Posted on 01/26/2022 9:29:34 PM PST by blam
Breakfast is the most important meal of the day, as it replenishes the body’s supply of glucose to boost energy until lunch while providing other essential nutrients. The first meal of the day usually consists of eggs, bacon, toast, fresh-squeezed orange juice, coffee, and milk.
Today, breakfast foods are becoming expensive as food inflation soars to a decade high. Earlier this week, we noted how orange juice prices are rocketing higher due to supply woes in Florida. Now consumers must prepare for ‘milkflation’.
This week, a new industry report from the National Milk Producers Federation warns milk supply is falling and isn’t going to recover in the near term, which could unleash dairy inflation.
The dominant features of the basic U.S. dairy situation continue to be tighter milk production, record export volumes, higher prices, sluggish domestic consumption, and dropping inventories.
Total dairy cows and total milk production in the United States were both lower than a year earlier during the September-November rolling quarter.
December prices for nonfat dry milk and dry whey were the highest monthly prices since 2014; they, as well as December butter and cheese prices, were all among the highest observed during all months since the beginning of the year 2000. The long period of tough market conditions from 2014 until recently constitutes a major reason for the production contraction that’s driving the current situation.
The crux of the problem is the pandemic-related issues, such as dairy cows becoming too expensive to feed, so farmers reduced their herds by sending animals to slaughterhouses. The remaining cows are being fed less, which means lower milk output. Compound that with rising labor and energy costs, margin compression is hitting farmers where it hurts: the pocketbook.
Milkflation is expected to persist “well into 2022,” the industry group said. Rising wholesale prices are already impacting supermarket prices where consumers are paying some of the highest average prices since 2015.
Add milk to the latest breakfast item to experience inflationary price pressures. Other breakfast-designated commodities, such as oranges, lean hogs, wheat, and coffee, have risen over the last year due to supply-chain disruptions and bad weather has kept supplies low.
Rising breakfast costs come as inflation for households hit a 40 year high in December, a 7% spike from a year earlier. Real wages are being wiped out as households become frustrated as their purchasing power slumps. Much of this anger has been channeled at President Biden as his polling numbers plummet.
The Direxion Breakfast Commodities Strategy exchange-traded fund is set to release an exchange-traded fund that focuses on coffee, orange juice, wheat, and lean-hog futures to allow speculators to play the inflation breakfast trade.
Florida Braces For ‘Freeze-Mageddon’ As Citrus Growers In Cross-Fire
Not that long ago they were just dumping milk down the drain.
You can freeze milk, btw. If you have the space.
This going to have a muted impact as fewer Americans drink cows milk.
Start the shortage rumor, raise the price; no one’s the wiser.
Maybe Dairy Farms are on the decline as people retire and sell their operations.
This leads to consolidation & larger holdings with better pricing for the remaining dairy industries.
Here’s a scenario, a dairy farmer sends his children to college. After sitting in classrooms for 4-6 years, they decide the dairy business is “beneath them.”
They can receive better pay and compensation with less work, doing important stuff like scientific research for governmental-environmental regulatory companies.
It seems like many Americans want great pay for nonessential employment, while hoping a slave/grunt somewhere on the planet produces enough wealth for everybody. This model, the parasite model will fail every time and all the time, its unsustainable.
There is too much “do nothing” nonessential fat in the economy of the United States.
I think there is some disagreement whether breakfast is the most important meal....
how does milk that has been frozen taste afterwards?
Its perfectly normal. When we were kids the milk in those little cartons often arrived frozen. There were a couple of situations over the years where it happened to the plastic gallons we had. Just the day before yesterday I brought in a case (3gallons in quarts) of the shelf stable cartons (Its been below zero here for awhile) that I had forgotten to bring in from the Jeep. It doesnt damage the carton or anything, normal taste once its fully defrosted.
My locally owned and operated grocery chain (6 stores) has plenty of “store-brand” milk, although not discounted like they used to. Also the fresh meat cases are full to overflowing. Local chain, local sources?
I was in the service with a dairy farmers son. He said his parents had never taken a vacation. Ever.
He wasn’t going back either.
Once a cow is a “milking cow” it has to be milked twice a day. 365 days a year. Can’t miss a “milk” or they’ll soon stop producing.
As a 13 year old, I worked on the neighbors farm. I helped bale hay all day (10 hours) and at the end the farmer paid me.
Two quarters.
It was that day I knew - there’s no way I’m gonna be a farmer!
God bless them all. They’re some hard working people!
Buy powdered milk. Doesn’t taste that great, but you can use it for cooking.
I use the coffee creamer bottles to freeze. Do not freeze a gallon. One big block. Hard to defrost. Mine tasted fine.
Buy nido powdered milk.
My local Kroger has milk @ $2.99/gal...and I go thru 2 gals of FatFree milk a week.
Kroger, Urbana, OH, had half gallons for 87cents. I did leave a few.
Every 2-3 months, my Kroger (Fairborn,OH) also runs specials of 87cents/half gallon with a 5 limit.
I agree with you.
My week day breakfast is coffee, no milk, black or teaspoon of sugar or honey.
That's been it for years but on weekends, I do eat bacon/sausage/ham/steak, eggs, potatoes and pastries.
I got in the habit of week day coffee when I was on the road selling and it just stuck with me over the years.
I was a little younger but I'd spend all day chopping bitter weed from the pastures of Barnes Dairy for $1.00 a day.
BTW, when I was young, there were 86 dairies in this county...today there are none.
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