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Prepare For A 15% Food Price Surge, Rabobank Warns

Tyler Durden's picture


The record US, and global, summer drought has come and gone but its aftereffects are only now going to be felt, at least according to a new Rabobank report, which asserts that food prices are about to soar by 15% or more following mass slaughter of farm animals which will cripple supply once the current inventory of meat is exhausted. From Sky News: "The worst drought in the US for almost a century, combined with droughts in South America and Russia, have hit the production of crops used in animal feed - such as corn and soybeans - especially hard, the report said. As a result farmers have begun slaughtering more pigs and cattle, temporarily increasing the meat supply - but causing a steep rise in the price of meat in the long-term as production slows. "Farmers producing meat are simply not making enough money at the moment because of the high cost of feed," Nick Higgins, commodity analyst at Rabobank, told Sky News. "As a result they will reduce their stock - both by slaughtering more animals and by not replacing them." Somewhat ironically. food prices are now being kept at depressed prices as the "slaughtered" stock clears the market. However once that is gone look for various food-related prices to soar: a process which will likely take place in early 2013, just in time to add to the shock from the Fiscal Cliff, which even assuming a compromise, will detract from the spending capacity of US (and by implication global) consumers.

The "mass liquidation" of animals - which Rabobank said will pick up pace in the beginning of 2013 - will contribute to food prices hitting new highs.


The cost of pork is expected to rise at the fastest pace - by 31% by the end of June next year - while beef costs could increase by up to 8%.


"This record cost of meat and dairy will combine with already-high crop prices to increase food prices by 15% by the middle of next year," Mr Higgins added.


This would see food prices reach their highest level on record, up by 175% compared to the year 2000.


But the report stressed that the current situation is very different to the crisis of 2008 – in which food stables of the world’s developing economies, like wheat and rice, were severely affected.


The bank's research follows official figures that showed inflation had slipped back to 2.5% in the UK - closer to the Bank of England's inflation target of 2%


But Mr Higgins warned that next year’s food price rise could push inflation in the UK higher, and so further away from the Bank's target.

And who will be the biggest loser once the market starts purchasing pork futures with both hands? Why the same country whose central bank resolutely refuses to join the global easing carnival, precisely for fears of what may happen to pork prices: arguably the most critical component of the Chinese inflation picture. Recall that when it comes to measuring inflation, not everyone is like the US, with a food weighing of just under 8% of CPI: India and China are far more susceptible to food price shocks, as the food component of CPI is 47% and 31%, respectively.

Furthermore, in China pork is by far the most consumed "red meat." A surge in the price of pork as global inventories plunge could well result in the kind of food protests that toppled various regimes in the MENA region in the spring of 2011. But don't worry: this too, like everything else, will be fixed by the central planners. After all, the VIX by then will likely be in the low-single digits at current rates of artificial volatility collapse, and all shall be well.


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Wed, 09/19/2012 - 12:06 | 2811451 Acet
Acet's picture

Long pigs, Bitchez!

Wed, 09/19/2012 - 12:09 | 2811469 JPM Hater001
JPM Hater001's picture

I hope this doesnt effect the availabilty of my Kosher bacon.

That would really piss me off.

Wed, 09/19/2012 - 12:15 | 2811483 vast-dom
vast-dom's picture


Wed, 09/19/2012 - 12:20 | 2811503 madcows
madcows's picture

What about corn and wheat and soy?  Can I eat those?  B/c those are in short supply, too... and used to feed all sorts of animals, like chickens.  Which means the cost of eggs, dairy, meat and GRAINS are ALL going up.  They have you fucked 6 ways from sunday.

Wed, 09/19/2012 - 12:25 | 2811526 Precious
Precious's picture

Fuck foodstuffs, gas and commodity prices.

What we really need in America is a gay marriage amendment to the US Constitution.

Wed, 09/19/2012 - 12:32 | 2811551 camaro68ss
camaro68ss's picture

Fuck it, who needs to buy food when the bernake can just print me some food.

Wed, 09/19/2012 - 12:35 | 2811559 francis_sawyer
francis_sawyer's picture

    "Pork bellies ~ I knew it"


Wed, 09/19/2012 - 12:58 | 2811677 GetZeeGold
GetZeeGold's picture



You dollar!


