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Got (Record-High-Priced) Milk?
Hot on the heels of yesterday's low PPI and this morning's falling CPI, we thought it worth noting (given The Fed's pre-occupation that inflation is running too low) that the price of milk - that staple of the American diet - just hit an all-time high. Nope, no inflation here...
As an aside, while correlation is not causation, the price of milk and the growth of the Fed Balance Sheet have an 82% correlation since March 2009.
Chart: Bloomberg
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Udder insanity!
I can't take this any moo-re.
Note to myself when picking a potential wife: MUST HAVE HUGE JUGS...to produce as much jugs of milk as possible for a lifetime and avoid the rising cost of nutrition.
Drink it with that cake youre eating
Now that's a chart you can trade off of....thanks
Got pasture?
I love fresh raw milk from our family dairy cow and her delicious grass-fed offspring.
DAT RACZIST eating a black cow
DAT STOOPID you
Her grass-fed offspring is delicious?? I HOPE that's not what you meant!
(He's so cute!)
My guernsey steer is going to butcher's this next Monday. I send him off with mixed emotions, but know that he's been well cared for and fed only wholesome feed/pasture. He's produced tons of compost for us, spread seeds to reseed our pasture, and spread nutrients/nitrogen all over our pasture. All this and he'll make great steaks, too.
Our spring chickens are just now beginning to lay. We'll be getting over a dozen eggs a day (15 to 18)....got a ton of people who buy the excess from my son.
Raw milk is delicious. unlike store bought, pasteurized milk, it doesn't rot. It sours. You can eat milk throughout the souring process as it produces different tastes and different types of food.
Anyway, in my state it is illegal to sell raw milk to consumers, so I don't. I've been offered 8-10 dollars a gallon. At that price, my milk cow would be almost as profitable as the chickens (which are easy/cheap to keep). Without selling milk, I figure I save several thousand dollars in food costs by having cows (milk, cheese, ice cream, butter, etc). In addition to this, we'll get about 800 pounds of beef in two weeks. I have a line of people interested in buying half the steer, at about 5 bucks a pound. The steer is very profitable.
In addition to this, we garden, eat from our orchard, and have been picking up how to eat wild greens (plantain, numerous local herbs, salad greens, various roots, tea herbs).
For a person who went from zero knowledge to where I am now in a few short years, I can promise you that you can learn to be more self-sufficient if you care to. If anything, find a buddy doing what I'm doing, and offer to spend a weekend helping on his/her farm. You'll get some hands on experience and see where food comes from. Learn to garden and you can feed yourself despite whatever inflation comes your way.
Good luck all.
Exactly. It ain't rocket surgery.
I mean, you only make the mistake of attempting to milk a steer once.
Just put videos of that on the internet and your steer gets even more profitible.
but, but, it takes work
MsCitizen2 "Hope that's not what you meant."
My ex ussed to say she was "Beady Eyed Vegetarian". She wouldn't
eat anything that was cute. Like veal.
Since no one plows with oxen, the little steer is destined for the table.
Raw milk is good stuff boy! I found a dairy farm on the north fork of Long Island that sells it. To be burtally honest it doesn't make me fart up a storm in the morning if I drink it at night.
Pasturized cow milk can hardly be considered nutritious to humans, unless you count growth hormones and anti-biotics as nutrition.
People drink milk..... out of tradition, I guess.
"Recent discussions and fears of inflation over rising food prices in developing nations are largely overstated. Rising food prices can be attributed to the citizens of those nations seeking more sophisticated diets."
- Bernocchio, June 2011
THE FED IS A BUNCH OF PROFESSIONAL LIARS.
Sorry, misprint.
How do you delete a comment on this website?
Local retail sales down over 30% yoy according to the two local managers I talked to; one is a mall-based small clothing shop the other a free-standing one. That's gross revenue drop. They both said profit margins are almost zero and they are hoping it is not a loss but the final numbers for the first two weeks of Sept are not completely in. And that's despite huge disocunts, cash-backs and so on. It's funny how retail is plunging while food is soaring.
"B&D" is what one said; that's "Bleak" and "Dismal" for you zh'ers with a filthy mind.
despite huge disocunts ...
Oh, my - the imagery !!
