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Record Beef Prices Soaring By 28% Got You Down? Then Drown Your Sorrows In Cheaper Booze

Tyler Durden's picture




 

The bad news in today's PPI inflation report: pork prices surged yet again, rising 6.8% on the month, and up 24% from a year ago, while beef/veal costs rose by 2.1% on the month to a record indexed 251.8% (we dread to wade through the BLS "hedonic-adjustment" calculation for that particular food product) and are now up a sticky 27.4% from a year ago, which is just shy of the recent record Y/Y jump of 28.6% posted in August. So for all those who still see no inflation, could you please share you Delmonico's expense account with the rest of us?

The good news: for the first time in years, booze prices declined from a year ago. So, with compliments of the hoapy president: don't be moapy and start drinking cheap booze, preferably early and often, as you try to remember - in an alcoholic daze - what beef tastes like.

 

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Tue, 11/18/2014 - 10:42 | 5460969 TahoeBilly2012
TahoeBilly2012's picture

I just went on the wagon...stop

Tue, 11/18/2014 - 10:44 | 5460980 Abitdodgie
Abitdodgie's picture

Rehab is for quitters.

Tue, 11/18/2014 - 10:53 | 5461033 Government need...
Government needs you to pay taxes's picture

Puke and rally, just like the stawk market!

Tue, 11/18/2014 - 11:09 | 5461108 Save_America1st
Save_America1st's picture
"Record Beef Prices Soaring By 28% Got You Down? Then Drown Your Sorrows In Cheaper Silver phyzz"

 

There...fixed it for ya ;-)

Tue, 11/18/2014 - 12:20 | 5461358 kaiserhoff
kaiserhoff's picture

Food prices, especially meat, will be down substantially next year,

  due to dramaticly lower grain and fuel costs plus the stronger dollar helping imports.

If you hate inflation, worry about Scumbamadon'tcare.  That's the wild card.

Tue, 11/18/2014 - 12:50 | 5461458 TruthInSunshine
TruthInSunshine's picture

In most industries, grunt level workers often are mystified that products such as roof shingles spike dramatically in price when crude oil (the biggest raw material input cost used in making them) prices spike, yet the price of these same roofing shingles rarely, if ever, fall appreciably when crude oil prices fall, even if dramatically so.

Tue, 11/18/2014 - 14:08 | 5461800 KnuckleDragger-X
KnuckleDragger-X's picture

The herds were drastically reduced due to feed costs and drought. It takes time to build back up but meanwhile the price sucks.

Tue, 11/18/2014 - 14:02 | 5461802 KnuckleDragger-X
KnuckleDragger-X's picture

Yay dupes!!!!!

Tue, 11/18/2014 - 10:44 | 5460989 Burt Gummer
Burt Gummer's picture

Here Billy, have some Grey Goose on the house.

 

https://www.youtube.com/watch?v=DI7pPVJTeSY

Tue, 11/18/2014 - 10:59 | 5461071 NotApplicable
NotApplicable's picture

Whoever the fuck you're working for must pay well. Actually too well, given your sock-puppet status is easy to spot with only five days of comments with a year and a half old account.

I bet I've downvoted this link twenty times in the last week alone.

Why are you trying to desensitize people to this event?

Tue, 11/18/2014 - 15:05 | 5461958 lasvegaspersona
lasvegaspersona's picture

UZI4U    to say

 

for those who do not fully appreciate fine cinema Burt Gummer was one of the main characters in the Tremors franchise. They made 4 movies and a telly series. Burt was played by Michael Gross (who also played Alex P Keaton (Michael J Fox) in Family Ties. The original also starred Kevin Bacon, Reba McIntyre and Fred Ward. As the series progressed they apparently got rid of the higher priced talent but maintained the great non CGI special effects. It ranks above all other movies ever made and is screened regularly at our home theater (Ok my bedroom) No one else has even made a movie since the final Tremors prequil as it just seemed pointless. I tried to get the UZI4U license plate but some other fan in Nevada already has it...damn....

Tue, 11/18/2014 - 11:03 | 5461090 SethDealer
SethDealer's picture

beef expensive because everyone is on food stamps

Tue, 11/18/2014 - 11:11 | 5461124 Save_America1st
Save_America1st's picture

yeah...the FSA have been on a spending spree since obamy came to town.  Mt. Doo and Cheetos be up too...damn need me mo' creditz on my EBT card, bitchez!

