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Food Prices Headed Higher: What You Can Do
CBS News' MoneyWatch ^ | April 26, 2011 | Carla Fried

Posted on 04/26/2011 8:18:44 PM PDT by 2ndDivisionVet

Carnivores, brace yourself for even steeper food price hikes this year than originally forecast. The unholy trinity of rising feed prices, spiking oil costs — it takes money to transport food from farm to table — and increased global demand has pushed the U.S. Department of Agriculture to ratchet up some of its 2011 food price forecasts, with beef and pork prices getting the most costly upward revisions.

Here’s how you might want to rethink your food intake/grocery shopping to deal with the expected price increases:

Stick with chicken. At the start of the year, the USDA said it expected beef prices would rise 4.5 percent to 5.5 percent this year. The new forecast is for a price jump of 7 percent to 8 percent. And it’s not like you haven’t already been paying up, as beef prices are already 12.2 percent higher than they were a year ago. If you’ve got a yen for pork, that’s going to cost you more as well. The USDA has changed its 2011 forecast of a 6 percent price hike for pork to a new expected range of 6.5 percent to 7 percent. Over the past 12 months, pork prices have already increased 11.2 percent.

In news that the chicken lobby is no doubt already plotting an ad campaign around, though, the price hike for chicken remains quite benign: the 2011 forecast stays unchanged at 2.5 to 3.5 percent. If going with chicken doesn’t appeal, it may be time to load up the garage freezer with beef and pork; at least you can lock in today’s prices for at least a few months.

Steam, rather than sauté or fry: The USDA also raised its estimate for inflation for fats and oils by a full percentage point to 6 percent to 7 percent....

(Excerpt) Read more at moneywatch.bnet.com ...


TOPICS: Agriculture; Business/Economy; Food; Politics
KEYWORDS: economy; fireobama; food; inflation; obama; printmoney2pay4votes
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Is this from the desk of Michelle Obama? Say hello to Weimar Germany or Argentina! Stock up on beans, rice, coffee, canned goods, freeze-dried and preserved foods, as well as ammunition and silver.
1 posted on 04/26/2011 8:18:48 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Food is the next gold. Pretty soon we’ll be hearing Gordon Liddy saying “Now that’s the sound of food!”.


2 posted on 04/26/2011 8:20:59 PM PDT by Starboard
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To: 2ndDivisionVet

Obama’s fault.


3 posted on 04/26/2011 8:23:55 PM PDT by ConjunctionJunction
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To: 2ndDivisionVet
Stick with chicken. At the start of the year, the USDA said it expected beef prices would rise 4.5 percent to 5.5 percent this year. The new forecast is for a price jump of 7 percent to 8 percent. And it’s not like you haven’t already been paying up, as beef prices are already 12.2 percent higher than they were a year ago. If you’ve got a yen for pork, that’s going to cost you more as well. The USDA has changed its 2011 forecast of a 6 percent price hike for pork to a new expected range of 6.5 percent to 7 percent. Over the past 12 months, pork prices have already increased 11.2 percent.

And fish are running now.

4 posted on 04/26/2011 8:24:50 PM PDT by mylife
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To: 2ndDivisionVet
Stick with chicken. At the start of the year, the USDA said it expected beef prices would rise 4.5 percent to 5.5 percent this year. The new forecast is for a price jump of 7 percent to 8 percent. And it’s not like you haven’t already been paying up, as beef prices are already 12.2 percent higher than they were a year ago. If you’ve got a yen for pork, that’s going to cost you more as well. The USDA has changed its 2011 forecast of a 6 percent price hike for pork to a new expected range of 6.5 percent to 7 percent. Over the past 12 months, pork prices have already increased 11.2 percent.

And fish are running now.

5 posted on 04/26/2011 8:25:08 PM PDT by mylife
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To: 2ndDivisionVet
The season’s right for a veggie garden:...

You are right about this being out of Moochele's master plan. They even talked about steaming you chicken instead of frying. WTF. They can cram it. I am surprised this lib hack didn't bring up dumpster diving to cut down on waste to the land fill.


6 posted on 04/26/2011 8:26:28 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: 2ndDivisionVet

I, for one, shall stop eating just to prove a point. ;-)


7 posted on 04/26/2011 8:27:59 PM PDT by doc1019 (Palin/Bachmann, unbeatable.)
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To: 2ndDivisionVet

vote out all democrats and any rinos.