Wed, 09/19/2012 - 13:29 | 2811814 Ruffcut
Ruffcut's picture

Is bernanke howard sterns next "pig vomit"?

Wed, 09/19/2012 - 13:14 | 2811754 Abitdodgie
Abitdodgie's picture

Some guy has printed a lower recever for an AR15  from a 3d printer, so food printing will soon be possible

Wed, 09/19/2012 - 14:15 | 2811962 krispkritter
krispkritter's picture

Yes! They just have to figure out how to get Soylent Green to spool up and hit the right melting point. They you can print that Thanksgiving turkey and don't even have to cook it! Gives new meaning to the phrase "Come and eat kids, Mom just made dinner!"

Wed, 09/19/2012 - 20:40 | 2813464 pipefit
pipefit's picture

I heard the i-phone 5 has an ap for that, lol........

Wed, 09/19/2012 - 16:16 | 2812690 Pooper Popper
Pooper Popper's picture

SUPER! Lets have a Parade!!!

Wed, 09/19/2012 - 16:18 | 2812695 madcows
madcows's picture

Beer summits,


green energy,

GLBT marriage,

a budget,

fat farms for kids,

expensive vacations for moochelle,

golf outings

anything but addressing the real problems.

Wed, 09/19/2012 - 16:42 | 2812788 Mysteerious Roo...
Mysteerious Rooshian Vooman's picture



L.O.L. Made me laugh! +1


Wed, 09/19/2012 - 12:31 | 2811545 vast-dom
vast-dom's picture

meat causes corn/grains to go up. 

Wed, 09/19/2012 - 12:47 | 2811611 kralizec
kralizec's picture

No, that's the water-wasting corn-based ethonol complex!

Wed, 09/19/2012 - 17:50 | 2812924 DaveyJones
DaveyJones's picture

more corn is produced for ethanol now than for food and, of course, it's negative net energy. And, of course, most corn and soy are GMO monsters. Other than that, our food systems are A OK. Oh, except for water tables, petroleum fertilizers, top soil erosion......

Wed, 09/19/2012 - 12:53 | 2811653 WillyGroper
WillyGroper's picture

How can you have any pudding if you don't eat your meat?

Wed, 09/19/2012 - 13:20 | 2811781 Ruffcut
Ruffcut's picture

Fuck you, "I STILL WANT IT!"

Wed, 09/19/2012 - 12:16 | 2811489 WALLST8MY8BALL
WALLST8MY8BALL's picture

Brick Top: "You're always gonna have problems lifting a body in one piece. Apparently, the best thing to do is cut up the corpse into six pieces and pile it all together.And when you got your six pieces, you gotta get rid of them. Cause it's no good leaving it in the deep freezer for your mum to discover. Now, is it? Then I hear the best thing to do is feed them to pigs. You gotta starve the pigs for a few days, then the site of a chopped-up body would look like curry to a pisshead. You gotta shave the heads of your victims and pull the teeth out for the sake of the piggies digestion. You could do this afterwards, of course, but you don't want to go sifting through pig shit, now do you? They will go through bone like butter. You need at least 16 pigs to finish the job in one sitting, so be wary of any man who keeps a pig farm. They will go through a body that weighs 200 pounds in about eight minutes. That means that a single pig can consume two pounds of uncooked flesh every minute. Hence the expression "as greedy as a pig"."

Wed, 09/19/2012 - 12:35 | 2811560 camaro68ss
camaro68ss's picture

I dont know what bothers me more, you know all this information, or knowing I have to wait a few more months before dancing with the stars is back on.

Wed, 09/19/2012 - 14:41 | 2812210 ParkAveFlasher
ParkAveFlasher's picture

Snatch +1

Wed, 09/19/2012 - 14:43 | 2812221 Overfed
Wed, 09/19/2012 - 13:32 | 2811829 Red Heeler
Red Heeler's picture

Throw in a flock of chickens to speed up the process.

Wed, 09/19/2012 - 16:25 | 2812714 James
James's picture

I live in Fl.

We have wild pigs.

Should chit go mad max I plan on using those pigs for disposal.

FYI, New Zealand rabbits are a good source of meat.

Protein Bitchez

Wed, 09/19/2012 - 12:18 | 2811495 FL_Conservative
FL_Conservative's picture

Eat mor chickin'.

