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...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
MeelionDollerBogus's picture

Meat Trapper just put up a good video for baiting & hunting snapper turtles.
Seems they like the oily beaver pelt for bait.
I wonder, if you put up an oily fat scootersaurus caught at a walmart, as bait for a snapper, would that work or would the pelt kill off the local wildlife?

Cthonic's picture

Ostrich, camel, bison and genetically modified gila monster

813kml's picture

Yum, a big plate of rat steak and roach fries.  Kerry can supply the ketchup.

Grouchy Marx's picture

Probably already there, just not labeled as such. Hey, 50% of fish is mislabeled, and in England, they were getting horse and donkey sold as beef.

Of course, for English cuisine, that might be a step up...

MeelionDollerBogus's picture

Throw in some Soylent Senator or Creole Congresscritter & perhaps you can start a whole new fastfood chain.

1stepcloser's picture

Can't they naked short beef futures to help us out.  Like they help us in PM markets...  Sell a years head of cattle in a single trade... 

RichardENixon's picture

No they can't. But they can help you access your HELOC for trips to the grocery store. Just make sure you do this before the stores refuse to accept any amount of FRNs for food. That's coming.

ATG's picture

Shadow Stats has 1980 metric CPI pushing 10%:

http://www.shadowstats.com/alternate_data

BLM Bundy Ranch cattle killings did not help beef prices settle.

DC became such a lying cesspool that Operation American Spring is on the way to emphasize the call for Impeachment:

http://bit.ly/QN2u3Z

Schmuck Raker's picture

He said "hedonic meat adjustment". Heh heh-heh heh

MeelionDollerBogus's picture

Hedonically Adjusted Meat - the new H.A.M.

RichardENixon's picture

I'm so glad I was livin' in the USA

We had hamburgers grillin' on open grills night and day

Chuck Berry classic 2014 version


socalbeach's picture

No need for hedonic adjustments for beef and pork.  Just reduce their weighting in the CPI and replace with chicken.  Then, if chicken starts increasing in price, replace with:

horse meat -> donkey meat -> dog food -> ...  -> rat and other rodent meat -> donkey dick

I Write Code's picture

-> mystery meat -> solyent green

MeelionDollerBogus's picture

Pretty sure horse meat would cost more than chicken.

Tsar Pointless's picture

The people of Pittsburgh are "fed" up with this, and something MUST be done.

http://pittsburgh.cbslocal.com/2014/05/14/pens-fans-calling-for-change-a...

Oh, wait. That's about the Penguins losing to the New York Rangers in the NHL playoffs. I'm sure I can find something about people pissed about meat inflation.

Nope. Nothing.

Priorities.

I Write Code's picture

What will you pay for this 11 year old meat?

813kml's picture

Gary Glitter might be in the market, how much dong are you asking?

Old Man River's picture

Theys goona stick it to ya in eleventy-billion differnt ways, I figure. In the end us little folk won't be able to afford no real steak or bacon, just that fake stuff. And so when we visit good old Clem up there at the "Tack and Go" to get a box of 7 Mags, theys gonna cost too much (heck, if you can even get some) or the dang license fees too high or the limit changes. When theys fooling with the dadgum food supply folks get all mean, and rightly so.

viator's picture

Wagyu beef really up, $260. a pound.

http://www.allenbrothers.com/wagyu.html

 

hoist the bs flag's picture

well...if you use the Ramen noodle index...this means jack squat. Hell, i got BOGO Yakisoba for 99 cents just this morning.  However, the sodium. msg, plastic and God knows what other stage 4 shit that is in there, as well as the flouride water and the heating device known at the office as a nukerowave, that hums with enough background radiation to make another Hulk, doesnt get me...the calories will. I chug all this back with killer Columbian irradiated coffee and fake (flammable) dry creamer and hefty amounts of bleached sugar. its a wonder I don't just shit myself in front of my Chinese slave labor made computer while wittling away for my corporate masters.

