Pork prices at record levels and expected to to increase.

Discussion in 'Economy' started by zzzz, Aug 1, 2011.

  1. zzzz
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    zzzz Just a regular American

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    The trend of record prices for food continues with pork. The retail price of pork has hit $3.35 a pound and is expected to got to $3.50 by the end of the year. The cost for the consumer?
    Pork product prices reach record highs | Journal and Courier | jconline.com

    The pork industry cannot keep up with the export market (China is increasing its pork demand) and the increase in grain prices (70% of the cost of raising pigs) make it likely that the price will continue to rise. Grocery prices have risen 5% this year and for meat, poultry fish and eggs 7%. According to the Feds inflation is at 1.6%, yet they do not include food or energy prices, 2 of the the one thing everybody uses. There is a clear disconnect here between the Feds and reality.

    The heat wave and lack of rain in the corn producing areas means lower yields and less corn. Higher prices for corn because ethanol takes a sizable portion of the corn crop and higher prices for meat. This does not forebode well for the economy as the rising cost of food takes money away for buying other items that reduce inventories and keep people working. Does not look good folks.
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    40% of our corn is diverted to ethanol production. Still, Big Ag wants to push the blend ratios yet higher.

    20% of U.S. ethanol production is exported. Why?

    Because they can.
     
  3. uscitizen
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    uscitizen Senior Member

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    So the economic recovery is under way then?
     
  4. Truthmatters
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    Truthmatters BANNED

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    The right must be giddy at the prospect our economy will now fizzle out.

    Its just such good news for them that place party over country
     
  5. Rev.Hellh0und
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    Rev.Hellh0und Member

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    I love me some chinese roast pork.....
     
  6. zzzz
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    zzzz Just a regular American

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    Big business built all this ethanol capacity in the last ten years and they mean to use it. Congress keeps throwing money (through subsidies) to make it profitable. Was the ethanol subsidy part of the reduction in the new deficit reduction plan?
     
  7. uscitizen
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    uscitizen Senior Member

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    I suspect not since most who grow corn are right wingers and tea Party supporters.
     
  8. Rev.Hellh0und
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    Rev.Hellh0und Member

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    You mean farmers and those who know a hard days work?
     
  9. uscitizen
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    uscitizen Senior Member

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    Yep and those who own them sitting in their big offices. While getting corporate welfare.
    But I was not talking about union members.
     
    Last edited: Aug 1, 2011
  10. Rev.Hellh0und
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    I just have no response to this sort of idiocy... Thank you.
     

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