Wed, 09/19/2012 - 12:39 | 2811581 francis_sawyer
francis_sawyer's picture

The eyes of the piglet in that foto are definitely saying that...

Wed, 09/19/2012 - 12:18 | 2811499 slaughterer
slaughterer's picture

All commodities futures will be manipulated by the NYFED by an army of NYU grad students to paint the picture that QEternity is not inflationary.   Artificial commodity price suppression will frustrate all supply/demand analyses calling for price rises in major commodities until commodity bulls like Jim Rogers are squirming like a pig.   

Wed, 09/19/2012 - 13:02 | 2811692 fonzannoon
fonzannoon's picture

The situation you describe seems to be total control, not manipulation. It's only manipulation if it eventually comes to an end by natural brute force of the markets.

Wed, 09/19/2012 - 13:09 | 2811732 LMAOLORI
LMAOLORI's picture



You say po ta to she says po tat o 

And Now, Documentation (Alleged Rigging Against Investors)

Wed, 09/19/2012 - 12:33 | 2811556 cbxer55
cbxer55's picture

Long Pork, bitchez!

Wed, 09/19/2012 - 13:05 | 2811711 1100-TACTICAL-12
1100-TACTICAL-12's picture

Got 4 ready to butcher, Waitin on some cold weather..

Wed, 09/19/2012 - 16:48 | 2812808 Umh
Umh's picture

Long freezers.

Wed, 09/19/2012 - 12:45 | 2811608 MiltonFriedmans...
MiltonFriedmansNightmare's picture

India?  China?  Haven't you gotten the memo yet. Simply exclude the volatile food and energy sectors from the indicies; problem solved.

Siwwy wabbits.

Wed, 09/19/2012 - 13:45 | 2811883 Mike7.62
Mike7.62's picture

Long Pigs. Funny, that's what the cannibals in New Guinea call human flesh. Soylent Green anyone?

Wed, 09/19/2012 - 15:08 | 2812362 MillionDollarBoner_
MillionDollarBoner_'s picture


Things are gonna be THAT bad?

Wed, 09/19/2012 - 12:06 | 2811452 SHEEPFUKKER

I guess I may have to eat my gold then if food prices spike. 

Wed, 09/19/2012 - 12:08 | 2811462 Acet
Acet's picture

Maybe now it's a good time to stock up on tins of freeze dried meat ...

Wed, 09/19/2012 - 12:46 | 2811617 kralizec
kralizec's picture

Damn skippy!  Buy in bulk!

Wed, 09/19/2012 - 13:04 | 2811706 Cast Iron Skillet
Cast Iron Skillet's picture

no iPad?

Wed, 09/19/2012 - 12:06 | 2811453 Cognitive Dissonance
Cognitive Dissonance's picture

Beans, bullion and bullets. The order changes a bit, but the mix does not.

<Honey, more beans.....I'm begging you.>

Wed, 09/19/2012 - 18:59 | 2813236 intric8
intric8's picture

Yeah those items will be necessary because we'll all be hiding out in caves with canned goods and a shotgun at the rate things are going

Wed, 09/19/2012 - 12:07 | 2811458 Robot Traders Mom
Robot Traders Mom's picture

Thank God Facebook stock certificates are edible...


I don't want my son to starve! 

Wed, 09/19/2012 - 14:11 | 2812031 Hippocratic Oaf
Hippocratic Oaf's picture

I like my FB rare, with a side of GRPN and a touch of ZNGA


Wed, 09/19/2012 - 12:07 | 2811460 vmromk
vmromk's picture

Hey Bernanke, some hungry mobs are going to be looking for a fall guy very soon.

Wed, 09/19/2012 - 12:29 | 2811519 Dr. Engali
Dr. Engali's picture

The angry mobs will be directed to some other fall guy who ,ironically, will have nothing to do with pork.

Wed, 09/19/2012 - 13:56 | 2811938 V in PA
V in PA's picture

The price of food is so high because people are hording gold. It's their fault. "Confiscate the gold so we can eat" will be the cry.

Wed, 09/19/2012 - 12:08 | 2811463 JPM Hater001
JPM Hater001's picture

I thought pork was the other white meat?

Or was that Romney.