Then what is to be attributed to the falling sophistication of diets in a so called "developed" nation like the US? Pink Slime anyone?
I mean who doesn't want to eat a pancake with eggs and sausage on a stick?
What is more sophisticated than Maccaroni and Cheese popcorn topping?
Horse is better than donkey to the sophisticated pallets that eat frozen food in Europe?
Uh, it's palate - the upper part of your mouth through which food passes.
It wasn't your spellchecker, just education. Wooden things don't eat frozen European food.
And perhaps I should add a number of blank lines just for emphasis ! !!!
###
Just shop at Wally World problem solved udders & all!
That is certainly a firm reason to shop wall eye world. Thank you for your courage!
there are a record amount of longs in the silver and gold comex markets now while the PM's are in backwardation , very odd....
That is why Pm prices are getting smashed, Comex is trying to chase these long positions out of the market. Think china is holding these long positions, They will call for physical delivery as soon as the Shanghai physical gold market opens sept 29
then it will be game over for comex and the dollar , just sharing my thoughts ..
China has figured out they will take a big hit on their trillions of holdings in US dollars . So instead they have decided to take a hit on the long positions they hold in silver and gold in the comex, It is their hedge against dollar collaspe Better than taking bigger hits by dumping us treasuries.
China has figured correctly , when they bust the comex and PM prices sky rocket , they China will make back all their losses they are incurring now holding long PM contracts ..
I do the shopping for the home. Everthing that has to do with cattle, dairy or meat, is going through the roof.
The funnest thing is calculating the price per pound on hotdogs. A lot of them are more expensive than filet mignon 10 years ago.
A lot of hot dogs are made from 10-year-old filet mignon. That and some kangaroo giblets.
"You know what they make those things out of, Chet? You know? Lips and assholes!"
https://www.youtube.com/watch?v=001dtJ0srBI
dont knock kangaroo til you've had it
very tender and lean
makes a fine and tender jerky too
Ive had it and Im not knocking it. It was a while ago but I recall it had a touch of fresh salmon taste.
bush meat??
No, outback meat.
Wallmart has the best price on dogs right now. But they are keeping the price down by adding fillers.
Check out Hebrew National. I think soy is the 2nd ingredient in their all beef dogs.
No protein anymore. One can find more protein in a couple slices of real whole wheat bread.
Soy= man boobs and an irresistible urge to listen to show tunes.
Don't go there.
Miffed;-)
Soy is a great source of protein. Does it really create man boobs?
I suppose that since I'll never have sex with somone again, what is the big deal?
It's a phytoestrogen. It mimics estrogen in your body. Don't you think there is enough estrogen floating around today without adding to the pile? There are many other great sources of protein.
Miffed;-)
You must be mistaken. Portions are being reduced to keep the prices in check.
/s
My .02 from FEMA-6:
Any of the 'real food' (generally found around the outer ring of a grocery store) stuffs have been going up in price steadily/rapidly for years.
The 'fake food' (generally found in the aisles in the middle of the grocery store) is simply suffering 'shrink-flation'.
Oh how is 6? I'm thinking of relocating since they won't allow me to stretch to my full length in the cells in 8. I mean really, not to allow curtains or any window treatments of any kind...barbaric! Not that we have windows but honestly it would make a world of difference brightening the place up a bit.
Chamber-o-commerce weather here in the capital of 6 right now. The sheep are pretty docile here (but if Ungle Sugar's stamps stop coming this place will pop like FergusonMO on 'roids in no time) and college football probably keeps 'em enter/con-tained for the next 4 months. I'm trying not to spend on windowdressing but its nice to have the option. Living is cheaper in 6 than most places. Such is the charm of the rustbelt/tobacco road...
"I do the shopping for the home. Everthing that has to do with cattle, dairy or meat, is going through the roof."
It has to be that Bundy guy. If he would have just listened to the government about those turtles this wouldn't be happening.
Plactically unaffordable.
It's dairy farmers milking the system.
