Got Milk? Cow-Juice Prices Are Soaring Amid Higher Feed Costs, Smaller Herds

[mystery-ak]

Got Milk? Cow-Juice Prices Are Soaring Amid Higher Feed Costs, Smaller Herds

by Tyler Durden
Monday, Nov 08, 2021 - 04:15 AM

Soaring supermarket prices might not seem like a big issue for the top 10% of Americans who've enjoyed a period of asset price inflation thanks to the Federal Reserve, but for the working poor who don't own assets and are stuck in a renting society, every single price increase for food is eating away at their real wages.

Add milk to the long list of foods that are getting more expensive at supermarkets across the country. Bloomberg reports retail prices for a gallon of milk are up 26% at $3.59 since bottoming at $2.84 in July 2018.



There are several factors at work pushing milk prices higher. First, the number of dairy cows has collapsed to the lowest in a decade, which crimps output. Foreign dairy producers, such as major ones in the European Union, New Zealand, and Australia, are also experiencing declining outputs. On top of this all, the cost to feed dairy cows and operate a dairy farm is becoming more expensive thanks to soaring commodity prices, suggesting prices will continue to rise well into 2022.

more
https://www.zerohedge.com/commodities/add-milk-soaring-supermarket-prices-its-cost-may-go-even-higher?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

[Idiot]

Got Milk? Cow-Juice Prices Are Soaring Amid Higher Feed Costs, Smaller Herds

by Tyler Durden
Monday, Nov 08, 2021 - 04:15 AM

Soaring supermarket prices might not seem like a big issue for the top 10% of Americans who've enjoyed a period of asset price inflation thanks to the Federal Reserve, but for the working poor who don't own assets and are stuck in a renting society, every single price increase for food is eating away at their real wages.

Add milk to the long list of foods that are getting more expensive at supermarkets across the country. Bloomberg reports retail prices for a gallon of milk are up 26% at $3.59 since bottoming at $2.84 in July 2018.



There are several factors at work pushing milk prices higher. First, the number of dairy cows has collapsed to the lowest in a decade, which crimps output. Foreign dairy producers, such as major ones in the European Union, New Zealand, and Australia, are also experiencing declining outputs. On top of this all, the cost to feed dairy cows and operate a dairy farm is becoming more expensive thanks to soaring commodity prices, suggesting prices will continue to rise well into 2022.

more
https://www.zerohedge.com/commodities/add-milk-soaring-supermarket-prices-its-cost-may-go-even-higher?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

A rancher friend of mine says they make very very little money raising cows currently.  So they are going to start raising wagyu cows, which produce VERY expensive meat.  I doubt I could afford wagyu hamburgers...lol.

[GtHawk]

Vegans and Peta simply orgasmic, but how will Joe react when he here's how much his ice cream is gonna cost? Just one more burden on already financially stressed families.