Wed, 09/19/2012 - 12:09 | 2811467 Todd Horlbeck
Todd Horlbeck's picture

The us citizen has too much flesh and too much debt, and this price surge might help


Wed, 09/19/2012 - 12:14 | 2811475 LouisDega
LouisDega's picture

Does this include pancakes? I like Pancakes... And waffles too

Wed, 09/19/2012 - 12:13 | 2811476 Arnold Ziffel
Arnold Ziffel's picture

Hey, ZH, that looks like a picture of my cousin Wilber. Here we are together in our fun youthful piglet days:

Wed, 09/19/2012 - 12:13 | 2811480 Jason T
Jason T's picture

total factor productivity going negative

Wed, 09/19/2012 - 12:16 | 2811482 Captain Benny
Captain Benny's picture

I just picked up a ton of sausages at Smiths (Kroger) for $1.50 per pack of 6.  Pork italian sausages of various flavors from Colosimo (Jordon, Utah).  Man I love having a freezer to store this yummy meat!  Stock up the proteins and bullets fellas!

Wed, 09/19/2012 - 12:17 | 2811492 LouisDega
LouisDega's picture

Try Wunderbar German bologna. That shit is inflation proof. It never goes above $2.49/lb

Wed, 09/19/2012 - 12:37 | 2811569 francis_sawyer
francis_sawyer's picture

Mortadella bitchez...

Wed, 09/19/2012 - 12:59 | 2811680 Flakmeister
Flakmeister's picture

Be sure to stock up on the hypertension meds while you are at it....

Wed, 09/19/2012 - 13:42 | 2811872 aerojet
aerojet's picture

That's because they just adjust the percentage of sawdust in it accordingly.

Wed, 09/19/2012 - 13:02 | 2811694 Bam_Man
Bam_Man's picture

Salame, cagne!

Wed, 09/19/2012 - 14:24 | 2812109 MeBizarro
MeBizarro's picture

You are aware that is full of nitrates, likely high in saturated fat, and almost certainly contains its share of filler and cartilage.  Why not learn to make sausage yourself?  Its not that hard and just requires you to buy casings & a sausage grinder.  I have mind from my grandfather which was made in Sicily circa 1910.  Simply two-piece machine with a hand crank and feeder. 

Wed, 09/19/2012 - 14:44 | 2812225 ParkAveFlasher
ParkAveFlasher's picture

Sicily eh?  Does it have a "tax collector" setting? 

Wed, 09/19/2012 - 16:30 | 2812737 James
James's picture

Sicily eh?  Does it have a "tax collector" setting?


That's what woodchippers are for

Wed, 09/19/2012 - 14:55 | 2812288 EscapeKey
EscapeKey's picture

Stock up on protein? Absolutely. However, sausages contain large amounts of carb, salt, water, and fat.

If you want protein, stock up on chicken breast, turkey, steaks, and some types of fish.

Wed, 09/19/2012 - 17:26 | 2812941 DaveyJones
DaveyJones's picture

Read "The China Study" if you want an interesting look into protein sources and human effects

Wed, 09/19/2012 - 12:15 | 2811484 HaroldWang
HaroldWang's picture

Now will this happen before or after the China/Japan war?? Or the Isreal/Iran war??

Wed, 09/19/2012 - 12:16 | 2811486 Vincent Vega
Vincent Vega's picture

I am happy to see that this is only a price surge and not inflation. <sarc>

Wed, 09/19/2012 - 14:50 | 2812250 madcows
madcows's picture

Transient.  If I get to chose the items that are used to measure inflation, then I can make inflation any number I want it to be. 

Wed, 09/19/2012 - 12:16 | 2811487 madcows
madcows's picture

Squirrel meat and spam for everyone.  Hedonics says "NO" to inflation.

Bernanke The Ass-Clown

Wed, 09/19/2012 - 12:35 | 2811548 LouisDega
LouisDega's picture

Dont laugh. Lt. Columbo ate squirrel meat and loved it, Until he was told what it was (Swan song episode).

Wed, 09/19/2012 - 13:07 | 2811722 exi1ed0ne
exi1ed0ne's picture

Hunger makes the best sauce.

Wed, 09/19/2012 - 14:45 | 2812230 Red Heeler
Red Heeler's picture

Don't bash squirrel. I'll be having my first Brunswick Stew in a few weeks.

