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Tomorrow’s hamburger may cost as much as today’s steak - Beef prices expected to rise through 2016
marketwatch.com ^ | Feb. 21, 2014 | Catey Hill

Posted on 02/22/2014 8:47:27 AM PST by rickmichaels

Beef: It’s what you can’t afford for dinner — for years to come.

Retail beef prices are near record highs. During 2013, the price consumers paid for ground beef climbed roughly 5%, according to government data beef price data released Thursday finds that consumers paid an average of nearly $3.50 per pound for 100% ground beef.

What’s more, experts say that climbing beef prices are here to stay. The USDA’s Economic Research Service projects that beef prices will rise faster than almost anything else this year. Don Close, a cattle economist with Rabo AgriFinance says he thinks prices this year could rise 7-8% and roughly the same amount in 2015. Kevin Good, a senior analyst at cattle research firm CattleFax, says that “higher prices will continue through 2015 or 2016.”

(Excerpt) Read more at marketwatch.com ...


TOPICS: Agriculture; Business/Economy; Food
KEYWORDS: beef; beefprices; foodprices; inflation; obamacare; prices
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1 posted on 02/22/2014 8:47:27 AM PST by rickmichaels
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To: rickmichaels
I don't know the last time I had beef. I'm making burgers for the grandkids today. Good thing they like venison.

/johnny

2 posted on 02/22/2014 8:48:59 AM PST by JRandomFreeper (Gone Galt)
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To: rickmichaels

I’m sure they have cut their herds because of the drought and the cost of feed.


3 posted on 02/22/2014 8:53:04 AM PST by Sacajaweau
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To: rickmichaels

Our currency has been devalued by the Federal Reserve. With the dollar only worth $.60, what do you expect? It will only get much worse as they try to inflate prices to dig themselves out of the debt hole they are in with still cheaper dollars.


4 posted on 02/22/2014 8:55:15 AM PST by txrefugee
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To: rickmichaels

Only the finest beef shall continue to be flown in,
from Hawaii, and by chopper and jet,
... for the EXEMPT.

NOTHING but the best for Amerika’s new
tyrannical Masters-of-the-Deficit.


5 posted on 02/22/2014 8:57:00 AM PST by Diogenesis
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To: rickmichaels

When you print money, your money loses value. Just ask the depression era Germans. A wheel barrow full of deuchmarks to buy a loaf of bread. Coming to an America near you!


6 posted on 02/22/2014 8:57:43 AM PST by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: rickmichaels

Market forces will keep this from happening.

There are so many low-cost alternatives that the alternatives might trend up a bit but the beef market will have to adjust.

Think Starbucks, Duncan and MacDonald’s when we went through some high priced coffee years — not much of an impact on the retail prices.


7 posted on 02/22/2014 8:59:58 AM PST by freedumb2003 (Fight Tapinophobia in all its forms! Do not submit to arduus privilege.)
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To: rickmichaels

Toss in a higher minimum wage and Obamacare and it will get even higher.


8 posted on 02/22/2014 9:00:44 AM PST by Proud2BeRight
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To: JRandomFreeper

9 posted on 02/22/2014 9:01:12 AM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: Sacajaweau

Yep.

And increasing exports, and smaller herds of higher quality to satisfy the increasing demand for premium cuts.

Wealthier consumers have jacked demand for premium products of all kinds (cars to beef) while the American middle class is being impoverished.


10 posted on 02/22/2014 9:03:10 AM PST by jjotto ("Ya could look it up!")
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To: rickmichaels

The high protein/low fat and grass fed beef hamburger is selling from $5 to 6/pound in Californicator land. Some vendors try to hide the price by packing it in 12 ounce packs. The math dumbed down Americans don’t know 12 ounces isn’t a pound.


11 posted on 02/22/2014 9:03:38 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: rickmichaels

Meanwhile, in the Whitehouse , nothing but Japanese beef @ over 1 $100 a pound is served.


12 posted on 02/22/2014 9:07:10 AM PST by Dogbert41 (Up yours NSA !)
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To: JRandomFreeper

We and our grandkids have moved up from venison burgers to elk burgers. Their Dad got a very nice elk with his bow last fall.