Profits in the dairy industry have never been higher; feed costs are low and milk prices are high. I read an industry report a couple of months ago to try to learn why whey protein prices are increasing so quickly. Evidently China's dairy import demand is increasing 35% yoy which at present is mostly supplied by US dairy farmers. This represents an increase in demand of 8% to US farmers, which is being met by a 1% increase in herd size, and higher prices. Europe and Australia are increasing their dairy herds to meet China's demand; later this year the cows will start to reach milking age. My translation of the summary of the report goes something like:
US farmers will concede the China market to Europe and Australia. US consumers are being sucessfully trained to pay higher dairy prices. Profit margins will be maintained by reducing overhead (herd size).
and that doesn't take into account buying organic hormone free milk ...much higher
Why would anyone want milk without hormones?! That's like Brawndo without the electrolytes!!!
I wonder what the price of 'koshered milk' is these days that the likes of Yellen and Bernanke buys....because according to them, they see no signs of inflation and that its well contained.
smart alec.
Milk IS Kosher - so long as you don't serve it with meat!
But, but, butt...
Isn't the back half of the cow... un-kosher?
You'd do better getting milk out of the toilet.
It's got what cows crave......
Most milk available in groceries is labeled "hormone free" these days.
As for the "organic" stuff? Leave it on the shelf!
I have kept organic vegetable gardens and know that organic" is the best way to absolutely purchase NON-GMO ...
But take a look at the fine print on those cartons of "organic" milk sold by unscrupulous profiteers ...
do you notice the words "Ultra Pasteurized" or "UHT" (for short)?
This means that your organic milk has been IRRADIATED so that it will have a much longer "shelf life" -
this way consumers have, literally MONTHS to pick up that carton, instead of about TEN DAYS!
Besides which, anyone who has ever tasted "Parmalat" or milk sold in the Carribean would know that UHT milk has a strange aftertaste which is reminiscent of burnt cheese. Well ... guess what.
Buy simply pasteurized (if you can find it), whole homogenized is A-OK ... but if you are REALLY a milk lover, there is nothing so delicous as WHOLE RAW! Find that at a local dairy - or better, join a local "cow share" at realmilk.org - and drink the stuff that sustained populations for thousands of generations! (Natural probiotics, no extra charge!)
" WHOLE RAW! Find that at a local dairy - or better, join a local "cow share" at realmilk.org - and drink the stuff that sustained populations for thousands of generations! "
and what, associate with terrorists?
LOL! No - associate with "preppers."
Going to be a little difficult to eat cake without any milk.
We all may be eating yellow cake soon enuf. No milk needed. Problem solved.
at the corner ABC store in Honolulu, it's around $10-11 a gallon
How far to the nearest cow from Oahu?
There are several cattle ranches on the islands. Parker I believe is one of them on the largest isle.
Cash and Carry in Seattle has it for 4.50 2/pk of 1/2 gal.
So I should have stacked milk, instead of Gold and Silver.......
Yeah, no inflation in milk, bread, eggs, rent, insurance, gas, electricity - you know those things us peasants need to live.
Just ask Lord and Lady muckety-muck of the elite class.
http://www.youtube.com/watch?v=Iu0Q8CZ6now
"In their styes with all their backing
They don't care what goes on around
In their eyes there's something lacking
What they need's a damn good whacking."
So BTFATH is not a milk reference? All of this confuses me...
(Back to my scotch)
calm down, eveything is ok. just don't drink milk, eat beef, use electricity, utilize a combustible engine, or buy medicine. according to the Fed, inflation isn't a problem because Netfilx is now delivering more for less. or something.
The *cost* to produce milk has not gone up at all since 2008. This is just another racket where farmers are getting richer and richer. Time to get into the beef business and drive around in 100K Custom F-550 Superduties and live in a 5/5/5 home on a ton of acres, with a boat.
Farmers are a protected class, much like the illegal immigrants they pay shit and treat like slaves.
Amurika!
They roll in direct subsidies on top of record high crop prices. Oh, much of that is because of ethanol eating up corn and acreage which drives up other food prices. In the Leftist world this is all okay and part of central planning.
The government teat is not just for welfare/EBT moms. It's everywhere.
