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Price of Ground Beef Hits Record High

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  • Price of Ground Beef Hits Record High

    (CNSNews.com) - The average price of ground beef hit a record high in the United States in July, according to data released Wednesday by the Bureau of Labor Statistics.
    The BLS has been tracking the average price of a pound of 100% ground beef since 1984. In July, it cost $3.085, up from $3.007 in June.
    Prior to June, the average cost of 100% ground beef in the United States had never topped $3.00.

    Price of Ground Beef Hits Record High | CNSNews.com

  • #2
    Probably because just about everyone except MalWart promised to get rid of the pink slime. Meat costs money.

    95/5 grass fed ground beef at the local Whole Foods $7.99/lb plus we're fortunate enough (sarcasm) to have a 4.5% sales tax on food.
    "Right is right, even if no one is doing it; wrong is wrong, even if everyone is doing it." - St. Augustine

    B*tch-lite

    Who says back fat is a bad thing? Maybe on a hairy guy at the beach, but not on a crab.

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    • #3
      My uncle tells me a lot of things. Some are totally accurate, and some are exaggerations. On meat, he is currently stocking an extra freezer full of meat and fruit because of the food crisis that will hit this nation within a year or so. Apparently a great water shortage as well as rough weather over the past year ruined a high percentage of this year's crops and also forced farmers to slaughter way more cattle than they wanted to. Some people lost all of their herd because they simply couldn't feed them or give them water. The effects of the crop and cattle loss are not IMMEDIATE, but he expects stories like the one above to become headlines and major issues in the coming months.

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      • #4
        And as usual, the government is doing everything in its power to make the situation that much worse:

        Obama Administration Seeks To Inflate Meat Prices

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        • #5
          This president must be the 2nd stupidest we've had.

          Is there a Canadian out there who needs a wife?
          "Right is right, even if no one is doing it; wrong is wrong, even if everyone is doing it." - St. Augustine

          B*tch-lite

          Who says back fat is a bad thing? Maybe on a hairy guy at the beach, but not on a crab.

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          • #6
            Originally posted by JoanieL View Post
            Is there a Canadian out there who needs a wife?
            I'm not Canadian, but I'm preparing to move to Uruguay. Which, btw, is where Wegmans gets its grass fed beef. Ooops...wait a minute. Don't think my fiancee would appreciate my inviting you along, so never mind. lol

            Seriously, it was shocking that the president wants the price of meat to increase in order to keep the bribes from the ethanol producers coming. We are all getting screwed six ways from Sunday, and the political hacks in DC are ok with that. They got theirs, so we can just suck hind...well, you know the rest.
            Live your life and love your life. It's the only one you get.

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            • #7
              Wiltondeportes has it pretty much right, it all comes back to supply and demand on multiple fronts.

              There is a limited supply of feed for the cattle and pork out there and it is decreasing, as existing crops in storage are being used, grass hasn't been growing due to the drought, and most of the corn belt got hit hard with the drought as well (for example, last time I checked, 49% of the corn in the fields in my state was rated poor or very poor). Sure, the producers can slaughter their animals to avoid the run up in feed costs, but that only helps them in the short term, as they will need to buy or breed their replacement stock (the former isn't cheap, when cattle prices are increasing and the latter takes years).

              At the same time, demand is increasing, due to increased exports to/demand from the Asian market, the ethanol mandate (and the article overstated the use, but it would take about 24.4 million acres of the 89.1 million that are planted in corn, or roughtly 27.5% of the total US corn goes to ethanol) as well as people wanting their steak.

              So yeah, there is a bit of a perfect storm in meat prices on the horizen and as people are starting to see that, it is getting reflected in the prices at the supermarket. I haven't looked to see if the liveweight (i.e., wholesale) price of beef has been going up, but I'm betting it has.
              turquoisepassion - I MUST KNOW ALL THE THINGS

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              • #8
                we pay $12.50 per kilo12.50, so we pay $5.68 per lb, or $4.58 in US dollars.

                So, i'm not that upset about it honestly.

