This page has been archived and commenting is disabled.
Beef Prices Hit Record: Up 30% In Past Two Years
While the Fed may continue to claim inflation is non-existent, except for those "few" Americans who can't afford a house and thus have to rent (incidentally, in New York the average rent just hit a record), inflation is all too present for those other Americans who still enjoy occasionally eating eating beef as opposed to its sawdust-inspired substitute found in various fast-food venues across the US.
According to the BLS, after a torrid 2014, in which there was a 24% surge in beef prices which central planners blamed on everything except their policies, in May the Beef and Veal price index just rose to a new all time high of 260.8, up 12.3% from a year ago, and up 30% in the past two years.
So yes, aside from soaring rent prices and costs of food that won't actually force you into an early grave, there is almost no inflation anywhere. Well, except gasoline prices too. After dropping sharply through the end of 2014 and in January, they have unambiguously surged pretty much in a diagonal line ever since.
Source: BLS
»
- 18257 reads
- Printer-friendly version
- Send to friend
- advertisements -
Alpo. It's what's for dinner.
Dont worry, it's only food so it's not in core inflation
Rising gas prices are unambiguously good.
Of course, anything to boost the market for that day.
Lets see, rent food and gas? What about automobile prices? What about health insurance? What about homeowners insurance? Property taxes?
Tell me again there's no inflation? Cockbites who have the gall to say shit like that, need a sock stuffed in their big mouths.
Not to worry, EBT card values have been ramping up to cover this non-existent inflation. Sit back and watch other people work for food. Enjoy your steak and Ripple. Dear Leader gots you covered.
Lol....Ripple.
It's the war on money, as in the value of your money...
http://galeinnes.blogspot.com/2014/06/the-war-on-money.html
The origins of the record-high cattle prices lie in ethanol and the 2013 Midwestern drought. Cattlemen compete with ethanol producers for corn. A shriveled US corn crop in 2013 intensified that rivarly and sent grain prices to unprecedented levels. The drought also baked pastures, which is where cattle spend most of their lives.
http://www.theguardian.com/business/2015/jan/16/steak-bacon-get-more-expensive-cattle-hogs
Revolutions around the world will not start because of water or pollution etc but because of hunger and food unavailability to the poor and the unemployed....due to lack of money.
Revolution in Tunisia happened because a poor vegetable seller was not allowed to sell his vegetables. Last year there was an incident in Egypt as well where a man murdered the shop owner when he was caught for stealing a loaf of bread because he had not eaten for days. I am sure this has occured in many other cities around the world.
It is bound to get worse in the months ahead.
Yesterday in Guangdong, China, a Wal Mart manager, 27 year old mother, was killed by a man who was eating snacks for free in Wal Mart perhaps because he had not eaten in days...and when confronted, he swiped a knife and killed the manager in the presence of 4 security guards.
http://www.dailymail.co.uk/news/peoplesdaily/article-3121262/Walmart-man...
WELCOME TO THE HUNGER GAMES!
Where man is pitted againt man - as desired by the ruling elite! (exactly like in the movie).
I cannot stress this enough learn how to grow, in most of America even in the north you can get 3 growing seasons in. You don't need that much land to produce more than your family can eat. I do it on a 1/3 of an acre. Get some chickens they eat anything and take about 30 min a week to maintain. The more independent we are the larger our middle finger is pointed at them.
Hi froze25,
I totally understand and appreciate your thoughts while you scream from rooftops!
However, you must appreciate the following two issues:
1. Most people who have energy and vision and are below the ages of 35 (are non chalant until they reach their breaking point) or above the age of 55-60 (have passed most of their life and have enough savings or money) cannot be bothered. In ddition, older ones are passive. The younger lot will react only when they reach their breaking point or their internet is shut or income is shut or something like that. Until then no one cares for the most part because majority are clueless. In some cases like Greece, Chile, Egypt etc where they have reached breaking points, we are seeing or have seen changes. Educated masses as we are seeing in America are generally subdued very easily by propoganda and the stress can be delayed for another few years or so but not forever unless a major permanent solution is found of which there seems to be no ideas since exports, money etc everything is shrinking! While terrorism and inflation keep rising!