As I mentioned yesterday, beef jerky at local gas station cost between $32-47 dollars a pound. Three brands #1 $5.99 #2 $8.09 #3 $9.49 for 3oz. Who in the hell is going to pays $10 for a three ounce bag of jerky in my neck of the woods?
milk just another bubble that will burst
Pooplava's Financial Sense had a piece a couple days ago, an interview with a gentlman (Rigobon) who heads up the 'Billion prices project' at MIT. In essence (and in accordance with FSN's 'new look' wherein no anti-bullish articles or sentiments are allowed), Mr. Rigobon suggests that BLS, CPI and PPI numbers are fairly well in line with his prognositcations and therefore should be trusted as 'accurate'. The interviewer baited him, suggesting that since there had yet been no 'hyperinflation' - or even, high-inflation (read: Inflation in prices as a direct consequence of the increase in supply of money), that people should 'get real' and get with the (Bull) program.
By the way, did I spell the name above correctly (Pooplava) - as in a mental picture of a rupturing Vesuvius of explosive Bull-market Diarrhea? Thanks in advance for the clarification.
The billion prices project has an interesting history, as shortly after it started it began showing a divergence with the CPI, and then the program was shut down. And then it came back without CPI divergence.
Here's a ZH story from 2011 -- after ZH pointed out the divergence, BPP was gone.
I remember when that happened. It went down for quite a while, and things were very hush hush. Good find!
What's interesting is that they didn't adjust the historical data, so if you look at their own charts, you can see the giant gap in 2010 and that the gap disappears right around April, 2011, coincidentally when BPP went offline and then returned.
I just had a conversation with a financial CFA discussing this very interview, They echoed the sentiments of CPI and BPI.
In looking at the charts, I'm having trouble finding the gap, but I remember when it happened. I wonder if there's a way to find data that challenges their model. Have they even published their methodology?
They've stated that the inputs to the model are proprietary data from pricestats, and without the data the model is useless. When they were shut down I know it was said that they'd have to be part of a private venture in order to start up someplace else.
If you look at the second chart at the link (annual inflation), the divergence in 2010 is very obvious, and it ends right around the end of Q1 2011.
What do you think the current inflation rate is? Closer to John Williams or so?
The BPP didn't have the right heuristics, you see.
You see, no one actually cares if a chocolate bar shrinks from 6 oz to 4 oz. Same amount of enjoyment, according to CPI. Likewise, if your ground beef from Taco Bell is now 50% filler, that has no CPI implications. Tastes just as good. MMMMM... 10 pairs of socks instead of 12 in a pack? They last longer now, take our word for it. No CPI implications...
I could do this all day. Or as long as a person can do serious soul-destroying work, any way.
POOP-LAVA is actually spelled Puplava. I agree, I hadn't listened to him for some time. Sounds like he got a talking to by someone, probably ending in an "or else" statement. I have no idea what is going on over there, but it seems like many of these people have gone very quiet, gotten far less vocal etc.
Are they sending NSLs to financial news people? Or are they just sending Yellen's goons to deliver gift packages of brand new nail guns to the "nails" that stick up? It's a serious question. Does anyone have an answer?
Ground Beef just hit a new high also...
roadkill still the same price
Buy whole cuts and grind your own. Or watch your butcher grind it for you.
As per the Fed's balance sheet, the price of Milk should be back to normal levels by the end of the decade.
Cow's milk is for calves and then they only drink until they are weaned. Why do people drink cows milk all their lives?
http://saveourbones.com/osteoporosis-milk-myth/
because of oreos
Sauces?
Ice Cream? I've tried coconut, rice, hemp and soybean ice cream....eh... coconut isn't bad, but i'll take a pint of Ben/Jerrys over any of them.
Make mine Haagen Daz!
I second that. Maybe thirds. Daz good dense Ice Cream.
B&J seems to have developed a bit of air whipped in after being bought out. Varying amounts of air are added to most grocery store ice cream. The best have only 4 or 5 ingredients. B&J prices have ranged over the past year from $3 for a full pint to nearly $6 recently. Wally's isn't bad, not much air - think it is one of those loss leaders.
Whatever happened to Frusen Glädjé ???
Some calves will continue milking their cow even after they have to stand her on a tree stump to milk her.
Not the same as a stump-broke calf, eh?
because of brainwashing by so-called doctors, nutrition experts, commercial marketing campaigns, and addiction to stuff like coffee?
Like cow farts, milk price increases are just noise in the wind - Janet Yellen
that's OK, since milk is so expensive people will simply substitute it with powdered milk and WALLA! no inflation here!