FieldingMellish's picture

Thanks. That made me feel better.

hoist the bs flag's picture

just wanna keep it real with the sense of "budget" we will all be working with eventually. ;)

813kml's picture

Yuck, I'll stick to my simple diet of mud pie and mouse milk ice cream.

Cthonic's picture

as well as Kansas, western Colorado

alt.hedge's picture

    D0 - Abnormally Dry
    D1 - Moderate Drought
    D2 - Severe Drought
    D3 - Extreme Drought
    D4 - Exceptional Drought
    D5 - Ludicrous Drought!

MeelionDollerBogus's picture

Thanks to global warming you should expect much less rain for a much longer time.
New-new-dustbowl-deal. Can't have a proper Great Depression without a dustbowl.

BeerMe's picture

You know it is bad when Spam is expensive.

hoist the bs flag's picture

that and corn beef hash, jerky...when tuna fucks off into outer space price wise...its game on. Like I said below...The Ramen Noodle Index is the way to go, if it doesnt kill you first.

young turk's picture

just keep stackin and pass the ketchup please

Frostfan1's picture

I went to the deli for lunch today and got the pasta and beef stew.  I noticed when eating how the meat portion was smaller than I expected and I go to this place a coupe of times a week so I would know if something is different.  I think I know why now..........

youngman's picture

They say that Sperm has lots of protein....should be good for blowjobs...

RevRex's picture

What's the litre price on that?

Obama_4_Dictator's picture

Just bought some more silver rounds, only 1 dollar above spot!

RevRex's picture

$20.19 cents each delivered here....now that's a bargain!, not as good as the 19.53 last week

22winmag's picture

My home brewed beef stew and chili is canned and stacked to the ceiling. If Obama, DHS, or FEMA attempts to "nationalize" it, they're going to get a high velocity lead sandwich instead.

greatbeard's picture

>> home brewed beef stew and chili is canned and stacked to the ceiling.

Care to share the recipe?

 

RevRex's picture

It's a good thing the price of flat screen TVs has dropped, otherwise inflation would rob the people of the buying power of the dollar......

MeelionDollerBogus's picture

And they're delicious with a dab of mayo.
... oh wait...

Ban KKiller's picture

We buy grass fed beef from locals. Buy whole hogs too. Get them butchered, cut and wrapped. Throw into freezer! High quality meat that has an acceptable cost per pound.  There is NO WAY I buy meat from the major chains. 

We do eat less meat these days...more veggies, fruit and nuts/seeds. Growing our own greens is the key...I think. 

Fast food is fast but not food. Only suckers eat there...

 

Please support. NGFB, LLC. (Nail Guns for Banksters)

MeelionDollerBogus's picture

Definitely looking into it but I need a way to store dry & cured, no freezer required.
When you think about grid dependancy it's not just savings in dollars that matter, but saving in the real tangible meat that can outlast even a long-term power failure.
Freezers need power so then what? Dried & cured or... batteries & propane?

MassDecep's picture

You cant have any meat if you don't beat your pudding!!

F em all but 6's picture

If you dont beat your meat you cant have any pussy. How can you have any pussy if you dont beat your meat!

 

Pink Floyd.   The Wall

F em all but 6's picture

The meat market has always been cheaper....than divorce.

Catch and release bitchez

trader1's picture

more great news for our environment.

meat consumption will reduce, as people start shift to healthier, protein-rich plant-based foods like beans, lentils, etc.

 

MeelionDollerBogus's picture

Not good news at all. It's fine to augment your non-meat part of your diet but to cut out critical meal proteins will leave you malnourished. Humans can't live healthy as vegetarians. Very few have no choice but most others who make the choice are idiots & starving themselves of critical amino acids.
They make up for it with pills but those pills are also made from animals so it's a pointless endeavour.

Of course, malnourished people make more obedient slaves.

winston84's picture

Our meats are loaded with steroids and antibiotics. Our veggies and grains are now GMO. Our water is laced with fluoride, meds, and mercury. Our air is saturated with aluminum, barium, and  polymers.

Bottom line....

We are all gonna die!  Probably by some type of cancer.