US found a solution of 9/11 after the 2000 tech crisis and Govt spending rose dramatically. After the 2008-2009 crisis, they found QE and things got kicked a bit more. If this time any event like a stock market correction or major unrest or whatever else occurs, there will be no solutions no more!
2. Most people in today's world are urban residents and have never seen or lived on a farm unless they travel to exotic cities or other countries. Hence, they do not even have access to farms or land etc and are not used to it. Most countries do not have sufficient land available anyways like desert like cities (Middle East, parts of Australia come to mind) or land has finished (like in Singapore or HK or Japan or to some degree India, China etc). Very few countries like US have the luxury of ample availability of land but most has been converted into estates for the rich and famous but with population growing and lots of rocky and arid terrain, land may be tight as well. And more so, money may not be available either from savings nor from the banks because people have no jobs and hence no savings and banks are insolvent anyways.
When both the above scenarios are combined on a global level and given the fact that in the last 130 years we have risen from 1 billion in global population then 2 billion in 1927 and today are exceeding 7.2 billion, there is simply no land available to use on this planet. Almost everything from food, land, air, water that could be exploited has been consumed.
For folks like you, who are lucky to own something in a far away remote place, they are just lucky. But outside of such lucky people who can be counted in millions or low tens of millions including their families worldwide (who are NOT clueless and lucky both), what about the rest of 7 billion who have no money, no jobs and are being suppressed?
There is just no way around this perfect storm of openly obvious income inequality, poverty, lack of land, lack of food leading hunger and malnutrition, rising illiteracy, insufficient jobs, high rents and cost of general living, health issues, stress, suppression by Govts in various forms (police in Western countries, drones and missiles in others and sanctions in some more) etc. due to which we have crossed the point of no return and there is simply no turning back!
The future decade looks bleaker than ever before!
Hey Dubai - There are literally hundreds of pasture acres within a five mile radius of my rural MO acreage for sale at this moment for under $2000 per acre in small parcels or large. It's still a buyer's market. Plenty of water and the lowest cost ofiving in the US, five minutes from a huge Corp of Engineers lake.
You get off the hubbly bubbly and look around. End fear porn. Get active. Secure your food supply.
Food supply secured. What next?
Can it accomodate 50 million people? Problem is not of a thousand people in trouble...
How does one earn a living in rural MO?
Just keep eating all day....? ;)
Oh, I thought you were taking up some problem solving on a get real level, ie your own family and friends. If you want to feed everybody, then the food distibution system has to change.
.gov pays US farmers in the bread basket not to grow food. Also highly regulates processing and packaging to increase retail costs and prices. Millions starve not because of the capacity of the planet to grow food, but the hungry don't have money to exchange for it at these prices. If you are a banker, then you know how that works.
I am practicing growing plant material using low water methods like aquaponics and hydroponics. In the event that a popular cash crop becomes legal, I am ready like Fat Freddie's cat. Otherwise, I don't spend much in my current lifestyle and quit working on EPC project management jobs when the $10bn high speed rail from Tampa to Orlando job folded. Stayed in FL two years looking for project work, burning savings big time. Took the 401k savings left and bought an inexpensive place in bugout country. Happy I did it.
Worked in Abu Dabai for a while once. Pardon the hubbly bubbly comment. Been there; done that.
Aquaponics and permaculture...
So I guess this means we just have to wait until Soylent Green gets to expensive. Or I guess in today's terms that's Pink Slime.
Miffed
The teevee sed there iz no inflaytion
The algo begets the alpo. lol.
Mom, dad, where's the beef?
Let them eat steak!
There are Hebrew Nationals at Publix for $6. It's a 12 oz package. So that is $8 per lb for hotdogs.
The toughest cuts are at $4.59/lb on sale. The ones I wouldn't even buy when they were cheap(top round). Cubed steak at $4.99!!! I saw t-bone at $7.99/lb on sale. Who's paying those prices? Welfare recipients, I guess. Pork and chicken are no where as high which leads me to believe that a lot of that flu talk is, likely, industrial sabotage.
