Posted on 02/22/2014 8:47:27 AM PST by rickmichaels
Beef: Its what you cant 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 $3.50 per pound for 100% ground beef.
Whats more, experts say that climbing beef prices are here to stay. The USDAs Economic Research Service projects that beef prices will rise faster than almost anything else this year. Don Close, a cattle economist with Rabo AgriFinance says he thinks prices this year could rise 7-8% and roughly the same amount in 2015. Kevin Good, a senior analyst at cattle research firm CattleFax, says that higher prices will continue through 2015 or 2016.
(Excerpt) Read more at marketwatch.com ...
D’oh! Just saw the chart on # 58. They were robbing me. AND I had to wear a stupid orange jumpsuit and a paper hat!@##$@!!!!
The link at Post 58 says HoJo’s was robbing you.
Funny you should mention that...
It is a better value now to go to a full service restaurant to eat than eat fast food. Yes, the full service costs a little more but not that much more when you consider how much better it is.
The local KFC has an evening buffet; I can bloat myself there for $7.
Corn, the main ingredient for good beef in the Midwest was about $8.50 per bushel a year ago, now it is about $4.50
See post 66. I realize that may be hard to accept because it doesn’t mesh with the ‘corn is high priced because of ethanol’.
See post 66
Hubby was telling me about coworkers who are penny pinching paycheck to paycheck and talking hotdogs for dinner.
The drought of 2012 caused the spike...not the ethanol.
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