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The Meat Crisis Is Here: Price Of Shrimp Up 61% – 7 Million Pigs Dead – Beef At All-Time High

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

As the price of meat continues to skyrocket, will it soon be considered a "luxury item" for most American families?  This week we learned that the price of meat in the United States rose at the fastest pace in more than 10 years last month.  Leading the way is the price of shrimp.  According to the U.S. Bureau of Labor Statistics, the price of shrimp has jumped an astounding 61 percent compared to a year ago.  The price of pork is also moving upward aggressively thanks to a disease which has already killed about 10 percent of all of the pigs in the entire country.  And the endless drought in the western half of the country has caused the size of the U.S. cattle herd to shrink to a 63 year low and has pushed the price of beef to an all-time high.  This is really bad news if you like to eat meat.  The truth is that the coming "meat crisis" is already here, and it looks like it is going to get a lot worse in the months ahead.

A devastating bacterial disease called "early mortality syndrome" is crippling the shrimping industry all over Asia right now.  According to Bloomberg, this has pushed the price of shrimp up 61 percent over the past 12 months...

In March, shrimp prices jumped 61 percent from a year earlier, according to the U.S. Bureau of Labor Statistics. The climb is mainly due to a bacterial disease known as early mortality syndrome. While the ailment has no effect on humans, it’s wreaking havoc on young shrimp farmed in Southeast Asia, shrinking supplies.

This disease has an extremely high mortality rate.  In fact, according to the article that I just quoted, it kills approximately nine out of every ten shrimp that it infects...

Cases of early mortality syndrome, which destroys the digestive systems of young shrimp, were first reported in China in 2009, said Donald Lightner, a professor of animal and comparative biomedical sciences at University of Arizona in Tucson.


The disease, which kills about 90 percent of the shrimp it infects, traveled from China to Vietnam to Malaysia and then to Thailand, he said. Cases also were reported in Mexico last year, Lightner said.

A different disease is driving up the price of pork in the United States.  It is known as the porcine epidemic diarrhea virus, and in less than a year it has spread to 30 states and has killed approximately 7 million pigs.

The price of bacon is already up 13.1 percent over the past year, but this is just the beginning.

It is being projected that U.S. pork production could be down by as much as 10 percent this year, and Americans could end up paying up to 20 percent more for pork by the end of 2014.

The price of beef has also moved to unprecedented heights.  Thanks to the crippling drought that never seems to end in the western half of the nation, the size of the U.S. cattle herd has been declining for seven years in a row, and it is now the smallest that is has been since 1951.

Over the past year, the price of ground chuck beef is up 5.9 percent.  It would have been worse, but ranchers have been slaughtering lots of cattle in order to thin their herds in a desperate attempt to get through this drought.  If this drought does not end soon, the price of beef is going to go much, much higher.

As prices for shrimp, pork and beef have risen, many consumers have been eating more chicken.  But the price of chicken is rising rapidly as well.

In fact, the price of chicken breast is up 12.4 percent over the past 12 months.

Unfortunately, this could just be the very beginning of this meat crisis.  As I wrote about recently, some scientists are warning that we could potentially be facing "a century-long megadrought".

And right now, there are no signs that the drought out west is letting up.  Just check out the map posted below.  It comes from the U.S. Drought Monitor, and it shows how the drought in California has significantly intensified since the beginning of the year...

California Drought 2014

And considering how much the rest of the nation relies on the agricultural production coming out of California, it is very alarming to see that the drought is getting even worse.

Right now, things are so bone dry in most of the state that it is easy for wildfires to get out of control.  In fact, Governor Jerry Brown has just declared a state of emergency in San Diego County because of the vicious wildfires that are raging there...

Officials ordered another round of evacuations early Thursday north of San Diego as gusty winds and near 100-degree temperatures offer little relief from at least nine fires that have consumed a 14-square mile area of Southern California.


Gov. Jerry Brown declared a state of emergency for San Diego County, which frees up special resources and funding for the firefight.


The fires, coming earlier than normal in the wildfire season, are being fed by brush and trees left brittle by prolonged drought. They are also being whipped by a Santa Ana wind system that reverses the normal flow of wind from the Pacific Ocean and creates tinderbox fire conditions.


For the first time in its 14-year-history, the U.S. Drought Monitor, a federal website that tracks drought, designated the entire state of California as in a severe (or worse) drought.

If you do not live out west, you may have no idea how very serious this all really is.

For years, I have been warning about the potential for dust bowl conditions to return to the western half of the country.

Now it is actually starting to happen.

And we already have tens of millions of people in this country that are struggling to feed themselves.  If you doubt this, please see my previous article entitled "Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity".

So what happens if drought, diseases and plagues continue to cause food production in this country to plummet?

Those that have studied these things tell us that there is a clear correlation between food prices and civil unrest.  For example, the following is a short excerpt from a recent Scientific American article...

Since the beginning of 2014, riots have occurred in countries including Thailand and Venezuela. Although they’re different cultures on different continents, these mass protests movements may all have one commonality; increasing food prices may have contributed to their occurrence. The cost of food has been steadily increasing in both Thailand and Venezuela; last month demonstrators in Caracas took to the streets marching with empty pots to protest food shortages. According to Dr. Yaneer Bar-Yam and fellow researchers at the New England Complex Systems Institute (NECSI), events such as these may be anticipated by a mathematical model that examines rising food costs.


The events of 2014 aren’t without precedent; the price of food has provoked (and placated) throughout history, beginning in Imperial Rome when Augustus introduced grain subsidies. In recent years, the Middle East has been particularly affected by the cost of grain. Centuries after Egypt developed bread as we recognize it, the nation experienced a bread intifada – the country rioted for two days in January 1977 following Anwar Sadat’s decision to drastically decrease food subsidies. More recently, under the rule of Hosni Mubarak, the price of grain rose 30 percent between 2010 and 2011. Then, on January 25, 2011 a new revolution began in Egypt.

Could rapidly rising food prices cause civil unrest in the United States eventually?

It won't happen today, and it won't happen tomorrow, but some day it might.

Meanwhile, you might want to start carving out a significantly larger portion of the family budget for food for the foreseeable future.


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Sat, 05/17/2014 - 18:15 | 4770011 Soul Glow
Soul Glow's picture

No lists?  Oh well.  Anyway, if the price of meat is up like goods will substitute and America eats too much meat anyway.  Carry on Patriot.

