

(Italics are cool, just go with it, makes you appear more dynamic!)

autofixer's picture

The conversation I had in line at the grocery store in Sao Paulo, Brazil--with the locals--last Saturday was about: inflation over the last year. I bet I will have the same conversation this Saturday. 

10mm's picture

Imagine trying to have that conversation in murica. They would look at you like you had six fuckin heads.

NotApplicable's picture

Not in a grocery store they wouldn't.

Moe Howard's picture

Had a converstation with two wokers in a company break room, both late 40's. One said he was very patriotic all his life, would have joined the Marines but failed the physical for back issues, etc, but now he doesn't feel patriotic at all, he feels like the government is an occupation government from some other country. The other guy was all about the Fed and the need for deflation to help the working man rahter than inflation to help the controllers.


There is hope.

Kreditanstalt's picture

What do you call a situation in which price inflation and monetary inflation are raging, jobs are disappearing, real incomes are dead in the water and deficits are rising?


pods's picture

I was going to guess "the new normal" but I am sort of a pessimist.


gmrpeabody's picture

You're an optometrist the way I see it, Pods.

lordylord's picture

Government calls it PROGRESS!

LawsofPhysics's picture

FAIL.  This is not the 70's.  It is impossibe to raise interest rates, nor can we increase the energy available for consumption like we did in the late 70's and early 80's.  Watch the supply lines closely now.  The average standard of living must be crushed or the herd needs to be culled.  Take your pick.  One will happen.

Math and the laws of Nature and physics are a bitch.

Spastica Rex's picture

The average standard of living must be crushed or the herd needs to be culled.  Take you pick.  One will happen.

Maybe a combination of both?

Bindar Dundat's picture

It's like we are all being financially butchered...oh wait....

Kreditanstalt's picture

You'll only see that crush when the masses' access to credit runs out.  And TPTB will ensure that never happens: the LAST thing they will ever do is raise the cost of credit.  They're more terrified of that than anything else. (except perhaps 'deflation'!)

Something has to give when interest rates are manipulated and suppressed forever.  It will be PRICE INLATION, generated not by the usual "wage pressures" but by higher raw material costs, higher food & energy and by the falling value of MONEY: printing-generated price inflation.

And there won't be a damn thing the goddam governments can do about it...

One day there'll be a revolution.

LawsofPhysics's picture

"You'll only see that crush when the masses' access to credit runs out. "  -  Bullshit.  "Credit" can be created in an instant with a few strokes on a keyboard.  Food cannot.  With respect to all real assets in the current "market", perishable or not, only one rule applies now.  Specifically, when fraud is the status quo, possession is the law.

As your own post indicates, critical supplies and essential input commodities will simply no longer be available because the providers won't want the worthless paper.

Hedge accordingly.



Kreditanstalt's picture

You simply don't get it.

The supply of food & energy is CONSTANT.  Credit is not.   It can be - and is being - created constantly.  There will not be starving or freezing people because we somehow "ran out of" food or energy: it'll happen because they ran out of money and credit.  MORE will be printed, prices will soar and people will blame "the rich", "food shortages", "profiteers", "hoarders", "the Chinese"  ~ anything but the government's counterfeiting of money & credit.


LawsofPhysics's picture

You don't get it.  Who people "blame" is fucking irrelevant dumbass.

There will be food and energy for those who have had the foresight to prepare.

Some people will survive, some won't.

Same as it ever was.