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USDA warns of sticker shock on U.S. beef as grilling season starts

ksammutksammut Posts: 1,074 ✭✭✭
in Precious Metals
Is inflation coming?

USDA warns of sticker shock on US Beef
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Comments

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    The Fed Chair says that we are under the 2% annual target on consumer inflation.

    As a good American, I must believe her. image
  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭
    I guess we shouldn't have killed off all those cows 2 years ago. Or maybe its Bernankes fault.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>Or maybe its Bernankes fault. >>



    The only inflation that Bernanke is concerned about now is in his bank account which is quickly swelling from Ben's $250,000 a pop evenings with his Wall Street pals.
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    Venison burgers for me, my trusty .308 Winchester has served me well.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • mikliamiklia Posts: 1,295 ✭✭✭
    TV prices keep falling. So many confuse.
  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭


    << <i>

    << <i>Or maybe its Bernankes fault. >>



    The only inflation that Bernanke is concerned about now is in his bank account which is quickly swelling from Ben's $250,000 a pop evenings with his Wall Street pals. >>



    I'm also jealous.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Or maybe its Bernankes fault. >>



    The only inflation that Bernanke is concerned about now is in his bank account which is quickly swelling from Ben's $250,000 a pop evenings with his Wall Street pals. >>



    I'm also jealous. >>



    I wonder how many here have a skill or other connection that someone would pay $250K for.
    theknowitalltroll;
  • Mission16Mission16 Posts: 1,413 ✭✭✭


    << <i>TV prices keep falling. So many confuse. >>




    This is a good news/bad news thread.
    I need a new TV so I', glad to hear TV's are going down....

    ...but I LOVE steak so this saddens me.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Just one of a hundred reasons to stop eating meat.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>Just one of a hundred reasons to stop eating meat. >>



    Still cheaper than the raw organic Almonds!!!
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>

    << <i>

    << <i>Or maybe its Bernankes fault. >>



    The only inflation that Bernanke is concerned about now is in his bank account which is quickly swelling from Ben's $250,000 a pop evenings with his Wall Street pals. >>



    I'm also jealous. >>



    Not me, I prefer to earn my money.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    That should not come as a surprise to anyone. Ranchers had to trim their herds a couple of years ago due to major drought conditions, at which point most analyst's predicted a rise in the price of beef "down the road."
    BTW, I had no idea, that Ben had so much control over the weather. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭
    I wonder if Bennie boy owns any of the cattle that are in the big feedlots in Texas, Oklahoma, etc.
    theknowitalltroll;
  • bosco5041bosco5041 Posts: 1,303 ✭
    I retired last year and put out my first garden in years this year. That is going to be my second hobby behind coins. That should ease the pain.
  • DenverDaveDenverDave Posts: 2,164


    Eat More Chicken...!

    image

    My Ebay Auctions

    Currently Listed: Nothing

    Take Care, Dave
  • DenverDaveDenverDave Posts: 2,164
    Or P I G Hog...!

    image

    Keep Slacken...

    Happy Memorial Day All...!
    My Ebay Auctions

    Currently Listed: Nothing

    Take Care, Dave
  • tincuptincup Posts: 5,142 ✭✭✭✭✭
    Just had some ribs myself. Unfortunately, the news says the price of pork is on its way up also. Also the price of coffee.

    How am I going to survive??
    ----- kj
  • SilveraholicSilveraholic Posts: 197 ✭
    Eat more TVP(textured vegetable protein). Mmmm...tastes like chicken!
    Veni, Vidi, Vici
  • mikliamiklia Posts: 1,295 ✭✭✭
    speaking of chicken - it constantly amazes me that no matter where one goes in the western world, you can almost always find for sale a fully grown, gutted, feathered, shipped, slow-cooked, tasty-as-heck rotisserie chicken available for under ten bucks.

    and generally speaking, food is more accessible, more diverse and cheaper in relation to income than any time in human history.
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>generally speaking, food is more accessible, more diverse and cheaper in relation to income than any time in human history. >>



    Much of the cost of the cheap food arrives later. Chemical fertilizers and pesticides exact a toll on the human body. Add the more recent practices of food irradiation and genetic engineering and the end cost of our groceries may be astronomical.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>That should not come as a surprise to anyone. Ranchers had to trim their herds a couple of years ago due to major drought conditions, at which point most analyst's predicted a rise in the price of beef "down the road."
    BTW, I had no idea, that Ben had so much control over the weather. image >>



    exactly. OPA remembers as well as I do that this was discussed here months ago. Not "inflation", just the market adjusting itself.

    Prices rise to channel the goods to those who value them most, so they don't spoil in storage, nor run out for those who want to pay up.

    Liberty: Parent of Science & Industry

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>exactly. OPA remembers as well as I do that this was discussed here months ago. Not "inflation", just the market adjusting itself. >>



    So not an itty, bitty amount of that $4,000,000,000,000 in fresh Benny Bucks could have found their way into the commodities market.

    Sort of like taking a shot of penicillin for an ear infection and expecting it to head from your butt to your ear uninterrupted.