When was the last time YOU bought a box of powdered milk?? It's twice the cost of fresh!
The next craze, Womens Brest Milk Ice cream..
I read in England guys were developing their mammeries to participate in breast feeding. Apparently it's possible, ugh
My sister swears she cured her dog of Parvo virus by feeding him some of her breast milk.
I have heard of using it for minor skin or eye infections and the like, because it has antimicrobial properties.
But you kinda had me there for a minute ...(blink)
'til I realized she likely put it i the dog's dish!
Guess I should have been more specific.
>> The next craze, Womens Brest Milk Ice cream...
Watch this...you can thank me later.
https://www.youtube.com/watch?v=fVdudXoSOqI
Only in New York where there is a
restaurant called Icecreamists, now selling breast-milk ice cream, served in a martini glass.
Bottom's up !
I think its illegal to drink raw milk..the Feds control the milk game...even at these high prices the dairy farmers are getting subsidized.....and roadkill is ilegal too..if you hit a deer out of season and take it home..you are concidered a poacher....Feds again....always there with a rule or law to bust you...they know whats best for you
Only if your State Legislature is controlled by the dairy industry! In many New England States you can buy what is known as "Certified Milk" which means that the milk is not only tested for pathogens on a regular basis, but barns are inspected for cleanliness. Only problem is one usually needs to purchase directly from the Farm. With the "milk clubs" you execute a liability waiver - but the club milk is sourced from farms that feed their herds grass or hay ONLY.
My supplier was Amish, and his children consumed exactly what was sold to customers. Save for a few very rare instances when a cow might have accessed "fermented hay" or early onion grass, it was absolutely delicious - and the cream line fell at mid-gallon. I would order twice a month, and soon learned that it was never necessary to freeze any, as it stayed perfectly fresh in a well-cooled fridge. Some club members swore they could drink raw when they couldn't tolerate pasteurized... and others with Crohn's disease said the butter had a healing effect.
My raw milk has lasted 3 weeks without turning and even when it dies turn its nit gross like pasteurized. Makes great butter.
Mine never lasted 3 weeks because I Swilled the stuff! : )
But on the very rare occasion a little went slightly (sweetly) soured - it was great for making pancakes!
meats are at or near all time highs (live and feeder cattle and hogs)
have to create inflation because that's what banksters need to keep da goobamant happy
starve the masses - that's always a good idea - makes 'em good 'n violent
How can you have any pudding if you don't eat your meat?
Pink Floyd - +10 for the ref.
https://www.youtube.com/watch?v=n5diMImYIIA
don't worry about milk prices.
scientists are putting cow udder/mammary genes in bacteria. soon will will culture cow milk protein directly from bacterial vats. sertiously---this ersatz cows milk will probably taste like shit but be sufficient to sell to people at a basement level price compared to skyrocketing costs of real cows milk.
http://www.dailymail.co.uk/sciencetech/article-2678218/Would-YOU-drink-p...
you know , in a future not too far from now people might keep pet goats for fresh animal milk as there might be NONE around.
Milk is horribe for you. Humans need just the basics: meat, veggies, fruit, nuts/legumes. That's about it I think?
That theory is based in Eastern nutritional philosophy. How do you think the Europeans survived?
Milk isn't horrible fir you. Pasteurized milk is horrible for you. I buy raw, organic milk for 7.25 per gallon but that's a deal when compared to 4 bucks for regular premium brand at the grocery store in Atlanta.
Actually, it's homogenized milk that is thought to be a major culprit. But just try to buy plain old pasteurized - you can rarely find it!
$7.25 is a darned good price for raw organic! Do you need to go to the farm to buy it?
Yes I do and it's a 45 minute drive but its on the way to see my mom so no biggie. For a while our Whole Foods had non homo milk but haven't seen it lately
There are lots of folks who would argue the theory that people don't need to eat "meat." But I am not one of them ; )
Lactose... we (N Europeans) developed a way to break it down...its how we survived the winters..many people still can't...they shit their pants when they drink milk or eat ice cream..most sharp cheeses have no lactose.
Monsanto Cancer Milk
https://www.youtube.com/watch?v=gVKvzHWuJRU
Paying more and it's killing you.