Sat, 05/17/2014 - 18:46 | 4770128 Bad Attitude
Bad Attitude's picture

Fresh fruits and vegetables are going to see similar price increases because of the drought and other causes. Just this past week, I was surprised to see the price of apples jump twenty percent.

Forward (over the cliff)!

Sat, 05/17/2014 - 18:48 | 4770134 HobbyFarmer
HobbyFarmer's picture

In the past few weeks we've had several neighbors, friends at work, from church, and even the bus driver stop and ask us if we'd be willing to sell part of our steer when we butcher.  People see what's going on are connecting to local small farmers.  Prices are crazy, especially with what is happening to pork.

Hedge accordingly everybody!

Sat, 05/17/2014 - 18:53 | 4770144 Xibalba
Xibalba's picture

Inflation is transitory.  Inflation is transitory.  Inflation is transitory.  Inflation is transitory.  Inflation is transitory.  Inflation is transitory.  Inflation is transitory.  Inflation is transitory.  

Sat, 05/17/2014 - 19:19 | 4770207 Ahmeexnal
Ahmeexnal's picture

The wookie says: "Let them eat cake!"

Time to stock up on sardine cans. They'll be worth their weight in gold in a few months!

Sat, 05/17/2014 - 19:28 | 4770222 LetThemEatRand
LetThemEatRand's picture

Blind man walks by a fishing dock and says, "hello, ladies."

Sat, 05/17/2014 - 19:35 | 4770231 knukles
knukles's picture

This whole fucking mess fits right into the;r plan that everybody (but the chosen few) eat noting but garnish (green shit) not the meat its supposed to surround as a decor.

Agenda 21, etc, motherfuckers.

Sat, 05/17/2014 - 20:00 | 4770264 g'kar
g'kar's picture

Soylent Green Shit, it's what's for dinner.

Sun, 05/18/2014 - 13:11 | 4771467 old naughty
old naughty's picture

but wait, dead pigs only in China, no?

Dead shrimps due to EMS, really? Not FSR (fuk-u-shRimP Seawater Radiation)?

Sat, 05/17/2014 - 21:17 | 4770414 Christophe2
Christophe2's picture

"Farmer feeds GMO corn to his pigs: they all become sterile":

=> seems like there are some side effects to the plan to sterilize the masses...

Sat, 05/17/2014 - 18:53 | 4770146 ebworthen
ebworthen's picture

Eat mor chikin!  ;-)

Sat, 05/17/2014 - 18:58 | 4770158 eatthebanksters
eatthebanksters's picture

Arab Spring comes to Amerika! Btw, QE has nothing to do with any of this....

Sat, 05/17/2014 - 19:03 | 4770181 chumbawamba
chumbawamba's picture

Naw, squirrel and rabbit will become popular again.

I am Chumbawamba.

Sat, 05/17/2014 - 19:07 | 4770189 Xibalba
Xibalba's picture

try catching duck in Central Park.  mmmm

Sun, 05/18/2014 - 12:29 | 4771388 Jumbotron
Jumbotron's picture

Yumm.......Cat Ching Duck.....haven't had that since leaving mainland China

Sat, 05/17/2014 - 19:12 | 4770200 Winston Churchill
Winston Churchill's picture

Is that you Janet ?

Sat, 05/17/2014 - 19:45 | 4770245 El Vaquero
El Vaquero's picture

It's like a perfect storm.  QE plus all of the other shit coming together at once.  At some point, the sheeple are going to snap that prices aren't going to come down, or be scared that there will be real shortages in the future, and they'll buy now rather than buying later.   Then prices start going up, and it turns into a Weimar situation.


And it's funny.  All the shit that they're blaming on the weather has nothing to do with the weather.  Yet weather can have an effect on food prices, and it appears that it has here, but it's "Nope!  No inflation!  Nothing to see here folks, move along."

Sun, 05/18/2014 - 13:51 | 4771550 mkkby
mkkby's picture

Drought has nothing to do with weather.  Sure thing, el loco.

Sat, 05/17/2014 - 19:43 | 4770241 BeerMe
BeerMe's picture

On top of that is the Fed's easy money.  It had been mostly flowing into the stock market but more & more has been moving into commodity prices.

Sat, 05/17/2014 - 18:59 | 4770165 Bay Area Guy
Bay Area Guy's picture

The only problem with switching from meat is what you have to switch to. Seafood? I live on the West Coast and I won't eat Pacific Ocean seafood because of Fukushima contamination. Gulf Coast has all of the oil spill residue and the dispersants mixed in. I haven't heard much bad about Atlantic seafood (yet), but that's mighty expensive here. And forget about farm raised. That'll kill you faster than the Fukushima stuff.

I've taken to eating game meat like buffalo and elk and wild boar when I can get it. Yes, it's more expensive, but it's also a lot healthier than the beef and pork. I need meat because I have had medical issues in the recent past that left me anemic (better now).

Sat, 05/17/2014 - 19:04 | 4770186 fonzannoon
fonzannoon's picture

There is no Atlantic seafood. The shellfish were all wiped out with the brown tides. Whatever is left soaks in the chemical run offs from the farms every year. I go out and catch stripers which are nice, but they all come down the hudson, which if you have ever driven on the FDR you get a nice view off, and that can wreck an appetite. Everything else is farmed off the coast. You can get the occasional tuna and there is some mahi mahi I guess. That's about it.

Sat, 05/17/2014 - 19:39 | 4770237 knukles
knukles's picture

Brown tide my ass...
Long Island Sound's lobster, oysters and much of the regular fish (once plentiful during my lifetime) was put paid extinct from the shit the gobermint let leak out of Plum Island, billed as an Ag Research Station, but in truth was a major Bio-Weapons research facility.
Ever heard of Lyme Disease?
Was a product of ticks loosed form Plum made their way across the Sound to Lyme CT.

And much of Plum's research has been moved to the CDC etc., research facility in Downtown Fucking Atlanta.
Booyah on that shit, too.


Sat, 05/17/2014 - 19:49 | 4770257 Yen Cross
Yen Cross's picture

  Good comment Knukles.  That shithole Wookie research Island is a disgrace. I'm a conservative(by no means a fucktard neocon ludite McCain lover) but 'Plum Island needs to be nuked off the map.'