Elk is the best meat we have ever eaten. We have had a lot of great venison and wild pig over the decades, but the elk is the best tasting and most filling.


13 posted on 02/22/2014 9:07:35 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: Moonman62

Yep! Wild deer, pig, turkey, ducks/geese and elk are the best meats ever, and they are free range and organic, if that means anything.

14 posted on 02/22/2014 9:09:58 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: Grampa Dave

Sometimes here in N GA, I see a pound of burger at $3.09 at Kroger...it is barely pink, fat content is at least 30% - might contain some hooves etc. too....I don’t know.


15 posted on 02/22/2014 9:11:46 AM PST by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
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To: rickmichaels

We need to convince more liberals to become vegans to save the world from carbon Gorebull warming.

That will drive the price of beef down as the demand goes down.


16 posted on 02/22/2014 9:12:13 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: rickmichaels

Not a problem if your on welfare.


17 posted on 02/22/2014 9:17:29 AM PST by Vaduz
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To: Gaffer

“Sometimes here in N GA, I see a pound of burger at $3.09 at Kroger...it is barely pink, fat content is at least 30% - might contain some hooves etc. too....I don’t know.”

So the prices are up in Ga, before the drought in Californicator land gets blamed for high beef prices.


18 posted on 02/22/2014 9:21:04 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: Vaduz

Filet and Wine or a night at the casino. So many choices...


19 posted on 02/22/2014 9:21:18 AM PST by Gadsden1st
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To: Sacajaweau
That's part of it. The reason for the high price is thanks to the f’ing EPA. In order to be ‘’environmentally conscious’’ the EPA mandated that ethanol be added to gasoline. Ethonal comes from corn. So with the the oil companies having to abide by this regulation it's more profitable for farmers to sell corn to the oil companies then to ranchers. Leaving ranchers to reduce the size of their herds and up goes the price of beef. F'ing Greens and enviroNazis. I hate them.
20 posted on 02/22/2014 9:27:08 AM PST by jmacusa ("Chasing God out of the classroom didn't usher in The Age of Reason''.)
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To: freedumb2003

Bingo, you nailed it.

“Market forces will keep this from happening.

There are so many low-cost alternatives that the alternatives might trend up a bit but the beef market will have to adjust.

Think Starbucks, Duncan and MacDonald’s when we went through some high priced coffee years — not much of an impact on the retail prices.”

Eat more pork, chicken, lamb and ? if the price is below the beef price. That will put a lot pain into the beef shortage leverage elfs as they try to make the prices go up.

When you see the pork, chicken, lamb and whatever on sale, buy it in quantity and freeze it.

In the meantime convert more liberals into vegans, to lower the demand for any meat. That will leave more at a lower price for the omnivours, that’s us.


21 posted on 02/22/2014 9:27:56 AM PST by Grampa Dave ( Obozo Care is a Trinity of Lies! Obozo Care is probably a serious Black Swan event.)
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To: rickmichaels

McDonalds need not worry. They haven’t had beef in their burgers since around 1972.


22 posted on 02/22/2014 9:28:05 AM PST by SamAdams76
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To: JRandomFreeper

Just wait until the federally mandated hunting bans start popping up. All for the common good of the livestock and meat processing industries of course. You can’t hunt on the king’s land, unless you are one of the king’s men. Poaching will become a much more dangerous business, along with personal gardens, and raising animals without a government permit. Starvation is a powerful weapon in the communists and Marxists arsenal.

With that being said, if something like this scenario were to come to pass, I would personally set a no bag limit on communists and marxists. They’re full of s-—, so they would make good fertilizer for my illegal gardens.


23 posted on 02/22/2014 9:32:13 AM PST by factoryrat (We are the producers, the creators. Grow it, mine it, build it.)
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To: freedumb2003

Yep.

Already happening.

Beef market takes about a year to reflect changes. Pork market takes about 3 months and chicken less than that. A little less than a year from now beef prices will be low (relative to the value of the dollar). Somehow, people will survive.