8 posted on 04/26/2011 8:29:06 PM PDT by Recovering_Democrat
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To: 2ndDivisionVet
Food Prices Headed Higher: What You Can Do?


"Alferd Packer, you voracious, man-eating, son-of-a-bitch. There were seven Democrats in Hinsdale County, and you ate five of them." ..... Allegedly said by District Court Judge Melville upon sentencing

9 posted on 04/26/2011 8:30:35 PM PDT by Polybius
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To: 2ndDivisionVet

But there’s no inflation... if you don’t count food and energy... and anything else you may buy...


10 posted on 04/26/2011 8:31:24 PM PDT by zwerni (this isn't gonna be good for business)
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To: 2ndDivisionVet

“What You Can Do”?
Bring fuel cost down! Allow oil companies to build newer refineries. Cleaner more modern. But the leftist aka progressive treehuggers will not allow this.


11 posted on 04/26/2011 8:31:40 PM PDT by DMG2FUN
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To: Starboard

Eat Less and exercise. Works every time. Especially when you have to catch your food.


12 posted on 04/26/2011 8:31:59 PM PDT by screaminsunshine (Shut up and eat your Beans!)
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To: mylife
Lots of feral pigs in Texas. Neighbor has chickens. Brother is probably going to put a few feeder calves on his property. Garden is going great. I've got green tomatoes bigger than a silver dollar (a real one), and as of yesterday, tiny squash and zuchinni fruits in large numbers. The squash and zuchinni plants themselves have been growing great for the last month and about a meter across. The beans are growing stupid fast, and the sunflowers are close to a foot tall. We'll have salad greens in a couple of weeks.

Prayers for a good year and good harvest.

I will be spending less than $20/wk for groceries in less than a month.

/johnny

13 posted on 04/26/2011 8:33:52 PM PDT by JRandomFreeper (Gone Galt)
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To: 2ndDivisionVet

I like chicken. I like turkey. I am raising both right now. Buying a milk cow and a bull calf this summer. Butcher that calf in about 18 months. In the meantime a friend going through a divorce is giving us an upright freezer for free so I might as well put a quarter beef and half pig from the butcher shop into it. It’ll set us back a bit in the short term but if these prices continue higher....it will be well worth it.


14 posted on 04/26/2011 8:34:21 PM PDT by Grunthor (The man or woman who doesn't forgive has forgotten the price that Christ paid for them on the Cross.)
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To: JRandomFreeper

Best wishes.


15 posted on 04/26/2011 8:35:53 PM PDT by mylife
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To: doc1019

Ditto.

16 posted on 04/26/2011 8:35:57 PM PDT by 2ndDivisionVet (A thorough knowledge of the Bible is worth more than a college education. TR)
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To: 2ndDivisionVet
Stick with chicken

We were never stuck on chicken. Chicken lay our eggs anyway. Why eat them?

We are being indoctrinated about inappropriate food. Since political correctness was such a success for the Liberals believe they can restrict freedom diet with out passing a single law.

17 posted on 04/26/2011 8:41:04 PM PDT by oyez (The difference in genius and stupidity is that genius has limits.)
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To: 2ndDivisionVet

I already announced months ago to the fam that we’d be eating a lot more chicken and pork.

The beef is getting really “bounce-y” anyway, and I am talking Costco beef, which is supposed to be decent quality. Old recipes (swiss steak, roast beef, beef stroganoff) are not making the meat very tender anymore. It’s just plain tough.

Also, I don’t pre-plan what veg to serve with dinner. I wait until I get to the store and get what is on sale. For example we had broccoli (79 cents a pound) instead of zuchini (2.99 a pound!) tonight.


18 posted on 04/26/2011 8:41:26 PM PDT by Persevero (Homeschooling for Excellence since 1992)
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To: 2ndDivisionVet

Like every other Banana Republic.......rice and beans con pollo for the lowly Proles. Telling that the Ministry of Truth gave the story the Regime’s official stamp of approval.


19 posted on 04/26/2011 8:48:47 PM PDT by JohnKinAK
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To: DMG2FUN

The refineries are not running at capacity now.


20 posted on 04/26/2011 8:50:40 PM PDT by freedomfiter2 (Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
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