  The Chinese/Norks are out today.  Hijacking my keyboard.

Sat, 05/17/2014 - 19:59 | 4770272 g'kar
g'kar's picture

Jesse Ventura did an interesting episode of Conspiracy Theory on Plum Island and Lymes Disease.


A clip:

Sat, 05/17/2014 - 21:14 | 4770411 Bay Area Guy
Bay Area Guy's picture

In other words, so much for seafood.  Thanks fonz.  Guess it's game meat, organic chicken and some soy for protein and iron.

Sat, 05/17/2014 - 21:34 | 4770440 Cornfedbloodstool
Cornfedbloodstool's picture

The FDR is next to the East River. Westside highway is next to Hudson.

Sun, 05/18/2014 - 16:55 | 4771812 fonzannoon
fonzannoon's picture

thanks for that correction. 

Sat, 05/17/2014 - 18:14 | 4770028 Kirk2NCC1701
Kirk2NCC1701's picture

So... Where's the Beef!?

Sat, 05/17/2014 - 18:18 | 4770042 plane jain
plane jain's picture

Excellent timing for this author.  Vegan Before Six

Sat, 05/17/2014 - 18:27 | 4770075 TheMeatTrapper
TheMeatTrapper's picture

I encourage everyone to become a vegan. 

I hate competition. 

Sat, 05/17/2014 - 18:55 | 4770150 Atomizer
Atomizer's picture

Do you realize trees create oxygen so you can breathe? Go Vegan!

Hippies Wail for Dead Trees. You should connect with your alter ego group.

Sat, 05/17/2014 - 19:00 | 4770169 CrazyCooter
CrazyCooter's picture

I hope to catch all the fish our household eats this year. That just means eggs and chicken from the store. I am keeping a book of time and cost. I expect to be red this season, but black in seasons after.



Sat, 05/17/2014 - 18:22 | 4770057 NYPoke
NYPoke's picture

On Warren Buffet's Ranch(es).  No way Warren doesn't clean up on this.

Sat, 05/17/2014 - 18:24 | 4770059 LetThemEatRand
LetThemEatRand's picture

Warren counts the money.  Becky cleans up.  At least it's Quick.

Sat, 05/17/2014 - 18:27 | 4770074 Taint Boil
Sat, 05/17/2014 - 21:40 | 4770451 Pinche Caballero
Pinche Caballero's picture

For the small landholder of 3-5 acres with some grass, consider the hardier, smallest of the large breeds, dual- purpose meat and milk Dexter. It is manageable, as I have learned.

Sat, 05/17/2014 - 18:14 | 4770029 duo
duo's picture

Dandelions are more nutritious then spinach.  I've cultivated my own strain that can survive the TX summers.

Squirrels and dandelions - survival food for suburbia.

Sat, 05/17/2014 - 18:15 | 4770035 Soul Glow
Soul Glow's picture


Sat, 05/17/2014 - 18:19 | 4770046 BrosephStiglitz
BrosephStiglitz's picture


Sat, 05/17/2014 - 18:29 | 4770082 Chief Wonder Bread
Chief Wonder Bread's picture

Squirrels and dandelions - survival food for suburbia.

And OPP (other people's pets)

Sun, 05/18/2014 - 13:45 | 4771531 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Cockroaches also. Insects are a major source of animal protein also. Give it time, they will start with things like hummus like cockroach paste.

Bug zapper, with a blender catch underneath. Blend, strain then cook to kill the bacteria. I know it sounds disgusting but you flavor it with wild edibles and you'd never notice the difference unless someone told you.

Sun, 05/18/2014 - 20:00 | 4772216 butchtrucks
butchtrucks's picture

Thanks - but I'll stick with pigmeat - porcine diarahhea epidemic and all.

Sat, 05/17/2014 - 18:40 | 4770111 RafterManFMJ
RafterManFMJ's picture

Happy squirrel happy squirrel morning in the dew!
Happy Squirrel Happy Squirrel evening in my stew!
Dandy Lion Dandy Lion urban weed !
Dang Dandy Lion post-apocalyptic feed!

My plan is to be a guitar playing bard bringing mail, news and song between post apocalyptic fortified towns and communities.

Sat, 05/17/2014 - 18:56 | 4770160 tickhound
tickhound's picture

Solitude was nice. But then I took an arrow to the knee.

Sat, 05/17/2014 - 18:14 | 4770033 the mighty jimbo
the mighty jimbo's picture

Holy haliburton!  Soylent green anyone?

Sat, 05/17/2014 - 18:31 | 4770081 Quus Ant
Quus Ant's picture

If you buy organic grass fed you already pay through the nose.  Now people are being priced out of diseased factory meat.  Shoe leather could be next.

Sat, 05/17/2014 - 18:17 | 4770037 Sudden Debt
Sudden Debt's picture

price of shrimps up 61%....

it's how forrest gump got rich....

Sat, 05/17/2014 - 18:42 | 4770118 BrosephStiglitz
BrosephStiglitz's picture

Off in the Gulf of Mexico a retard and a man with no legs deftly maneuver a lone shrimping trawler between BP oil platforms in their quest to cure all of the world's ills.

Sat, 05/17/2014 - 18:18 | 4770043 Sudden Debt
Sudden Debt's picture

one more EBT card crash away from a big riot.

Sat, 05/17/2014 - 18:38 | 4770105 TheMeatTrapper
TheMeatTrapper's picture

What food price increases? Food is free for the Free Shit Army.

Sat, 05/17/2014 - 18:28 | 4770044 Kirk2NCC1701
Kirk2NCC1701's picture

But oil experts tell us there is No Global Warming! /sarc


Sat, 05/17/2014 - 19:26 | 4770221 NidStyles
NidStyles's picture

I live in the desert, I have not noticed any real increase in the temperature year on year. In fact if anything the temp has dropped from the early 2000's when we had a drought that ended in 2007. 

Mon, 05/19/2014 - 09:09 | 4773213 ForTheWorld
ForTheWorld's picture

Inhabitants of Australia, especially those living in the desert areas, will gladly tell you otherwise. There is, after all, more to the planet than the United States.

Sat, 05/17/2014 - 18:20 | 4770049 smokintoad
smokintoad's picture

Is Triple Delight headed to Double Delight and then Single Delight, or just straight to Triple Disappoint?