Tue, 11/18/2014 - 12:14 | 5461346 1000yrdstare
1000yrdstare's picture

VEGAN ALCOHOLIC, FTW!

Tue, 11/18/2014 - 13:34 | 5461674 post turtle saver
post turtle saver's picture

I'm sorry... not seeing beef = expensive... because Texas... suck it coasties

yeah, my liquor's cheap too... ha ha bitchez

Tue, 11/18/2014 - 10:45 | 5460978 yogibear
yogibear's picture

Does this include moonshine?

Tue, 11/18/2014 - 11:02 | 5461084 duo
duo's picture

ooooo, a down month after a year of 15-33% price increases?  So I get to save 1% over a price that has doubled in the past two years?

Tue, 11/18/2014 - 10:47 | 5460979 Cognitive Dissonance
Cognitive Dissonance's picture

"Just substitute some horse meat or rat into your diet and shut the fuck up." - The BLS

<And don't forget the Jagermeister to wash all that shit down.>

Tue, 11/18/2014 - 10:50 | 5461012 pods
pods's picture

"Beef is too expensive honey.  Hey, look, here is some cheap pork."
"Wait, what's Long Pig?" 

pods

Tue, 11/18/2014 - 10:58 | 5461055 Dr. Engali
Dr. Engali's picture

Having no clue what you were talking about, I had to look Long Pig up. Short of taking myself out, is there any way of getting off this fucked up rock?

Tue, 11/18/2014 - 11:13 | 5461134 Save_America1st
Save_America1st's picture

WTF!?  Fuck...I'd never heard of that term either until just now.  Wish I hadn't just looked it up, but at the same time I'm glad I now know what that means.  hahaha

Can we still eat bacon????  LOL

Tue, 11/18/2014 - 11:27 | 5461192 Government need...
Government needs you to pay taxes's picture

I hear the NYC's homeless increased 6% YoY.  When does the season open, and where I do I buy a few tags?

Tue, 11/18/2014 - 12:45 | 5461437 TruthInSunshine
TruthInSunshine's picture

TIS's useless trivia for Tuesday:

"Long pig" is also used interchangeably with "Long pork," and is a description that is roughly translated to mean human flesh by cannibals in Borneo.

These bush/jungle people feasted on many downed fighter pilots during WWII, and developed a tasting preference based on ethnicity of the following order (where No. 1 tastes best and No. 3 tastes worst):

1) Japanese (they believe Japanese pilots to have had the sweetest flesh by far),

2) White or predominately white Caucasians (they aren't nearly as sweet as Japanese people, but are "palatable" in a do or die situation),

3) Negroes (many cannibals in Borneo found Negroes or those of Negro ancestry to be bitter, tough and completely unpalatable, and in fact, would be loath the eat most parts of any Negro).

This has been TIS's useless trivia for Tuesday.

Tue, 11/18/2014 - 11:03 | 5461080 Cognitive Dissonance
Cognitive Dissonance's picture

That's just wrong, wrong, wrong.

Tue, 11/18/2014 - 11:28 | 5461189 Ms. Erable
Ms. Erable's picture

Definitely a different take on baby back ribs.

Tue, 11/18/2014 - 12:37 | 5461404 Duc888
Duc888's picture

 

 

Banksterz, the other white meat.

Tue, 11/18/2014 - 11:24 | 5461180 MalteseFalcon
MalteseFalcon's picture

When you substitute cheaper horse meat for expensive beef, you create deflation. 

 

DON'T YOU DO IT!!!!!!!!!!!!!!!!!!

Tue, 11/18/2014 - 15:13 | 5462035 lasvegaspersona
lasvegaspersona's picture

or...drug, kill and cook your neighbor...

then tell the family it is just a rat in the oven...

Where did we go so wrong?

Tue, 11/18/2014 - 10:45 | 5460983 q99x2
q99x2's picture

Moooooooooo. Easy does it. It works if you work it. Live and let live. One day at a time. Don't think drink. 