Supplemental
Nutritional
Assistance
Program
Bitchez!
Soylent Green is humans!
Soylent green day is Tuesday.
the scoops are comming
Gas has been making a stealth move upwards. It just topped $3.00 here yesterday.
About a dime behind you around here, but yes, slowly creeping up.
All I can say is this must be good news. Since the Tylers said falling oil & gas prices were 'unambiguously bad', I guess we're out of the woods now.
Out of the woods and into the woodchipper.
A few days ago, in these parts, 87 octane (10% ethanol) and diesel were the same price, $2.59.
Meanwhile my electric Nissan Leaf suffers none. Only $20/month to charge my batteries.
The stealth inflation for you happens when you have to replace the batteries.
like the transmission or engine in regular cars? I won't have to change batteries for over 10 years and by then they will be super cheap. Nissan guarantees them for 5 years, so I'm good. And if you really know a few things about batteries, I probably only have to change a couple cells which is even cheaper. Plus electric vehicles require virtually no maintenance so the money I saved from gas and maintenance is a lot more than the cost of batteries. Like I didn't do this research before I got an EV, lol.
meaninless numbers, without a mileage context.
EZ. Lets say for 100,000 miles. For me, all I have to do is probably buy 1 set of new tires, a couple gallons of windshield wiper fluid and change the brake pads 3-4 times and that is it. I only need a yearly inspection as it does not need an emission inspection.
Nissan provides an 8 year, 100,000 mile guarantee on the battery.
http://www.nissanusa.com/electric-cars/leaf/charging-range/battery/
For an ICE car (internal combustion engine), include the above plus:
transmission fluid, oil change, oil filter, air filter, spark plugs, spark plug wires, cleaning the intake, cleaning the exhaust, O2 sensors, MAF sensor, radiator flush/fill, thermostat, water pump, serpentine belt, timing chain, changing gaskets, other sensors, emission inspection, leak repairs, regular car battery, etc.
Gee no brainer.
nissan leaf is going to make the perfect bug out vehicle when America finally goes full on baltimore as soon as the snap cards will get you 6 days of food.
how does an electric vehicle operate after an EMP?
Same question for any regular car in the last 30 years. Look man, we still got horses.
Nothing of any modern consequence is going to survive an EMP. Better learn how to read a paper map!
Most cars made within the last 15 years need only a couple of items out of that list before 100,000 miles. Oil change, transmission oil change, battery, air filter clean/change, spark plugs maybe. Even my '95 993 just needed just oil/transmission changes before 100,000 miles.
Not saying a Leaf is a bad car if you have cheap electricity or already have solar. I can't imagine if everyone had an electric car that that would work in the States.
I dispute that. I've driven many gas cars before my Leaf. Owned Chevys, Hondas, Toyotas, VWs, Saturns, Infinitis, Acuras and if you've read those car forums or personal experiences, they would dispute that too. Just look at the recall lists. In Philly, electricity is 9 cents a kw. For pure clean energy like all solar or all wind or combo, the rates are about 11-13 cents a kw. I"m no tree hugger, I just hate paying for needless expenses. You would think they know how to build a perfect car by now...
My 04 tdi has about 360000 miles on it.
Bought new for 25,000 USD
Over 55 MPG.
What is the MSRP on a leaf before government incentive programs?
28 grand for my base level - which the base level is pretty nice, heated front/rear seats, heated steering wheel, 100% torque, silent,buttery smooth driving acceleration. But I lease so I get no incentive program.
And everyone and every mechanic in the world knows that VWs are one of THE most unreliable cars on this planet. Yes you get 55 mpg, I get well over 100 and the cost of maintenance on VWs flat out overrides any gas savings you may get. Bought new for $25k but probably spent $25k on maintenance at a minimum.
2 sets of brakes, 1 set of front upper strut bearings, 3 timing belts, and a clutch. Not sure why people think VW's are unreliable. I will concede that I have replaced the tail lights at least 6 times, which does seem a little much.