Sat, 05/17/2014 - 18:22 | 4770054 LetThemEatRand
LetThemEatRand's picture

Mises Institute of Canada has an easy solution to this "meat problem" in an earlier article  -- more people.  I'm starting to get what they really mean, now.

Sat, 05/17/2014 - 18:36 | 4770095 BrosephStiglitz
BrosephStiglitz's picture

Y'see people are not only consumers, but they are producers.  A man can craft a cow, or a pig with his bare hands if he cares to try.  He can innovate a shrimp with the power of his mind.

Sat, 05/17/2014 - 18:40 | 4770112 LetThemEatRand
LetThemEatRand's picture

I find it interesting that the Mises Institute sees people as copper top batteries just waiting to input energy into the system.  Reminds me of a movie.

Sat, 05/17/2014 - 18:47 | 4770127 BrosephStiglitz
BrosephStiglitz's picture

Starting to think the Mises Institute Canada is a US Keynsian plant to simultaneously discredit their opposition, and Canadians.  The Fed. probably rounded up the most outspoken libtards they could find, forced them to grow bizzarro facial hair and opened a shell company.

Sat, 05/17/2014 - 18:55 | 4770155 LetThemEatRand
LetThemEatRand's picture

They should change their name to Million Dollar Mises.  I don't know if they believe their own bullshit, or if they just preach what they believe benefits them personally.  I'm leaning on the the latter.

Sat, 05/17/2014 - 19:30 | 4770224 NidStyles
NidStyles's picture

You'd have a point if you didn't ignore Inflation at every turn in the road of the journey called life. 


I wonder why the prices are going so high, wait a minute, they said there would be inflation and when it finally shows up it's gotta be the fault of the asshole saying that there was inflation....

Sat, 05/17/2014 - 19:37 | 4770232 LetThemEatRand
LetThemEatRand's picture

Let me clue you in on something -- you don't have to be a Million Dollar Mises to see inflation resulting from endless Fed expansion.   There are plenty of non-douchebags who saw inflation coming.   The fact that Mises Institute of Canada observes the problem does not mean they have the correct solution.  Marx also saw some problems with the system, but I don't advocate for his solution any more than I advocate for the oligarch Institute of Canada's.

Sat, 05/17/2014 - 20:44 | 4770353 Terminus C
Terminus C's picture

But they are the polite and friendly Oligarchs... so, at least they got that.

Sat, 05/17/2014 - 22:41 | 4770546 NidStyles
NidStyles's picture

The only thing you can clue anyone in on, is that your personal opinion has absolutely nothing to do with reality. 

Sat, 05/17/2014 - 23:14 | 4770631 LetThemEatRand
LetThemEatRand's picture

Now I get it.  Thanks.

Sun, 05/18/2014 - 00:11 | 4770719 NidStyles
NidStyles's picture

Somehow I doubt you actually understand much at all.

Mises said the current style of system would go through all of this, and there would be people such as yourself scapegoating the bankers with excuses such as you are while character assasinating anyone that opposes you. Rothbard even wrote a paper on it just like many others that understand sociology beyond the high school level.


Isn't sad the you have resorted to up voting yourself?

Sun, 05/18/2014 - 03:02 | 4770895 LetThemEatRand
LetThemEatRand's picture

You fucking joined the MIC you douche.  What the fuck?

Sat, 05/17/2014 - 22:05 | 4770497 Matt
Matt's picture

Drought and disease outbreaks are not inflation. Increasing the supply of money is inflation. The CPI is an indicator, which means if it goes up, that may indicate inflation, but changes in prices themselves are not inflation.

Sat, 05/17/2014 - 22:38 | 4770534 BrosephStiglitz
BrosephStiglitz's picture

Hallo thar sir, are you part of the esteemed Mises Institute of Canada perchance?

I know the droughts are legit, but it's a little coincidental that all of a sudden diseases, droughts and doomsday viruses cause the prices of meat/seafood to spike.

Doesn't that strike you as odd?  I'm not a conspiracy theorist but I would imagine that inflation is the cause of at least part of this price squeeze.

Also, to my knowledge the CPI doesn't include food, or energy prices in its calculation. 

Sun, 05/18/2014 - 06:00 | 4770956 Serenity Now
Serenity Now's picture

The droughts absolutely are the main cause of the meat price increases.  They started slaughtering cows in Texas two or three years ago.  It's easy to predict what will happen if you have a basic understanding of economics (which I'm not accusing you of lacking; but I hope you'll read my post below).  If supply goes down, prices will go up (all things such as demand being equal).

When the cow slaughtering started, I went to Costco and bought about 100 cans of their canned roast beef.  I don't like their brand as well as Armour, but Armour immediately shot up to $4/can.  Costco discontinued their roast beef right after my purchase, and they still don't sell it (where I live, anyway).  They know they can't sell it at $4/can.  Fun fact:  When there is a beef shortage, that's when the McRib makes its comeback.  Stroll by any McD's or BK.  All the signs in the window are for cheap rib or chicken sandwiches.  

Ok, so back to your post.  You are 100% right that inflation is partly to blame for the price increase.  Inflation = increase in the money supply.  The money supply for food (ie, food stamps) has increased enormously over the past few years.  That has definitely driven up demand, which drives up prices.  

Wow, two comments tonight that used the word inflation correctly!  I'm giddy.  :)

Sat, 05/17/2014 - 22:39 | 4770544 NidStyles
NidStyles's picture

I tend to not take anyone seriously if they compare the CPI to Inflation. 

Sun, 05/18/2014 - 05:45 | 4770948 Serenity Now
Serenity Now's picture


Matt is right.  Use any price index of your choosing, or just meat prices.  What he means is that food price increases are not inflation.  They are just food price increases.  He is trying to explain that the word inflation is being used incorrectly.  I've been trying to explain this for a while.  It matters.

I don't believe he was trying to defend the CPI.  

Sun, 05/18/2014 - 05:42 | 4770946 Serenity Now
Serenity Now's picture

Matt is 100% correct.

Inflation = Increase in the money supply (M).  That is the ONLY definition.

Price increase = Price increase (P).  Call it what it is.  

Supply (S) and Demand (D) matter.

If M goes up, then D goes up, and P goes up (all other things being equal).

