Author Topic: Why Meat Prices Are Going To Continue Soaring For The Foreseeable Future  (Read 857 times)

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Offline kelee877

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The average price of USDA choice-grade beef has soared to $5.28 a pound, and the average price of a pound of bacon has skyrocketed to $5.46.  Unfortunately for those that like to eat meat, this is just the beginning of the price increases.  Due to an absolutely crippling drought that won’t let go of the western half of the country, the total size of the U.S. cattle herd has shrunk for seven years in a row, and it is now the smallest that is has been since 1951.  But back in 1951, we had less than half the number of mouths to feed.  And a devastating pig virus that has never been seen in the United States before has already killed up to 6 million pigs in this country and continues to spread like wildfire.  What all of this means is that the supply of meat is going to be tight for the foreseeable future even as demand for meat continues to go up.  This is going to result in much higher prices, and so food is going to put a much larger dent in American family budgets in the months and years to come.



One year ago, the average price of USDA choice-grade beef was $4.91.  Now it is up to $5.28, and the Los Angeles Times says that we should not expect prices to come down “any time soon”…



Come grilling season, expect your sirloin steak to come with a hearty side of sticker shock.
 
Beef prices have reached all-time highs in the U.S. and aren’t expected to come down any time soon.
 
Extreme weather has thinned the nation’s beef cattle herds to levels last seen in 1951, when there were about half as many mouths to feed in America.
 
We’ve seen strong prices before but nothing this extreme,” said Dennis Smith,a commodities brokerfor Archer Financial Services inChicago.“This is really new territory.
The outlook for pork is even worse.  The price of bacon is 13 percent higher than it was a year ago, and porcine epidemic diarrhea is absolutely devastating the U.S. pig population



A virus never before seen in the U.S. has killed millions of baby pigs in less than a year, and with little known about how it spreads or how to stop it, it’s threatening pork production and pushing up prices by 10 percent or more.
 
Scientists think porcine epidemic diarrhea, which does not infect humans or other animals, came from China, but they don’t know how it got into the country or spread to 27 states since last May.
It is estimated that up to 6 million pigs may have died already, and it is being projected that U.S. pork production could be down by 7 percent this year.  That would be the largest decline in more than 30 years.
But even if someone brought an end to this pig virus tomorrow, we would still be facing a very serious food crisis in this nation.
The reason for this is the multi-year drought which is crippling farming and ranching in much of the western half of the country.
As you can see from the latest U.S. Drought Monitor update, the drought shows no signs of letting up…



http://www.zerohedge.com/news/2014-04-10/why-meat-prices-are-going-continue-soaring-foreseeable-future
http://prepareforfuture2.forumotion.com/

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Offline zeker

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i rarely buy anything more than pork or chicken.. and last week when doing the monthly shopping, all the pork and beef was outta my price range. so its sausages and chicken for the month. in hopes that next month will be more reasonable.. doubtful.  I do have the dried moosemeat that I done cpl yrs back. very good for spaghetti and gravys.
beef is not on the menu very much. even fish is cancelled at my house.. cannot stand to buy the stuff from vietnam or cambodia or china or... or...
gonna spend more time fishing this yr. altho I dont believe in buying a license to feed myself. the gov feels differently.
 
 
of all the things I,ve lost.. I miss my mind, the most

Offline icrcc

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I have a solution!   I learned this from the food industry. I will still by meat but I will cut the portions in half. That way I can convince myself that even if goes up 30% I will have paid saved because I am paying less for the portion! I can also convince myself because now I have two portions I am actually buying more meat not less. Another day in paradise!  :P
It may never happen. Best to be prepared just in case.

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Offline Greenguy

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Good thing MacDonalds burgers don't have much meat at all (if any) in them, or they might be in a real spot trying to supply their restaurants.