Tue, 11/18/2014 - 10:44 | 5460986 gimme soma dat
gimme soma dat's picture

Life is good for vegetarian drunks. 

Tue, 11/18/2014 - 10:44 | 5460990 Dr. Engali
Dr. Engali's picture

 "So, with compliments of the hoapy president"

 

You spelled dopey wrong Tyler.

Tue, 11/18/2014 - 11:06 | 5461107 Chief Kessler
Chief Kessler's picture

Yes the prez did that , wtf, are you going to tongue his bung because gas is down ?

Tue, 11/18/2014 - 10:46 | 5460992 Q-Q-Q
Q-Q-Q's picture

Necessinflation - everything necessary to sustain life is rising in cost.......................well that was until alcohol started to drop!

Tue, 11/18/2014 - 10:46 | 5460995 mrpxsytin
mrpxsytin's picture

Australia has the ability to supply all the beef that the USA could consume. The prices are only rising because the US refuses to import enough supply. Allow beef to freely move from Australia to the USA and your beef price would be dropping a lot. Artificial shortages...

Tue, 11/18/2014 - 10:48 | 5461007 Peter Pan
Peter Pan's picture

And then watch Australian prices rise.

Tue, 11/18/2014 - 10:53 | 5461024 mrpxsytin
mrpxsytin's picture

Which brings on more supply. We have the ability to bring on a lot of supply. 

Tue, 11/18/2014 - 11:05 | 5461098 Chief Kessler
Chief Kessler's picture

Don't tell Muricans they're not the best at sumnin, dey hate dat

Tue, 11/18/2014 - 10:55 | 5461036 gimme soma dat
gimme soma dat's picture

We also have to save our desert tortises. 

Tue, 11/18/2014 - 11:18 | 5461154 youngman
youngman's picture

I thought you guys were having a big drought also....drought bad for beef..nothing to eat

Tue, 11/18/2014 - 10:47 | 5461000 gamera9
gamera9's picture

Add that to less expensive hookers and legalized weed, Yes We Can!

Tue, 11/18/2014 - 10:47 | 5461003 yogibear
yogibear's picture

Pretty soon only the 1%ers will only be able to afford beef.

The 99% will be eating rat meat like in Demolition man.

https://www.youtube.com/watch?v=JeBt8_MMpU8

 

Tue, 11/18/2014 - 10:49 | 5461014 mrpxsytin
mrpxsytin's picture

Not in Australia. Our meat prices are going down: http://www.mla.com.au/Prices-and-markets

Tue, 11/18/2014 - 10:49 | 5461018 Cognitive Dissonance
Cognitive Dissonance's picture

Mmmm, tastes like chicken.

<So does soylent green.>

Tue, 11/18/2014 - 10:58 | 5461058 Chief Kessler
Chief Kessler's picture

I eat more chicken than any man ever seen - Jim Morisson

Price of beef got y'all down? Welcome to the world bitchMuricans.

Tue, 11/18/2014 - 10:52 | 5461010 NoDebt
NoDebt's picture

Salesman meets with a farmer at his place to show him the latest GMO seedcord but on his way in, notices the farmer's prized pig only has 3 legs.  Salesman asks him how that happened.  Farmer says the pig rescued the whole family from a fire last season.  Salesman asks if that's how the pig lost his leg.  Farmer said no, no, nothing like that, he made it though just fine.  It's just that with a pig that special, you don't eat him all at once.

Tue, 11/18/2014 - 10:53 | 5461027 chairman of the...
chairman of the bored's picture

Platinum vodka,very cheap and very good...with rat...

Tue, 11/18/2014 - 10:54 | 5461032 craus
craus's picture

Cheers

Tue, 11/18/2014 - 10:55 | 5461037 Spungo
Spungo's picture

I save money by drinking urine

Tue, 11/18/2014 - 11:00 | 5461076 Chief Kessler
Chief Kessler's picture

Does that make yer pee stank?

Tue, 11/18/2014 - 10:54 | 5461039 stant
stant's picture

Buy some beefeaters to hedge

Tue, 11/18/2014 - 10:55 | 5461044 Government need...
Government needs you to pay taxes's picture

And the raping of the American middle class continues.  You won't see any beef shortage @ the tables of our 0.1% Congressional 'representatives'.