If S goes down, and D remains the same, then P goes up.

Example:  In the housing bubble, M went up (credit/mortgages), D went up, then P went up.  The inflation was the increase in M.  The price going up was the RESULT of inflation, not the inflation itself.

In the case of food prices increasing:  S has gone down, which makes P go up.  But then D would typically go down, driving P back down.  However, M has gone up (food stamps), so D stays up and P stays up.  

This is simple stuff guys, but so far only Matt has demonstrated basic Econ 101 knowledge.

I challenge ZH to stop using the word inflation for 30 days.  Call things what they are. It will change your understanding of economics.  If you care at all about your future, then you need to understand that you are using the wrong terminology, which can only lead to bad decisions.

Sat, 05/17/2014 - 22:09 | 4770501 Jack Burton
Jack Burton's picture

Rand, I think logic dictates that more people living in the expanse of Siberia and the North West Territory should act to drive market prices down for meat. I read it in a Mises report on the virtues of expanding populations bringing quality of life improvements to all. After all, is it not man who is under threat of going extinct. All those greenies and environazis.

Sat, 05/17/2014 - 23:32 | 4770660 LetThemEatRand
LetThemEatRand's picture

All of those slackers are making snow angels instead of snow angus.

Sat, 05/17/2014 - 23:43 | 4770680 TheFourthStooge-ing
TheFourthStooge-ing's picture

"They call me the midnight Mises,
Everything I touch is falling to pieces."

Sat, 05/17/2014 - 18:40 | 4770113 krispkritter
krispkritter's picture

Long Long Pig?

Sat, 05/17/2014 - 23:35 | 4770667 TheFourthStooge-ing
TheFourthStooge-ing's picture

According to Million Dollar Mises of Canadia, people are both consumers and consumables.

Sat, 05/17/2014 - 18:22 | 4770058 JohnFrodo
JohnFrodo's picture

Not to state the obvious but its time to invest in soylent green.

Sat, 05/17/2014 - 18:27 | 4770072 Quus Ant
Quus Ant's picture

I got dibs on the fat kid next door.  I give him figs and apricots from my trees every time I sees him.  He's seasoning up right nicely. 

Sat, 05/17/2014 - 18:31 | 4770086 Papasmurf
Papasmurf's picture

I'm calling BS.  Fat kids don't eat fruit unless it's in their McStruddle.

Sat, 05/17/2014 - 18:36 | 4770097 Quus Ant
Quus Ant's picture

He has a glandular problem, if you must know.  Lay off the kid- he's come a long way.

His thigh meat is nice and marbly.

Sat, 05/17/2014 - 18:45 | 4770125 krispkritter
krispkritter's picture

Here in FL, we trap the hogs and then feed them clean water and corn for some weeks to help 'clean' the meat. Do you keep them off GMO's and diet soda? How long to harvest? /s

Sat, 05/17/2014 - 18:23 | 4770060 debtor of last ...
debtor of last resort's picture

Shrimps. That covers it quite well.

Sat, 05/17/2014 - 18:58 | 4770162 TeamDepends
TeamDepends's picture

Shrimps is plural, like Quantitative Easing.

Sat, 05/17/2014 - 18:23 | 4770062 Yen Cross
Yen Cross's picture


  I've been hosing ash from those fires off my decks all week. I live on the beach and it's literally been bouncing of the 100° mark for almost a week. (with 10-15% humidity)

  I was painting some deck chairs on Thursday but decided to wait because the paint was turning into puddy before I could apply it. My apricots are nice and ripe though. My pumpkins are also starting to flower. :-)

Sat, 05/17/2014 - 18:43 | 4770119 El Vaquero
El Vaquero's picture

I've been eating fresh strawberries.  They're so much better when you actually let them ripen on the plant.  I haven't planted any squashes yet, but I did have a zuchinni sprout.  It must have been a seed from last year that didn't germinate.  Anyway, I'm going to use it as a trap crop.  Once the squash bugs hit it, I'm going to kill them with fire, then plant my squash.  FYI, if you start getting squash bugs, take a wet-dry vac to your squash after getting the leaves wet.  The little bastards don't like to be wet and will come up into the sun.  Yes, I vaccuum my squash.

Sat, 05/17/2014 - 18:47 | 4770131 krispkritter
krispkritter's picture

So you're an OCD gardener?  Me too...I put coasters under my watering cans.

Sat, 05/17/2014 - 18:55 | 4770152 El Vaquero
El Vaquero's picture

The squash bugs can get really bad out here if you plant before June.  Last year, they severely reduced the amount of winter squashes that I got and they killed a couple of squash plants.  The 90mph sustained winds with hail (AKA the "Burquecain") that hit during late July didn't help much either.  I've got some Navajo Cushaw seeds this year that I'm going to try out and see if they can withstand the little bastards.  It can be used as a winter or as a summer squash, and a lot of people claim that they make a better pie than pumpkins.

Sat, 05/17/2014 - 19:09 | 4770195 krispkritter
krispkritter's picture

Moving from PA to FL and trying to plant the same things has taught me a lot about how different climates affect plants and how the pests vary so much over such a seemingly limited amount of terra.  Good grief the difference in just a few hundred miles or less!  I remember we planted a few 'neck pumpkins' in PA, and had so many we stopped weighing at 600 lbs., we couldn't get rid of the rest, and we had pumpkin pie until February.  In MD, most of the crop was squashed(pardon the expression) for years. In FL we can get away with crop rotations to keep pests down but boy they seem to love the warm weather. If you have limited acreage, it can seriously increase your susceptibility to being overrun by pests. 

Sat, 05/17/2014 - 19:32 | 4770229 El Vaquero
El Vaquero's picture

I'm dealing with that by getting every variety I can of various crops and planting them all together for promiscuous pollination, and letting nature do the rest.  If it doesn't survive to go to seed, it does not belong in my garden. I'm trying to combat a lot of that by ensuring high genetic diversity and letting things that are susceptible to the local pests get killed.  I have some seeds from a New England pie pumpkin, and I did not hand pollinate.  Considering that there was zucchini, various yellow squashes, and one white patty pan squash in with the pie pumpkins, it could be very interesting to see what I get.  Zumpkin?  Patty Pumpkin?  Of course, anything that tastes like shit will not be saved for the future and will likely be ripped out and replanted.