By choice.

Wed, 09/19/2012 - 12:16 | 2811490 whoopsing
whoopsing's picture

Short long pork ?

Wed, 09/19/2012 - 13:07 | 2811687 mayhem_korner
mayhem_korner's picture



Where I come from, "pork" is a verb, and "short pork" runs about $80 on backpage.

Also, we should pay tribute to our star wars buddy Porkins...


Wed, 09/19/2012 - 13:49 | 2811896 viahj
viahj's picture

he got what he deserved

Wed, 09/19/2012 - 12:18 | 2811497 fuu
fuu's picture

Umm bullish?

Wed, 09/19/2012 - 12:19 | 2811501 foodstampbarry
foodstampbarry's picture

awww da widdle piggy... you're so cute..yes u are... yes u are..... Now get in my Belly! 

Wed, 09/19/2012 - 12:20 | 2811507 Dareconomics
Dareconomics's picture

And don't forget about the Fed's contribution to inflation:

Wed, 09/19/2012 - 12:20 | 2811509 rustymason
rustymason's picture

15% seems like a lowball figure to me. Regular inflation is already what, 5% or more? Plus whenever I drive around Texas and Oklahoma, alls I see these days is mostly empty fields, very few cattle. Don't know about pigs but it seems like there has been a whole lot more beef selloff than the official figures suggest.

Wed, 09/19/2012 - 13:02 | 2811696 mayhem_korner
mayhem_korner's picture



How many of those green egg smokers u see in TX and OK these days?  May explain the void of meat in the fields...

Wed, 09/19/2012 - 14:48 | 2812240 madcows
madcows's picture

Real inflation currently at 11%.  Current food inflation at 13%.

Wed, 09/19/2012 - 17:29 | 2812956 DaveyJones
DaveyJones's picture

I've noticed it's easier to grow beans than cows in the front yard

Wed, 09/19/2012 - 12:21 | 2811513 km4
km4's picture

Glad that US has chow weighin in at just under 8% of CPI ( snark )

Wed, 09/19/2012 - 12:23 | 2811518 mt paul
mt paul's picture


one less moose...

Wed, 09/19/2012 - 12:50 | 2811521 Banksters
Banksters's picture



Suck my Dick, inflation is low- Dr bernank

Wed, 09/19/2012 - 12:24 | 2811522 What_Me_Worry
What_Me_Worry's picture

100% physical bacon

Wed, 09/19/2012 - 12:25 | 2811525 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

RAT is a delicacy in parts of Asia ...

New York is in no short supply.

Wed, 09/19/2012 - 14:05 | 2812000 krispkritter
krispkritter's picture

You're talking about the big ones on Wall Street right?

Wed, 09/19/2012 - 12:26 | 2811527 stant
stant's picture

guess thats why the mcribs on hold

Wed, 09/19/2012 - 12:26 | 2811528 lsbumblebee
lsbumblebee's picture

Speeding up production in those slaughterhouses should help spead E.coli faster and more efficiently. 

Bouef. It's an ontomontopiea.

Wed, 09/19/2012 - 12:27 | 2811532 Magnix
Magnix's picture

Be veg and live longer!

Wed, 09/19/2012 - 12:56 | 2811663 madcows
madcows's picture

I'd rather eat meat, be happy and die younger than eat bark, be unhappy and live a really long time.  Why would I try to extend my life so that I could eat bad food for even longer?

Wed, 09/19/2012 - 17:30 | 2812968 DaveyJones
DaveyJones's picture

plants are bad food? News to me (and a lot of scientists)

Wed, 09/19/2012 - 13:25 | 2811795 mayhem_korner
mayhem_korner's picture



When I eat meat, i get the veggies the meat ate.

Wed, 09/19/2012 - 19:45 | 2813348 ali-ali-al-qomfri
ali-ali-al-qomfri's picture


Wed, 09/19/2012 - 15:56 | 2812603 Rylie
Rylie's picture

You can't make friends with Salad!!!

- Homer Simpson 

Wed, 09/19/2012 - 12:42 | 2811596 Yen Cross
Yen Cross's picture
Prepare For A 15% Food Price Surge, Rabobank Warns. That means we can expect an additional "15% surge" in SNAP card usage as well?
Wed, 09/19/2012 - 12:42 | 2811598 Seasmoke
Seasmoke's picture

as long as the McDonalds $1 Menu, does not go up to $1.15, all is well................