Tue, 11/18/2014 - 11:00 | 5461074 mrpxsytin
mrpxsytin's picture

I almost feel sorry for you. I think nothing of having beef 7 days a week if I want. It's so cheap and bountiful here in the land of plenty. If any of you guys manage to make it over here I'll take you down to the local park and cook you up some steaks on the free-to-use bbqs supplied and maintained by the local council. 

Tue, 11/18/2014 - 11:20 | 5461160 youngman
youngman's picture

Thats not beef...thats rabbit...and you have a lot of those

Tue, 11/18/2014 - 14:50 | 5461973 General Decline
General Decline's picture

@mrpxsytin

 

I'll be down under in Feb.  I'll be up and down both the east & west coasts.  I'll take you up on your offer

Tue, 11/18/2014 - 14:43 | 5461950 woody188
woody188's picture

Let this be a warning to you. The "free-to-use" bbqs are actually paid for by taxes and probably cost 10X as much as they should because some local council member's brother sells them. This is how it all begins. You have been warned!

Tue, 11/18/2014 - 10:55 | 5461046 WTFUD
WTFUD's picture

Veggies Rule
Meat is Murder.

Never met a healthy well adjusted vegetarian ; no i lie , i had a wabbit in 1981,

Tue, 11/18/2014 - 10:56 | 5461050 Bell's 2 hearted
Bell&#039;s 2 hearted's picture

WTI digging another hole

 

down 1% ... under $75/barrel

Tue, 11/18/2014 - 10:58 | 5461062 ClowardPiven2016
ClowardPiven2016's picture

here in Virginia the governor has proposed a tax increase on alchohol to cover the state budget deficit

Tue, 11/18/2014 - 11:05 | 5461072 Dr. Engali
Dr. Engali's picture

Never ever does the idea of spending less enter their fucked up heads.

Tue, 11/18/2014 - 11:23 | 5461174 Government need...
Government needs you to pay taxes's picture

Why spend less?  If govt spends more, they can protect you even better!  Don't you get a warm fuzzy feeling knowing the employees at the Social Security Office are gunned up for the Apocalypse?

Tue, 11/18/2014 - 11:04 | 5461086 Chief Kessler
Chief Kessler's picture

When they're not runnin guns they're runnin booze virginnyins

Tue, 11/18/2014 - 11:05 | 5461094 The Fonz...befo...
The Fonz...before shark jump's picture

Wows thats some forward progressive thinking by the VA GOV....just slap a tax on booze....glad they are getting paid the big bucks....

Tue, 11/18/2014 - 11:11 | 5461120 Manipuflation
Manipuflation's picture

Well, I'm glad there is cheap booze because I get to drive my truck to Wisconsin today and it is a raging alchoholic.  I swear that I should I send the damned thing to Hazelden for a little time by the lake.  It is just is not afraid to burn the liquor gasoline.  I need my four wheel drive today though so what can you do?  There goes four potential ounces of silver that I will never own.

Tue, 11/18/2014 - 12:42 | 5461190 Toyota echo
Toyota echo's picture

MEAT GMO

GRAIN GMO

Tue, 11/18/2014 - 12:18 | 5461357 Notsobadwlad
Notsobadwlad's picture

Social change ... we are always given an incentive to do what they want us to do.

Tue, 11/18/2014 - 12:37 | 5461408 1stepcloser
1stepcloser's picture

go get your free vaccinations 

Tue, 11/18/2014 - 13:13 | 5461576 alexcojones
alexcojones's picture

I love the "Eat Moar Chikin" cow commercials,

But stay away from fast food unless drinkin or dis spirited.

Tue, 11/18/2014 - 13:33 | 5461671 hoist the bs flag
hoist the bs flag's picture

whiskey is the way to go...and PBR in a can.

Tue, 11/18/2014 - 15:11 | 5462028 limacon
limacon's picture

"Let them drink, since they don't wish to eat."

Roman Admiral Pulcher 

http://en.wikipedia.org/wiki/Battle_of_Drepana

Tue, 11/18/2014 - 16:45 | 5462323 MeelionDollerBogus
MeelionDollerBogus's picture

prepare to be appalled

inflation it can't be called

Can't eat veal

for it isn't a steal

but at least there's alcohol

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