Sun, 05/18/2014 - 03:25 | 4770903 mumcard
mumcard's picture

I fight squash bugs at 5 a.m. with a flash light and some needle nose pliers.  You can shine under the leaves to find the little bastard's eggs and crush them with the pliers.  Also you can grind up hot pepper and a little soapy water and ruin their day.

Sat, 05/17/2014 - 19:41 | 4770233 Yen Cross
Yen Cross's picture

 @ El Vaquero  I've got a large pot full of everbearing strawberries.

 They're smaller but sweeter and produce 2-3 times a year. I was watering my tangerine tree the other day and 2 skunks were looking for dropped fruit. They had no intention of leaving, so I "high tailed"it out of the area. ;-)

  How to Raise Everbearing Strawberries | Home Guides | SF Gate

  Your comment about seeds not germinating(growers lying about Heirloom) is really good. I've only had about a 20% germination ratio myself. Thanks for the wet/dry vac tip. I'm going to hand polinate my pumpkins next week . (Brush male flowers over the female ovarie) Early in the morning. That way there's no inbred Jed stuff next year.

 Flower Anatomy Printout -



Sat, 05/17/2014 - 23:16 | 4770632 atthelake
atthelake's picture

We had a problem with germination and bought a seedling heat mat. Problem solved.

Sun, 05/18/2014 - 06:11 | 4770966 Serenity Now
Serenity Now's picture

Good Lord, you guys are crazy!  Just kidding.  I have banana trees (well, they are technically plants, I learned) in my first real experience in producing food.  (Other than growing up in the South tending my grandmother's and aunt's garden....that doesn't count IMHO).  

Anyway, I have a real appreciation for how long it takes for something to grow!  My apple bananas (yes, that's the name) take months for a bunch to grow.  And the trees themselves take a lot of manual labor.  I transplanted three suckers (babies) to the other side of my yard when they were tiny, and told them they had to have the will to live, as I will not coddle a plant.  They are so big now!  

You'll probably roll your eyes at my level of gardening, but we've already harvested 4 or 5 huge bunches of gorgeous bananas in as many months, and we have 4 or 5 growing now.  

Sat, 05/17/2014 - 18:25 | 4770067 tahoebumsmith
tahoebumsmith's picture

Wait until the drought prices here in Cali start kicking in! You aint seen nuttin yet... I was on Folsom yesterday on my Seadoos and the lake is as low as it usually is in September!!! Not a lot of talk about this however come another month it will be a crisis! Big time crisis

Sat, 05/17/2014 - 18:27 | 4770071 Chupacabra-322
Chupacabra-322's picture

The Criminal UNITED STATES, CORP. INC & Criminal BLM have systematically put most ranchers in Arizona out of business.

The Bundy Ranch represents the last Rancher in Arizona. Criminal Trasonist Harry Reaid should be hanging from a tree right about now.

Sat, 05/17/2014 - 18:28 | 4770079 ATG
ATG's picture

And right on schedule with higher food pricers is the revolution in DC

Sat, 05/17/2014 - 18:37 | 4770102 Rough-Trader
Rough-Trader's picture

Will this show up on inflation statistics? Ever?

I would like it to.

Sat, 05/17/2014 - 19:15 | 4770185 BrosephStiglitz
BrosephStiglitz's picture

No.  But rest assured, we are doing everything to give you, the people, up to date information on the latest price changes.  Recent studies suggest that processing power in tablets has increased yet again, leading to a 20% increase in the benefit of you as a consumer.  All the while the price in nominal terms has stayed the same.

In short, our current basket of consumer goods suggests that inflation is somewhere between 1 and 2%, which we like to call the Goldilocks zone.  Not too hot, not too cold, just right.  Also, Goldilocks is a fairy-tale and as such we hope you will find the witty use of this double entendre both humorous, and apt.

Some statistician with a calculator and a sizeable government paycheck that you never met. 

Sat, 05/17/2014 - 18:43 | 4770121 I am Jobe
I am Jobe's picture

Amerikans can afford to lose a few hundred pounds. If not send em to Somalia or Nigeria. 

Sat, 05/17/2014 - 18:45 | 4770124 IridiumRebel
IridiumRebel's picture

8 Deluxe scallops, 2 pieces of wild caught New Zealand Orange Ruffie and full plate of Green Beans....24 bucks.

Sat, 05/17/2014 - 18:55 | 4770153 krispkritter
krispkritter's picture

Two pieces of wild caught Tilapia(it's orange if I use food coloring), scallops from the Gulf(if you want to believe BP that's it's safe), and full plate of green beans grown in aquaponics tanks that raised the Tilapia. Maybe 4 bucks? Will I color it orange or use scallops from the Gulf? Fuck no.  It's organic raised fish and beans. I'll skip the scallops and throw in some sauteed 'maters(from the same tanks). :)

Sat, 05/17/2014 - 20:41 | 4770342 IridiumRebel
IridiumRebel's picture

Reason it is so much is cuz we use non fuku, wild caught. i still don't trust the gulf either. Organic maters are a few months away along with bells, squash and zukes.

Sat, 05/17/2014 - 18:56 | 4770154 krispkritter
krispkritter's picture

Beeer fingerrrrrr...

Sat, 05/17/2014 - 18:48 | 4770135 Goldilocks
Goldilocks's picture

Milli Vanilli - Girl You Know It's True (3:58)

Milli Vanilli - Blame it on the Rain (High Quality) (4:17)

Sat, 05/17/2014 - 19:01 | 4770137 Smegley Wanxalot
Smegley Wanxalot's picture

Roadkill is dirt cheap!


At the store the other day I noticed a pack of standard store-brand hot dogs were over $5 now.  We are talking shit hot dogs here.  Just a few years ago they were 1.99.  But ... there's no inflation.

Sat, 05/17/2014 - 19:15 | 4770204 El Vaquero
El Vaquero's picture

I noticed that myself.  The red dyed shit dogs were $4 last time I checked.  I used to use them as a convenient way of getting one of my dogs to take a pill.  Not any more.  I haven't checked beef prices since I whacked my elk last winter though.  From the sound of things, it's probably just as cheap to go to Kellers to get some grass fed beef that they raised themselves locally.  Their prices are dictated by their costs and last fall when I told them that their hamburger was just about the same price as the hormone injected shit in the grocery store, they were surprised because they strive for quality, which means they should be more pricey.