Wed, 09/19/2012 - 13:26 | 2811804 mayhem_korner
mayhem_korner's picture



'cept the $1 burgers will be

       really really small

Wed, 09/19/2012 - 13:27 | 2811806 Ruffcut
Ruffcut's picture

Showa they do not use meat. They like th epink slim andGMO soy meal shit food, and fried in transfat oil.

I shit my pants thinking about it.

Wed, 09/19/2012 - 17:31 | 2812971 DaveyJones
DaveyJones's picture

why should it go up. It's not food

Wed, 09/19/2012 - 12:44 | 2811607 El Tuco
El Tuco's picture

I have read that only half of the food produced for domestic consumption is actually eaten. The rest is thrown out as waste. That leads me to believe that low prices are allowing people to throw out good food instead of eating it. As prices get more expensive it may change this behavior.



Wed, 09/19/2012 - 14:51 | 2812260 ParkAveFlasher
ParkAveFlasher's picture

I don't throw away food unless it's rancid/moldy/soured. Eat every bite. 

Bread:  Cut it into cubes and let it stale on the counter, put it in a paper bag.  It won't mold once staled.  Wake it up with eggs and milk, then bake.  Bread pudding.  I have a bag with all the cubed ends of the sourdough loaves I buy, some is at least six months old.

Eggs:  Hard boiling makes them last weeks.  On the counter.

Milk: freeze it.

Fruit: jam it.

Veggies: dry it.

Meat: smoke it or roast it.

And whatever gets bad, put it in the garden.  Pee on it in the light of the moon so as not to bother the neighborhoods.  Great fertilizer.


Wed, 09/19/2012 - 15:12 | 2812372 MillionDollarBoner_
MillionDollarBoner_'s picture

And keep some chickens !:O)

Fri, 09/21/2012 - 07:55 | 2817229 Temporalist
Temporalist's picture

There is no need to hard boil eggs if you have a refrigerator.  They last longer than anything else that is in your fridge.  A fresh egg will last at room temperature for 3-4 weeks.

Wed, 09/19/2012 - 17:14 | 2812846 Umh
Umh's picture

People who are given stuff in this case food don't think of it as having value. This is the main reason that we can't reduce poverty by giving people stuff; they just treat the free stuff like it's worthless and presto it becomes worth less.

Wed, 09/19/2012 - 17:33 | 2812973 DaveyJones
DaveyJones's picture 

nothing sums up america better

Wed, 09/19/2012 - 13:13 | 2811665 kengland
kengland's picture

3 Yorkshire/Duroc crosses coming in spring.

Wed, 09/19/2012 - 13:01 | 2811684 Mitch Comestein
Mitch Comestein's picture

I was at the store last week and saw pork chops being closed out for 1.99/lb, down from 3 1/2.  I bought all they had at that price.  I would have turned my nose at 1.99 four years ago.

BTW, farmland prices are going vertical.  IT IS A BUBBLE!  Example.  A client called me yesterday to get advise on how to handle a gain on a farmland sale.  I am his CPA.  He bought land 11 years ago for $425/acre.  He sold it yesterday for $3325/acre.  If you do the math, that is more than gold's appreciation.  These prices are crazy. 

I do the farmers taxes.  They are not making that much money.  Anyone who buys at these prices will not do well over the next 10-20 years (inflation adjusted).  All crop price 'inflation adjusted' highs were recorded in 2008.  The boom is over, (inflation adjusted). 



Wed, 09/19/2012 - 13:06 | 2811715 Mitch Comestein
Mitch Comestein's picture

I would like to add that oil, nat gas., heating oil, AND GAS FUTures were all higher in 2008.  ONLY PAIN IS AHEAD FOR US.

Wed, 09/19/2012 - 15:00 | 2812317 MachoMan
MachoMan's picture

Exactly.  Same thing here...  money coming here from everywhere (china included) buying up large tracts and paying way the fuck too much for it.  Some people have talked to their elders about the last time this happened...  the same people who picked up sections for pennies on the dollar at tax sale.  Best of luck to folks wanting to eek out 5% on an illiquid and risky investment.  Although, it certainly has a place in a balanced portfolio...

