Uncensored2008
Libertarian Radical
He's probably chowing down on Mom & Dad's $.
That's what I'm thinking.
{Feedlot owners who use corn to fatten up cattle before slaughter felt the pinch. Hog and chicken producers cut back on the number of animals they raised to offset higher corn costs.
In addition, a devastating drought in parts of the country dried up grasslands and ranges where cattle graze. Some ranchers sold off big numbers of animals instead of paying to truck in hay for feed.
In January, the U.S. Agriculture Department said that U.S. cattle herds were the smallest since 1952. Live cattle futures jumped to $1.3115 per pound in February, the highest level in decades. That meant higher costs for feedlot owners and meat packers. And those costs were passed on to consumers.
A scare about a beef additive dubbed "pink slime" and a case of mad cow disease in California seemed to have a limited impact on consumer demand, according to Mike Zuzolo, president of Global Commodity Analytics & Consulting LLC.
Higher corn prices also meant increased costs for hog and chicken producers.
PRICE CHECK: Meat prices are expected to increase 3.5 percent to 4.5 percent in 2012, said Ricky Volpe, an economist with the USDA's Economic Research Service. That is greater than the 2.5 percent to 3.5 percent rise in overall food costs the government is forecasting.
How much of your food budget is going toward meat depends on what type of meat you prefer. Steaks cost about 6 percent more this April than a year ago, USDA data showed. Pork prices were up just 3 percent, while chicken prices jumped 5.3 percent.}
Retail beef, chicken, pork prices still climbing - BusinessWeek
{Beef prices, already at near-record-high prices, are expected to be driven up for the second year in a row this year because of a limited supply of cattle}
Beef prices, already near record highs, going up again this year - Chicago Sun-Times
Don't be is about as stupid as they come.