                When you are also paying $8.76 per gallon of gas (exchange rate at 7.07USD), then I'll pull out my violin for you.

                Of developed nations, NZ has one of the lowest per-capital income rates, and yet we pay a lot for basic essentials that americans --- who have a lot of wealth -- complain about.

                Be honest, living in another country opens one's eyes to the value of what you have -- including when you are actually happy to pay that much for your food.

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                • #9
                  Originally posted by Mike in Virginia View Post
                  I'm not Canadian, but I'm preparing to move to Uruguay. Which, btw, is where Wegmans gets its grass fed beef. Ooops...wait a minute. Don't think my fiancee would appreciate my inviting you along, so never mind. lol
                  Awww.... you're sweet. I'm guessing I'm way too old for you anyway.

                  Re-word: Are there any Canadian old farts who need a wife?
                  "Right is right, even if no one is doing it; wrong is wrong, even if everyone is doing it." - St. Augustine

                  B*tch-lite

                  Who says back fat is a bad thing? Maybe on a hairy guy at the beach, but not on a crab.

                  Comment


                  • #10
                    Prices are going up here in Canada too. Gas prices have a huge impact on the cost of farming, and with poor yields here due to lack of rain, things could get expensive. Bales of hay have doubled in price, corn and wheat isn't good this year. I'm very fortunate to be able to buy from the farm gate, I couldn't afford much in the store.
                    Fighting fibromyalgia and chronic myofascial pain since 2002.

                    Big Fat Fiasco

                    Our bodies crave real food. We remain hungry as long as we refuse to eat real food, no matter how much junk we stuff into our stomachs. ~J. Stanton

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                    • #11
                      It's not just the prices of meat, etc. I'm just so appalled at the bald faced thuggery that is my government. It's like some perverted Robin Hood stealing from the working class to give to the corporations. sigh...
                      "Right is right, even if no one is doing it; wrong is wrong, even if everyone is doing it." - St. Augustine

                      B*tch-lite

                      Who says back fat is a bad thing? Maybe on a hairy guy at the beach, but not on a crab.

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                      • #12
                        Originally posted by JoanieL View Post
                        It's not just the prices of meat, etc. I'm just so appalled at the bald faced thuggery that is my government. It's like some perverted Robin Hood stealing from the working class to give to the corporations. sigh...
                        I hear ya. I'm looking at a 2 year wage freeze because I work public sector, and the gov't needs money to pay back the bail out loans they gave private sector. Even though I'm paid less for my job than private sector. The next few years are going to be very tough, way more so than during the "recession". Even if we strike, the gov't has stated they will just legislate us back to work.

                        I'm already pretty creative at making ends meet, but with the price of everything going up so fast, it's going to get really tight.
                        Fighting fibromyalgia and chronic myofascial pain since 2002.

                        Big Fat Fiasco

                        Our bodies crave real food. We remain hungry as long as we refuse to eat real food, no matter how much junk we stuff into our stomachs. ~J. Stanton

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                        • #13
                          wait, this is a democratic government in power when did they start jerking off big business?
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                          • #14
                            Originally posted by quelsen View Post
                            wait, this is a democratic government in power when did they start jerking off big business?
                            Well if you're a business owner, you didn't build it according to them
                            Starting Date: Dec 18, 2010
                            Starting Weight: 294 pounds
                            Current Weight: 235 pounds
                            Goal Weight: 195 pounds

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                            • #15
                              Originally posted by quelsen View Post
                              wait, this is a democratic government in power when did they start jerking off big business?
                              Democrat = Republican = Tea Party = Whore. All are bought. You and I are the fall out. If you really think any "party" in this country gives a crap about you and me (the taxpayer), I suggest you search the definition of "cognitive disonance."

                              Peace, baby.
                              "Right is right, even if no one is doing it; wrong is wrong, even if everyone is doing it." - St. Augustine

                              B*tch-lite

                              Who says back fat is a bad thing? Maybe on a hairy guy at the beach, but not on a crab.

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