Sun, 05/18/2014 - 01:47 | 4770834 Grouchy Marx
Grouchy Marx's picture

Wait, I thought those dogs were made from roadkill.

Sat, 05/17/2014 - 18:56 | 4770147 Crabshacker
Crabshacker's picture

As a prepper we have 3 chest freezers and 2 upright, we've seen this coming for quite awhile and shop at cash and carry and restraunte depot and pay 2.95lb for neck off chuck rolls. Average 40-60lbs and you can get every cut of meat from steak as good as ribeye through roast, stew and grind for nice lean burger.

Case (40lb) boneless chicken thigh for 1.14lb breast meat 1.69 orange juice every other week (coupon) 1.25 freeze it. And milk. The case meat is portioned in 10lb packs. This is just an example of some of things we do. Rice, beans and flour by the 20lb sacks and vacume seal

Sun, 05/18/2014 - 01:42 | 4770828 Grouchy Marx
Grouchy Marx's picture

When the grid crashes and your freezers thaw, invite me over for the cookout. Should be great.

Sun, 05/18/2014 - 11:54 | 4771294 Crabshacker
Crabshacker's picture

Did I mention I was a prepper, we have 4 gnerators from a small 1200 watt to 8500. Plenty of fuel until we locate another source. When the grid goes fresh meat and such i imagine will get me the fuel I need

Sat, 05/17/2014 - 18:54 | 4770149 ebworthen
ebworthen's picture

Went shopping yesterday.

The prices on the pork and beef were astronomical.

Bought a whole organic chicken to make in the pressure cooker; 3.4 lbs for $6.50.

Sat, 05/17/2014 - 19:10 | 4770197 Bunga Bunga
Bunga Bunga's picture

Looks like you put yourself on the no-fly list.

Sat, 05/17/2014 - 20:03 | 4770277 BrosephStiglitz
BrosephStiglitz's picture

Is that you Mr. Berlusconi?  How is the community service going?

Sat, 05/17/2014 - 19:03 | 4770176 goldhedge
goldhedge's picture

Eat the rich.

Sat, 05/17/2014 - 19:03 | 4770182 stant
stant's picture

Bought 60 lbs of ribeye 3.48 lb and 25 hamburger buck 99 from Amish area ky about 2 weeks ago. My gardens looking good despite the cool may. 30 lbs pork roast 1.89 and yeah I will get more if that comes up again. Yeah it hurts up front, buy in bulk folks save some $. It's there Gota drive a bit put out some effort

Sun, 05/18/2014 - 08:04 | 4771022 IndianaJohn
IndianaJohn's picture

Back of the envelope here.  cash price, per pound. Live Beef $1.47, yields retail cuts & grind 50%. Live Hog $.85, yields 65% retail cuts & grind. 'Yield' = meat cooler contents at your grocer.

The Amish here (near South Bend IN) get much higher prices for their meats.

Sat, 05/17/2014 - 19:13 | 4770202 kurt
kurt's picture

bullshit bullshit bullshit

major operation to jack up meat prices, house of cards, producers being begged to "hang in there" by MONSTERS who are trying to game a business more complex than they appreciate. 

Your Part:

Don't Pay

Sat, 05/17/2014 - 20:18 | 4770304 Chaos_Theory
Chaos_Theory's picture

Look on the bright side....North America has the #1 and #2 population of obese people.  Long pork will eventually be what's for dinner.

Sat, 05/17/2014 - 20:31 | 4770328 ShrNfr
ShrNfr's picture

Christie could keep all of NJ fed for a month by himself.

Sat, 05/17/2014 - 21:01 | 4770386 Aussiekiwi
Aussiekiwi's picture

Finally! a use for Politicians other than adding to the damage to the ozone layer.

Sat, 05/17/2014 - 20:58 | 4770381 Aussiekiwi
Aussiekiwi's picture

Just replace beef with pink slime, no inflation here.

Sat, 05/17/2014 - 20:36 | 4770336 Shathawk
Shathawk's picture

This is why we keep heaing about the pressing need for the proletarii to become inured to eating insects, while the patricians feast on the rarest of delicacies and sweet meats and laugh at the gullability.....

Sun, 05/18/2014 - 06:18 | 4770970 Serenity Now
Serenity Now's picture

That is exactly right!  That meme has been going around for at least a year and a half.  A friend of mine brought it to my attention when he read a couple of magazine articles about it, and then I saw something on tv about a year ago in a hotel.  Crazy.

Sat, 05/17/2014 - 20:58 | 4770378 Incubus
Incubus's picture

too many are still hooked into the matrix.


keep chasing the dream.  we're almost there.

Sat, 05/17/2014 - 21:18 | 4770419 paddyirishman
paddyirishman's picture

meanwhile the Eu actually pays farmers not to farm, but to 'conserve' the land, sometining going on alright.

Sat, 05/17/2014 - 21:30 | 4770432 22winmag
22winmag's picture

You can have my home brewed beef stew when you pry it from...

Sat, 05/17/2014 - 21:54 | 4770471 Pinche Caballero
Pinche Caballero's picture

Since you wouldn't be needing 'em, I'll just help myself to those, too.

Sat, 05/17/2014 - 22:26 | 4770478 db51
db51's picture

Just butchered a steer.    Ended up with 720 lbs of processed meat.   Bill was $ 2,592.00   That included the beef and the processing.   Home grown beef is awesome.     Rib-Eyes tonight.   Anyone interested in a tongue and liver?   lol

Sun, 05/18/2014 - 10:55 | 4771189 MrButtoMcFarty
MrButtoMcFarty's picture

Beef tongue is delicious....use in a slow cooked stew or slice thin and BEEFY!


Sat, 05/17/2014 - 22:59 | 4770593 atthelake
atthelake's picture

STOCK UP NOW, if you can.  This is spring. When July and August hit, the drought will be much worse.


Stock up on fuel, food, drink, supplies, meds and organic seeds. Have a large garden. Learn to can and freeze your garden food. CYA. Going further, learn to grow sprouts and other food indoors.

Sat, 05/17/2014 - 23:01 | 4770602 BaghdadBob
BaghdadBob's picture

Riots on the streets when all those obese yanks have to pay $1 more for a pink slime burger at MacD's. Still it'll make great TV for us 'Socialist' foreigners. Oh how we'll laugh...

