The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on October 05, 2023, 05:43:00 pm
-
October 5, 2023 9:10am EDT
Chicken prices hit record highs under Biden administration as US inflation keep beef, pork out of reach
US consumption of chicken is expected to exceed 100 pounds per person this year for the first time ever
By Lawrence Richard FOXBusiness
Chicken prices at grocery stores across the country have hit record highs, and prices are expected to remain high as inflation-weary shoppers have opted to buy chicken over still-pricier beef and pork alternatives.
Tyson Foods and other companies have also dialed back poultry production, further driving up prices. The higher chicken prices should improve earnings at top producers Tyson and Pilgrim's Pride ahead of the holiday season.
U.S. consumption of chicken is expected to exceed 100 pounds per person this year for the first time ever, data from the U.S. Department of Agriculture shows.
On the other side of the protein profits, beef consumption is forecast to drop to its lowest since 2018, amid dwindling cattle supplies. Pork consumption is at its lowest since 2015.
more
https://www.foxbusiness.com/markets/chicken-prices-hit-record-highs-biden-administration-us-inflation-keep-beef-pork-reach
-
As the stories continue to mount, Biden is going to have an even tougher time selling his rosy picture of the economy to an already highly skeptical public
-
Biden lies. Grocery and energy bills don't.
-
Biden and the democrats all suck.
-
Meat prices have skyrocketed. I buy extra of what's on sale and freeze it.
I haven't seen any turkeys yet, but I imagine the price for turkeys this Thanksgiving is going to be ridiculous. I've already bought pumpkin puree and canned whole cranberries. Last year both were difficult to find.
-
////00000////
Does anyone have any good mourning dove recipes? I may have to hunt for my supper.
(https://www.marinij.com/wp-content/uploads/2020/06/MIJ-L-BIRDS-0622-02.jpg?w=863)
-
////00000////
Does anyone have any good mourning dove recipes? I may have to hunt for my supper.
(https://www.marinij.com/wp-content/uploads/2020/06/MIJ-L-BIRDS-0622-02.jpg?w=863)
https://honest-food.net/wild-game/dove-pigeon-recipes/ (https://honest-food.net/wild-game/dove-pigeon-recipes/)
-
////00000////
Does anyone have any good mourning dove recipes? I may have to hunt for my supper.
(https://www.marinij.com/wp-content/uploads/2020/06/MIJ-L-BIRDS-0622-02.jpg?w=863)
We have a backyard tree full of them every day. To eat them? Seriously. I couldn't do it.
-
We have a backyard tree full of them every day. To eat them? Seriously. I couldn't do it.
Way too much work for not much reward...
-
I noticed rotisserie
chicken has gone up in price but what's really gone up is seafood
-
The Kobeissi Letter
@KobeissiLetter
This is incredible: Orange Juice prices are rising so fast they just hit their limit-up threshold and were halted.
Since the 2020 low, the price of orange juice is up a massive 315%.
This year alone, orange juice prices have jumped by 105%.
Meanwhile, Live Cattle prices are up 125% since 2020 and Olive Oil prices are up 130% since last year.
What does it mean when food prices outperform hedge funds?
(https://pbs.twimg.com/media/F7taJp0WcAAyENb?format=jpg&name=small)
6:29 PM · Oct 5, 2023
-
The Kobeissi Letter
@KobeissiLetter
This is incredible: Orange Juice prices are rising so fast they just hit their limit-up threshold and were halted.
Since the 2020 low, the price of orange juice is up a massive 315%.
This year alone, orange juice prices have jumped by 105%.
Meanwhile, Live Cattle prices are up 125% since 2020 and Olive Oil prices are up 130% since last year.
What does it mean when food prices outperform hedge funds?
(https://pbs.twimg.com/media/F7taJp0WcAAyENb?format=jpg&name=small)
6:29 PM · Oct 5, 2023
What does it mean? Most likely that stagflation is just around the corner.
-
The Kobeissi Letter
@KobeissiLetter
This is incredible: Orange Juice prices are rising so fast they just hit their limit-up threshold and were halted.
Since the 2020 low, the price of orange juice is up a massive 315%.
This year alone, orange juice prices have jumped by 105%.
Meanwhile, Live Cattle prices are up 125% since 2020 and Olive Oil prices are up 130% since last year.
What does it mean when food prices outperform hedge funds?
(https://pbs.twimg.com/media/F7taJp0WcAAyENb?format=jpg&name=small)
6:29 PM · Oct 5, 2023
And that's with rapidly declining demand for orange juice (high sugar, cannot drink it after brushing your teeth without a repulsive aftertaste, making it impractical for breakfast).
Something is broken.
-
Better stock up on cricket flour plebes, the great reset is here!