Wed, 09/19/2012 - 13:00 | 2811685 Flakmeister
Flakmeister's picture

Just wait until the next drought..... You ain't seen nuthin yet...

Wed, 09/19/2012 - 17:43 | 2813004 DaveyJones
DaveyJones's picture

go long rain catch reservoirs

Wed, 09/19/2012 - 13:16 | 2811759 JamesBond
JamesBond's picture

That's some pig!



Wed, 09/19/2012 - 13:16 | 2811761 robertocarlos
robertocarlos's picture

Here's a way to pay back the debt. Eat me! Hmm, soylent green.

Wed, 09/19/2012 - 13:41 | 2811869 falak pema
falak pema's picture

A french study on rats has just been published by a scientific lab,  conducted over two years, that is a bombshell against  GMO sweet corn from Monsanto, and its star pesticide product RoundUP. 

OGM : une étude relance la polémique - Libération

I wonder if in the coming weeks this will get publicity in the country that produces and consumes the most GMO : USA.

In europe this corn is forbidden for direct human consumption, but is not forbidden for animal food, so it gets to man indirectly.


Wed, 09/19/2012 - 20:53 | 2813487 Absinthe Minded
Absinthe Minded's picture

Nice huh FP. I can't read French, but I'm pretty sure I know what teumers are. Fuckin' Monsanto = pure evil.

Wed, 09/19/2012 - 13:41 | 2811870 j0nx
j0nx's picture

Drought has DICK to do with it. The government's monetary policies however...

Wed, 09/19/2012 - 13:53 | 2811913 viahj
viahj's picture

what?  your brain can't calculate two variables?

Wed, 09/19/2012 - 17:44 | 2813012 DaveyJones
DaveyJones's picture

I'm sure Cheney's connected somehow

Wed, 09/19/2012 - 14:26 | 2812115 Martin T
Martin T's picture

Historically the highest prices touched by wheat prior to the French Revolution were in 1789. Between 1780 and 1788, the average price for a "setier" of wheat (setier was an old French units of capacity equating to 156 liters), was stable between 19 pounds and 13 shillings and 25 pounds and 2 shillings. Between 1786 and 1787 the price was stable at 22 pounds a setier. In 1788 it rose by 15% but in 1789 it rose by 36% in one year, touching 34 pounds and 2 shillings. The harvest for 1788 was one third lower and this impact was sufficient enough to trigger the doubling of prices in the period 1788-1789. Just before "Bastille Day" on the 14th of July, there was a tremendous storm on the 13th of July 1789 which caused massive destructions to crops.

The proper French revolutionary period (1789-1794) was characterized by poor harvests and very similar meteorological factors witnessed in 1788 and 1789, namely very hot spring-summer periods with very bad weather followed by very cold winters (-21 degrees Celsius in Paris during the winter of 1788), of course any similarities with this year's meteorological events are purely fortuitous given we are rambling again...Are we?

Wed, 09/19/2012 - 14:52 | 2812264 Remington IV
Remington IV's picture

Old Homestead just rolled out that $350 kobe steak !!!


worth the price

Wed, 09/19/2012 - 15:32 | 2812468 jumbo maverick
jumbo maverick's picture

Just came from the store
Two packs of egg noodles=$5.00
Two boxes of Cheerios multi grain=$10.00

Maybe they have everyone so focused of the Fed, gold standard,fiat,etc. that the costs of food is secondary.
A few months ago my buddy and I were talking. He has 4 kids ages 6-14. I told him then that He had better start squirreling some food away. Hope he listened.

Wed, 09/19/2012 - 15:48 | 2812545 CharlesH
CharlesH's picture

Rabobank. Switch the first a and the o. Ironic isnt it :)

Wed, 09/19/2012 - 17:19 | 2812915 steelrules
steelrules's picture
Prepare For A 15% Food Price Surge, Rabobank Warns

The numbers I've been seeing and hearing are more like 30% by Xmas.

Thu, 09/20/2012 - 09:06 | 2814500 El Hosel
El Hosel's picture

If you don't eat your meat you can't have any pudding, if you can't feed the hogs you won't have any meat.... Pink Floyd, revised.

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