24 posted on 02/22/2014 9:35:53 AM PST by jjotto ("Ya could look it up!")
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To: rickmichaels

But of course there is no inflation....


25 posted on 02/22/2014 9:37:47 AM PST by jeffc (The U.S. media are our enemy)
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To: Dogbert41

But look on the bright side. $150 a pound Wagyu beef is still only $150 a pound so it’s not hurting King Barry and Moochelle.


26 posted on 02/22/2014 9:38:39 AM PST by Organic Panic
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To: Moonman62

Great Pic! Saw it! Liked It! Stole It!

See what too many years of Obama have done...


27 posted on 02/22/2014 9:39:47 AM PST by 1riot1ranger (ABC!!! Anybody But Cornyn)
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To: Sacajaweau

Didn’t 1000’s and 1000’s of cattle freeze to death earlier this winter?


28 posted on 02/22/2014 9:42:25 AM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: jmacusa
I learned from a farmer last year that the farmers were the ones playing the market for corn....playing both ends.

One of the farmers I met said he bought up everything he could in "his" area....and went to strictly corn to feed the nearby ethanol plant.

In the past, he had grown all different crops...beans, potatoes, etc etc...

29 posted on 02/22/2014 9:48:28 AM PST by Sacajaweau
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To: Gadsden1st

Indeed every day is a Saturday.


30 posted on 02/22/2014 9:50:56 AM PST by Vaduz
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To: jjotto

> Wealthier consumers have jacked demand for premium products of all kinds (cars to beef) while the American middle class is being impoverished.

Nail on the head. I used to be what would be considered pretty well off until Obama hit. Now I wonder week to week, month to month if I will be able to pay my bills. I know there will be consequences for the buffoon who created the chaos we’re living under and I will get to smile the day he goes down in flames.


31 posted on 02/22/2014 9:56:17 AM PST by jsanders2001
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To: rickmichaels

There has already been a big jump in the Southeast. Ground chuck that has had a sale price of $2.99 for a few years (on sale half the time) at Piggly Wiggly is $4.79 this week. Chuck roast around the same at PW and Walmart, all up from prices that were around $2.99 on sale to $3.49.

These jumps have taken place within the past month or so.


32 posted on 02/22/2014 10:00:32 AM PST by Will88
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To: freedumb2003

“Market forces will keep this from happening.

There are so many low-cost alternatives that the alternatives might trend up a bit but the beef market will have to adjust.

Think Starbucks, Duncan and MacDonald’s when we went through some high priced coffee years — not much of an impact on the retail prices.”

Right you are, and what they do is reduce the portions you get for the same dollar, you see it all over the supermarket, just look a yogurt, cereal. Milk is almost $4.00 a gallon...

I can remember buying new car for $1,950.00, now a riding mower can cost more then that.

A movie was $0.25 to get in, popcorn was also $0.25.

A dollar bill could buy you 4 gallons of gasoline, now a dollar bill gets you 1/4 a gallon and a silver dollar gets you about 8 gallons.


33 posted on 02/22/2014 10:03:04 AM PST by stockpirate (It appears good men have decided to do nothing, so evil is prevailing......)
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To: Sacajaweau

And the teeth-gritting irony in it all is that ethonal doesn’t do squat for gas mileage. It’s just another way for Uncle Big Government to stick it’s nose into our lives at the behest of enviroNazis. So help me God I’m losing patience with this sh!t. Feel like I want to kill somebody sometimes.


34 posted on 02/22/2014 10:04:40 AM PST by jmacusa ("Chasing God out of the classroom didn't usher in The Age of Reason''.)
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To: Vaduz

Food prices are increasing quickly. I know there are countless factors, but how much of it is ethanol, subsidies, currency inflation, and other forms of government interference?

I purchased two egg mcmuffins at McD’s last sunday and it was almost $6.00. Crazy.


35 posted on 02/22/2014 10:16:20 AM PST by volunbeer
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To: rickmichaels

Remember kiddies! There’s no inflation. There’s no inflation. There’s no inflation...