Plus I have a VW certified tech that does the work for $65 CAD/hr
I have a 2011 Leaf with 35K miles and i can't agree really. The maintenance is great and we have solar so the "fuel" is sort of free. I have a 30 mile commute and a rise of 1000 feet. After four years I can no longer make a round trip to work and the battery replacement is 6K. The warranty really does not apply and they lied like any good capitalist. They claimed the battery would only degrade by 20% in 5 years but I have had that much in four. So if you live on a flat cool place and only need 15 miles maybe.
Wow Doc. I wish the price of gas here was that low. $3.56 a gallon this morning in the sunny Bay Area. Gotta have that special formula, just for California, ya know.
That's because we pay a dollar per gallon in taxes........for the children.
Last time I checked the pump said $0.85 tax. Did the extra gas taxes go through to get to the $1? All these taxes and I am driving on almost completely destroyed roads and freeways. $3.79 for 91 in the LA area.
Buzz, you're forgetting that the little stickers on the pump don't include sales tax. If you take the $0.85 out, you're still paying about $0.25 - $0.30 a gallon in state sales tax. So your $0.85 goes up to at least $1.10......for the children.
Try 3.79/gal on for size, here in cloudy geo-engineered to hell, so. cal.
i guess because congested traffic, air/water quality not fit for breathing/drinking, high rent, insurance, living among the largest mass of clueless/stressed out folks, etc. etc. etc.....is the envy of many other states, we should be glad to pay a premium for the privilege of living in this shithole of a desert. makes a whole lotta sense--just like everything else...
Because avian flu.
Yes. The flying cow population has been decimated.
Ewe herd it here first.
grow your veggies, eat your veggies, loss some fat, move a little. seems like a winner to me.
Beef is just a byproduct of running a government subsidized ranch. It should be free. The Fed should intervene and knock futures prices down. Same way copper is a byproduct of digging gov and banker subsidized holes in the ground. These by products should be free.
Their intervention is what is causing this. The "middle men" have been widdled down to so few that they are jacking up the prices. What we need is the freedom to buy directly from Farms "butchered" outside of FDA controlled slaughter houses.
Yes. I was just highlighting how they mess with futures prices on every thing they do not believe needs to be a profitable or useful business.
Fortunately, the government assumes we will switch from beef to an alternate protein, so effectively there is no food inflation. The only problem with that is figuring out how to cook a three eyed Japanese fish -- they're pretty cheap these days!
Have you considered insect protein?
At some point, I bet you will.
What about pink slime prices?
Find a local grass fed farmer, buy a cow or half a cow...throw it in a freezer. Lock in your prices.
This is what Ive been doing for the last couple of years. I split a cow with my Mom from some rancher that lives near her. Another bonus is Ive also been making my own soap from the rendered fat (tallow).
The good part about your rancher, most likely anyway, is he actully cared for the critter. Ranchers tend to turn stock out in the pasture, not lock them up in a yard where they wallow in filth when it rains and get injected with all sorts of drugs and hormones as they do here in cattle county USA. Not saying all ranchers are drug free, but many of them are since the stock tends to be much healthier, to the point they don't need all the crap the feedlot cousins do just to make it to market.
Do you have to use the move of buying the cow alive then hiring the rancher to preform butchering services after you buy the cow? To avoid the FDA bull shit, pun intended. I could be dealing with a NY state thing, here that is what we have to do.
This comment seems a bit sketchy to me.
Not FDA but USDA, right? USDA is the agency that rules meat processing in the US. FDA doesn't deal directly with the food supply as far as I know.
my food bill hasn't increased a penny and my dumpster diving training business is booming. i am going to be rich. my next investment is a dumpster diving grocery store and restaurant franchise.
Hunt deer, or just go to a local livestock auction and buy beef on the hoof to cut your price of beef in half.
You never have to touch the animal because butchers will cut and wrap it for you straight from the auction. Split it with a neighbor(s) for a side of beef or quarters it if a whole one is too much for your freezer. Ditto pork and lamb.