    Of course we are experiencing spillover from the reckless and unabated creation of currency.

    Enjoy the $12 steak now as it will be $15 in a year.
  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭
    Started raising my own livestock years ago for this very reason. Lamb, chicken, cattle - doesn't get any better than that. Grass fed, free range, hormone free! I have so many fresh eggs every day my family can't keep up eating them. I rarely cut the grass around my property because the livestock are rotationally grazing around my house with portable solar electric fencing and the chickens free range and clean up after them. My neighbor is a farmer who supplies me with all the hay I need for next to nothing as long as we help him during hay season. Back to basics!
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    maybe citizens ought to vote themselves an "affordable filet mignon act"

    Liberty: Parent of Science & Industry

  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭
    Just paid $18 for 2 decent Ribeyes and $4.99 for a bundle of asparagus, which is one veggie I do not grow myself :-)
    " YOU SUCK " Awarded 5/18/08
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>maybe citizens ought to vote themselves an "affordable filet mignon act" >>



    ...where you can keep your butcher...
  • mikliamiklia Posts: 1,295 ✭✭✭


    << <i>Much of the cost of the cheap food arrives later. Chemical fertilizers and pesticides exact a toll on the human body. Add the more recent practices of food irradiation and genetic engineering and the end cost of our groceries may be astronomical. >>



    I see your GMO fear-mongering and raise you the contemporary human lifespan. That said, if you want to start hating on Monsanto for their anti-farmer bullying, I'm right there with you.

    If one is looking to explain future macro shocks of food prices, climate change is the elephant to Bernake's pea.
  • pf70collectorpf70collector Posts: 6,655 ✭✭✭
    Its only going to get hotter. Tuesday is Soylent Green Day.
    Montana State Quarter Die Clash

    Box of 20
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    My grocery store has Rib Eyes on sale for 40% off reg. price. Gonna take advantage of that sale.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>If one is looking to explain future macro shocks of food prices, climate change is the elephant to Bernake's pea. >>


    Climates change, it's what they do. Your only out is to move near the equator.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • cohodkcohodk Posts: 19,132 ✭✭✭✭✭


    << <i>

    << <i>If one is looking to explain future macro shocks of food prices, climate change is the elephant to Bernake's pea. >>


    Climates change, it's what they do. Your only out is to move near the equator. >>



    Why is it that most poverty and disease and war is centered around the equator?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>If one is looking to explain future macro shocks of food prices, climate change is the elephant to Bernake's pea. >>


    Climates change, it's what they do. Your only out is to move near the equator. >>



    Why is it that most poverty and disease and war is centered around the equator? >>


    I only guaranteed the stability of the weather. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    Why is it that most poverty and disease and war is centered around the equator? >>


    I only guaranteed the stability of the weather. image >>




    image

    image
  • DrBusterDrBuster Posts: 5,379 ✭✭✭✭✭


    << <i>
    Why is it that most poverty and disease and war is centered around the equator? >>



    Because it's hot & humid, and hot & humid is annoying.
  • drwstr123drwstr123 Posts: 7,038 ✭✭✭✭✭
    "Why is it that most poverty and disease and war is centered around the equator?"

    'Cause that's where poor, sick people go to hang out.
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭
    104 degrees here, can do the grilling on the sidewalk.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭


    << <i>104 degrees here, can do the grilling on the sidewalk. >>



    that's hot.

    Liberty: Parent of Science & Industry

  • ArizonaJackArizonaJack Posts: 4,029 ✭✭✭


    << <i>

    << <i>104 degrees here, can do the grilling on the sidewalk. >>



    that's hot. >>



    It's not hot yet, only June 1st.......
    " YOU SUCK " Awarded 5/18/08
  • jmski52jmski52 Posts: 22,858 ✭✭✭✭✭
    The further south you go, the more things want to eat you.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    It's always a wonder why folks decide to live where they live.

    Liberty: Parent of Science & Industry

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    must be the "package deal", it's the only explanation that makes any sense.

    Liberty: Parent of Science & Industry

  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>It's always a wonder why folks decide to live where they live. >>




    I kind of like the heat. Early morning in Tucson is heaven and things get pleasant after the sun sets at 7:30.

    Not quite as nice up in Phoenix though where the evening lows can be 90.
  • cladkingcladking Posts: 28,657 ✭✭✭✭✭
    They could just puff it up with even more sodium tripolyphosphate and water. Add some
    slautherhose sweepings to it and it will stretch it out so far people won't even realize there's
    been 20 or 30% food inflation in just the last couple of years. Someday they'll figure out how
    to package up the "moo" and sell that to is for $2.50 a pound as well.

    I no longerhave any confidence in the FDA or USDA since they appear to have been acquired in
    a hostile takeover.
    Tempus fugit.
  • MGLICKERMGLICKER Posts: 7,995 ✭✭✭


    << <i>They could just puff it up with even more sodium tripolyphosphate and water >>



    Less fat per ounce, in Janet Yellen's eyes that would add value to the product and be deflationary.

    ignorance is bliss.....at least for a while.
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