Sat, 05/17/2014 - 23:37 | 4770670 IridiumRebel
IridiumRebel's picture

....and your revolt will have kitchen knives!

Sun, 05/18/2014 - 01:37 | 4770820 Grouchy Marx
Grouchy Marx's picture

When your sausages and mash contain only mash, there could be some unrest across the pond as well.

Sun, 05/18/2014 - 23:55 | 4772738 Village-idiot
Village-idiot's picture

And we are reading stories about school children in Greece going through garbage cans looking for something to eat. (Last year, in 2013)

Socialism is collapsing faster than the free-enterprise system. We'll see how the socialist states fare when food production drops drastically and food exports are curtailed.

We won't laugh; we'll merely shake our heads with pity.

Sat, 05/17/2014 - 23:54 | 4770681 Youri Carma
Youri Carma's picture

“He, George the ocean called, they’re running out of shrimp!”

Sun, 05/18/2014 - 02:29 | 4770873 Overdrawn
Overdrawn's picture

Don't know how anyone can eat murdered animals.  


Hope the price continues to skyrocket so that only the 1% can afford to ingest the disease, antibiotics and steroids etc. that are pumped into these poor animals.


Enjoy your Mac (:-

Sun, 05/18/2014 - 06:38 | 4770977 orangegeek
orangegeek's picture

yes and the ocean called and they're running out of shrimp.


it's an efficient market out there folks - despite the "it's fixed meme".


if prices rocket, producers make more and new players enter


if prices drop, producers thin herds


if it's coordinated price fixing to hold these prices high, consumers will turn to alternatives and producers will be left with inventory and few buyers - time for a bean burger topped with tofu bacon.


Sun, 05/18/2014 - 07:59 | 4771017 Buster Cherry
Buster Cherry's picture

Strange how this horrible pig plague hasn't affected our wild hog population whatsoever.....

Sun, 05/18/2014 - 23:47 | 4772728 Village-idiot
Village-idiot's picture

Probably antibiotic-resistant bacteria in the overcrowded conditions.

This was all predicted years ago.

Sun, 05/18/2014 - 08:14 | 4771029 Aurora13
Aurora13's picture

As Marie Antionette might say  "Let them eat cars!".

Sun, 05/18/2014 - 08:15 | 4771030 viator
viator's picture

Meat may be up but a far greater share of household income will go to Obamacare premiums, deductibles, taxes, and co-pays.

Sun, 05/18/2014 - 12:20 | 4771359 JMT
JMT's picture

so people will have to make the ultimate sacrifice and maybe cancel the cable TV or cancel the smartphone and go back to a regular feature phone or buy clothes from TJ Maxx or Marshalls instead of Macys & Nordstrom every weekend.

Sun, 05/18/2014 - 09:00 | 4771055 Ghostdog
Ghostdog's picture

7 million bankers dead? When did this happen?

Sun, 05/18/2014 - 09:11 | 4771060 unicorn
unicorn's picture

i might be a little late for the posting... but this is important looking at food and manipulation and deseases and problems and so on.
in this PDF go to side 87, if you tipe in the search its page 104, have a look at Tabelle 11. You must know, that all these manipulation techniques in the US are passed without any control. (bad, i know, its in german, but you can understand the tabelle easily)

how big and scary this could get, check out:

this is the real danger. everybody talks about information manipulation, while the food and genetic manipulation, the MANIPULATION OF THE LIVING CODE are being hidden.

bon appetit;)

Sun, 05/18/2014 - 09:55 | 4771099 mototard
mototard's picture

This would be a good time to re-read THE GRAPES OF WRATH by John Steinbeck.  His great derpression novel of the dustbowl conditions, the drought and tthe human suffering is a classic.  Interestingly, when the "hero" of the story is kicked off his farm, the villians are "the banks."  He cannot see them so therefore he cannot fight them.

The past is prologue.....

Sun, 05/18/2014 - 10:16 | 4771122 TrulyStupid
TrulyStupid's picture

The only riots coming to the US will be the lobbyists rioting with their congresscreature, demanding (and receiving) more direct subsidies to BigAg.

Possibly trans-fats will become fashionable again (the cheapest way to add calories to "food"). How about deep fried flour with sugar on top... woops thats a donut.

Sun, 05/18/2014 - 10:18 | 4771127 FredFlintstone
FredFlintstone's picture

"congresscreature"... I like it.

Sun, 05/18/2014 - 12:26 | 4771380 Lord Koos
Lord Koos's picture

Wild fresh shrimp, which just a few years ago I could buy for $10 a lb is now unobtanium in most supermarkets -- all you can find now is frozen and/or farmed shrimp.  You can buy the real thing at places like Whole Foods if you are willing to pay upwards of $20 a pound.  And this is on the west coast.

Sun, 05/18/2014 - 17:05 | 4771824 SameAsItEverWas
SameAsItEverWas's picture

I love my Maine Coon cat so much that I don't feed her anything that I wouldn't eat myself.  As far as eating insects goes, she won't eat cockroaches even if she's starving, but she just loves grasshoppers/crickets.

It's $12 for a 5-pound bag of these pellets, which can be added to soups or stews as-is.  Or you can soak them in water and then fry or bake them.  It's not bad tasting.  Yummy for the tummy and eay on the wallet for high-quality protein-rich bulk food with a long shelf life.  It makes more sense to buy some bags of these for the apocalypse than what the preppers buy in MREs etc.

Trout, ocean fish meal, sweet potatoes, potatoes, pea protein, potato protein, canola oil, smoked salmon, natural flavor, choline chloride, DL-methionine, taurine, dried chicory root, tomatoes, blueberries, raspberries, yucca schidigera extract, Lactobacillus acidophilus, Bifidobacterium lactis, zinc proteinate, vitamin E supplement, niacin, manganese proteinate, copper proteinate, zinc sulfate, manganese sulfate, copper sulfate, thiamine mononitrate (vitamin B1), vitamin A supplement, biotin, potassium iodide, calcium pantothenate, riboflavin (vitamin B2), pyridoxine hydrochloride (vitamin B6), vitamin B12 supplement, manganous oxide, sodium selenite, vitamin D supplement, folic acid.

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