This is what real people do in flyover country where there are no Pop Tart trees.
Hunting deer is like hard and stuff...unless you bait em on private land but that's just farming them not really hunting them.
...7+ billion people (and growing) all hunting deer...
good luck with that.
exponential equations and moral hazard are a real motherfucker.
Don't worry man, 99.9% of the population in america wouldn't be able to shoot a thing, they'd be in the woods playing dub step on their iphones wondering why they haven't seen a deer all day.
they'll make an app for that
Red Hot Ripplets will be in the snack machines for a little while, then they will be gone till next growing season.
Good luck!
in the 30's deer disappeared due to rampant hunting.
I think it would take all the DHS arsenal to make that happen in Burleston County, TX.
I'm lucky and live in Smokey Mtns on some acreage. You're right, it's like living on a deer farm. Even had a Black Bear in my driveway last week.
There are more deer now than there was during the Revolutionary War. There's more open spaces for their food source. They've become a hazard. Lots of people drive early in the mornings to pick up the overnight road kill deer. Free food.
"Kill 'em and grill 'em!" -- Ted Nugent
The flip side to all those deer (i live in Wisconsin) is that they carry ticks which carry diseases. Just found bulls eye rash this past weekend. Yippee! Now i have Lyme disease. Woods are full of them this time of year. 20 days of antibiotics... If you don't catch it early...it becomes nearly impossible to treat. Ugly disease and its not the only one. They also carry Babesia and Bartonella.
The result is the same.
Yup, just put a quarter in the freezer last week, bought it straight from the rancher.
Nice!
Yellen was asked about food inflation and beef prices, and she suggested that if beef is too expensive, then people should just eat cake.
God I hope you're joking...
The lunacy of the age we live in is mind boggling
There's no joking on Zero Hedge.
The real problem for the .gov is the fact that increasing food costs will ultimately increase the SNAP liability...
exponential equations and moral hazard is a real motherfucker.
You can substitute armadillo and opossum mean for beef.
Armadillio, AKA possum on the half shell, are known carriers of leprosy. Don't pick up these road kill. I have seen a whole family of them pile out of a rotting beef carcass. The kids were being raised in there. In general, avoid creatures that eat carrion.
Bring on the Biblical pestulence. Armadillo in Rapture Cream Sauce.
Did Chelsea just discover she actually does like money?
Let's not forget that US inflation numbers are completely fake.
The Chapwood Index for 2014 was 9.7% and official CPI in the land of the free was only 0.8%. So real inflation was 1212.5% of the official inflation.
Real inflation from 2011 to 2013 was 9.9%, 10.7% and 10.2% respectively per the Chapwood Index.
What is the Chapwood Index?
"The Chapwood Index reflects the true cost-of-living increase in America. Updated and released twice a year, it reports the unadjusted actual cost and price fluctuation of the top 500 items on which Americans spend their after-tax dollars in the 50 largest cities in the nation."
http://www.zerohedge.com/news/2015-05-29/inaccurate-statistics-and-threa...
It's free when you have EBT or snap so price is irrelevant to the free shit brigade.
surf and turf every night must be nice.
Chicken prices will match this or go even higher with the bird flu.......I know eggs are going way up right now.....
All we have to do is release Eggs, Chicken, and Beef from the War Reserve, National Stock Pile, Strategic Reserve, or Agriculture Department Ranching Subsidies.
Commodity shocks are well known and US has great war planners, emergency planners, economic planners, and FEMA.
Well... Okay New Orleans and Hurricane Sandy are bad examples.
S/ Anyway we can see the bill. $18 Trillion in Federal Debt.
At least pork prices are falling and I dont have to fight with the chosenites at the meat counter.
Youngman, I'm afraid you can blame high egg prices on my fellow residents of California. A law was passed requiring all eggs sold in California to be from farms that provide a minimum amount of space and other things for the hens. Since major egg producing companies supply to more than just California, they passed on their increased costs to everyone. I recall that eggs about doubled in price pretty much overnight here when that passed. At Costco, eggs that had been about a dime apiece are now a quarter apiece.