This video was made circa 1990. Since that time consumers have gotten wise to Recominant Bovine Hormone (RbH) and started voting for "hormone free" with their dollars. Today you can almost always buy hormone free milk at your local grocer - as consumers literally drove it from the marketplace. BTW farmers who supply Cabot cheese (of Vermont) have pledged not to use RbH. I would make no such guarantee to folks who eat "American" processed cheese.
If anyone is interested, you are welcome to come over to this survival site. Always looking for members, and to build a community!! Best of all, it's free to register...
With the dumb sheeple in power - having been elected by even more dumber sheeple - since decades and centuries - nothing will ever change.
Except it will have to get much worse - before the even dumber sheeple finally wake up - in a few centuries. Or so.
Wondering why they are still/again in stonage.
You get what you elect.
So you deserve what you get.
Milk prices are determined by the government
http://www.ers.usda.gov/publications/aib-agricultural-information-bullet...
Not at your local dairy farm ... That man needs customers!
Try supporting your privately owned grocer, if you still have one. Milk, $2.99, bacon $3.99/lb, steaks, porterhouse,t-bones, strips, $6.99-8.99/lb, whole pork loins, $1.99/lb, chicken breasts $1.99/lb, thighs $.99/lb, bread $.99/loaf. All these products are grown, baked and raised locally, butchering on premises and it's fresh! Fuck Wal- Mart, Krogers, Meiers.
Walmart's food SUCKS. I have a girlfriend who shops Sam's Club ... not much better!
Whole Foods quality is well worth the extra few pennies for meats, fish, cheese, eggs - but I get my "dry goods" and a lot of local vegetables at the local Shop Rite at very decent prices.
Silly - You are absolutely correct - you can find some good bargains at a local butcher - or fish market - if there is one in your town.
Get rich bitchez, cause janet is hell bent on the poor's extinction. She told you yesterday, aquire wealth or be obliterated.
We've got Janet's number!
We've been stockin' up on split peas and navy beans - bitchez!
I'm long milk in cereal terms
Milk is not tied into the Federal Reserve Petrodollar dollar GDP MSM repeater formula reporting matters. Their is no inflation when a gallon of milk cost more than a gallon of gasoline.
/hahaahhahaa
You can always suck on Pelosi or Hillery's raisin sagging tit's to get a few drops of Marxism milk.
about 3 months ago i read a book called The China Study. basically demonstrating over a period of 25 to 30yrs that eating a diet free of animal fats was significantly healthier. so i've been trying it. one of the benefits has been a much lighter food bill. so far it hasn't been that difficult, fresh produce makes it makes easier no doubt, i'll see what happens in the winter. i admit to feeling healthier, my skin etc looks better...my lab numbers are much improved. so when i think about prepping now, it's relatively easier. a garden or garden boxes essentially and a store of nuts and grains.
I believe all of what you write. Except for the "healthier" parts.
indianajohn,
give the study a glance. the research is fairly compelling.
Read it more carefully -- it's not necessarily the animal fat. Cambell showed in something like 20 years of lab work that he could turn cancer on and off by increasing decreasing the animal protein in diet. The experiments were done with rats and the protein used was casein.
bastiat
my bad! yes, it's animal protein. thank you for the great catch. as always you are spot on.
Rising wedge.
Every time ZH post something about price it is more about sensationalism than facts. Ok based on the chart above, in 1996 milk's high was around 3.9 dollars, minimal wage was 4.75, so you could buy 1.21 gallons with one hour labor. Today at 4.42 and minimal wages on 7.25 you can buy 1.64 gallons for the same hour worked. Shame on ZH for hiding the truth and congratulations to you....you are richer !!
I am not sure, if you missed the point.
The article describes the corelation between milk price and feds expansion .....do u talk the same?
Look at the article's title. And the comments here. ZH is NOT comparing 2 things for the sake or comparison. They are trying to establish a inflation base. Now when you compare data, and some of the data is dubious what king of conclusion you will get to? Milk is cheaper now in real terms. So even if the nominal terms are up, it is still deflation. By comparing it to the FED balance sheet what is he trying to prove. That monetary expansion is deflationary?
http://cnsnews.com/news/article/ali-meyer/new-record-pound-ground-beef-t...
that cheap compared to EU!
Rice sales will hit the hockey curve. Just watch and see.