(discounting food and fuel).


36 posted on 02/22/2014 10:22:49 AM PST by Flick Lives ("I can't believe it's not Fascism!")
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To: rickmichaels

The cost of a pound of beef is more than the cost of a gallon of gas. I wonder what the cost of a gallon of milk is nowadays? The “new normal” keeps sucking on...


37 posted on 02/22/2014 10:23:22 AM PST by OrangeHoof (2001-2008: "Dissent Is Patriotism!" 2009-2016: "Dissent Is Racism!")
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To: OrangeHoof

But of course to our lying government in DC, there is no inflation.


38 posted on 02/22/2014 10:25:32 AM PST by dfwgator
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To: stockpirate

And what was your weekly wage back then? What was the minimum wage (if it even existed)?


39 posted on 02/22/2014 11:24:23 AM PST by Alas Babylon!
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To: OrangeHoof

A gallon of Great Value 2% Milk at the Walmart cost me $3.98 yesterday.


40 posted on 02/22/2014 11:26:05 AM PST by Alas Babylon!
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To: rickmichaels

Grocery bills in general are sky high these days. It’s getting to the point where eating healthy from the grocery store is costing me the same as my mortgage every month.


41 posted on 02/22/2014 11:28:54 AM PST by Future Snake Eater (CrossFit.com)
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To: rickmichaels

according to government data beef price data released Thursday finds that consumers paid an average of nearly $3.50 per pound for 100% ground beef.

Obviously you can’t trust the government to get any math right. Average $3.50 I don’t believe that is correct. I stopped in my local grocery yesterday 90/10 Ground Beef cost me $6.02 a pound. The cheapest thing they had 70/30 was over $5.00 a pound.


42 posted on 02/22/2014 12:45:42 PM PST by cquiggy
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To: cquiggy

Tomorrow’s hamburger will not get bought then.

How many fast food places will be shut down if this happens?


43 posted on 02/22/2014 12:46:32 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: Grampa Dave
"The high protein/low fat and grass fed beef hamburger is selling from $5 to 6/pound in Californicator land."

It's the cheapest kind to raise here, on the CO Rockies. Nearly no costs for nutrition or medicine required. It's nearly tasteless and tough, having been starved and chased by an increasing population of predators on semi-arid, infertile wasteland.

Long ago, I raised much better beef in the Midwest. Now I see the last of the real western ranchers being robbed by animal worshipers from northeastern and western coastal suburbs (terrorism against ranching by real Americans of many generations of descent--another cause of the shortages to come).


44 posted on 02/22/2014 1:26:08 PM PST by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: cquiggy

The year before Obummer was elected, I was paying a buck a pound for the 70/30 beef.

Nowadays, I buy strictly from my local butcher in bulk, and toss it all into the freezer.


45 posted on 02/22/2014 1:52:08 PM PST by RandallFlagg ("I said I never had much use for one. Never said I didn't know how to use it." --Quigley)
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To: Sacajaweau
That's capitalism for you. I don't blame them making a buck. I just resent them manipulating the market. It's not likely myself and most other consumers are going to swear off eating beef. Maybe we just won't eat so much of it. Not eating so much of it will eventually affect the ranchers profits, right?
46 posted on 02/22/2014 3:33:58 PM PST by jmacusa ("Chasing God out of the classroom didn't usher in The Age of Reason''.)
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To: rickmichaels

Soon, only the Obamas will be able to afford beef.


47 posted on 02/22/2014 3:35:06 PM PST by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: jmacusa
I went to the store with my wife for the first time in quite a while last week...I went to pick up a box of cereal and couldn't believe how damn small it was.

The chain that starts dispensing a free xanax or paxil after ringing up your groceries will make a fortune.

48 posted on 02/22/2014 3:46:46 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: GeronL

What does hamburger have to do with fast food joints? :-)


49 posted on 02/22/2014 3:47:54 PM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: who knows what evil?

lol

Good point. heh


50 posted on 02/22/2014 3:50:29 PM PST by GeronL (Vote for Conservatives not for Republicans!)
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