Think of the USSA's growing population, due to immigration and immigrant births. More agricultural land disappears, more WATER is needed, more FOOD is needed. More HOUSING is needed.
Ah PROGRESS! Or is it something else...
Beef prices are still very low compared to long term averages - when adjusted for inflation.
Besides, cattle can graze on subprime land, and will again once prices make it profitable.
Killing cows is like killing your own mother. Only cynical barbarians do it. These sleazy creatures will be killed the same way over and over again because the law of karma rules the material world.
Wow, Mad Cow Disease in a vegan. That's reportable!
He cries tears of patchouli.
Yes, yes, meat is murder
(tasty, tasty murder).
Thats the way most people that shit, piss, brush their teeth and bathe in the Ganges River feel too.
I was in my local supermarket yesterday to pick up a couple of steaks.... the price was so high, the security guards on either end of the meat counter told me to either buy, or move on.......
Govt inflation statistics; hedonics-got to love it. If you can't afford steak then you will buy ground beef (and we will count it as steak). Now, if you can't afford ground beef, you will buy dog food (and we will count it as steak). Riiiiggghhhht!!!
I prefer to eat Eggplant.
Morning bitches http://bpp.mit.edu/usa/
Thanks. I needed a good laugh.
ShadowStats and Chapwood are must read sites!
I'm told if you strip out food, fuel, entertainment, health care costs, and rental housing that there isn't any inflation. What's the prob Sheeple?
www.traderzoo.mobi
you forgot the tax on the CO2 you breath and utilities
No, it is not inflation! It's just pricier, that's all,
A three day old bottle calf, from a Holstein milk herd is $500. Up from $50 5 years ago. Yeah, I can spell 'bubble'
My client whacks over 500 (withered old dairy) cows a day and sells 2,000-pound tubs of boneless beef to the McBurger supplier here in Florida.
I'm not sure about the sawdust, but I know for sure they buy a $#!+load of real beef.
And, yes, the prices for live cattle and beef have skyrocketed over the last couple years!
Withered old dairy cow is some of the worst meat there is. Folks that don't know better think it's ok until they eat something good like grass fed/corn finished Jersey or similiar. Just stuck a half in the freezer last week, raised out at the folks........less any drugs or growth hormones of course.
I can buy organic grass fed all day long here for 5$/lb as I was until we got some more in the freezer.
400 lb Holstein feeders were 800 dollars. We will fatten to 12 or 13 hundred lbs and do the killing and cutting ourselves . Last year with the higher grain prices we still had finished edible proud 3.28 a lb. is it work to feed , water and scoop manure from time to time. Also a weekend of work for cutting , grinding make wrapping etc. The flavor of the finished product is priceless and hormone and anti biotic free .
Buy land neighboring me and I will raise your family's meat supply for you. No chemicals except worm meds. My neighbor and I bought three calves last fall and have them on five acres of grass. Start small. Get off your a$$e$.
On my 1.5 acres. I raise 100 meat birds twice a year and sell eggs to people off my front porch with 100 layers out on the grass. Living Lawn Ornaments.
Are just going to sit there and let the hammer drop on you and the people you care about? Get up the gumption to do something, FFS.
You think food price inflation is going to heal itself? Scarcity is a beatch.
The Federal Reserve loves double digit inflation while denying it.
This will be short-lived. With the recent rains in Texas and Oklahoma, I'm sure there will be a lot more pasture available and with prices this high, ranchers will get greedy and flood the market with beef sooner rather than later.
This a short quiz for you.
How many days, weeks, years does it take to get a new born calf to market weight on grass range supplemented with hay when grass is scarce?
You don't have a clue, do you?
all part of the liberal plan....no beef and no gas cars....does this surprise anyone? I mean if "liberals" wanting Hillary the Bitch of Wall Street, doesn't scream hypocrisy I don't know what does. Democrats doing every bidding of the billionaires and beating down the middle isn't enough of a clue....then beef increasing 200% while pork and chicken don't move......should clue you in! What's for dinner...Cellulosic fiber!