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re: Grocery inflation
Posted on 4/5/24 at 4:52 pm to BuckyCheese
Posted on 4/5/24 at 4:52 pm to BuckyCheese
A few things:
Food producers have bet, correctly that even if you bitch about the prices, you'll pay the nutt....because it's food
The last 12 months though have not been ideal for things like cattle and some grains like corn because of weather.
In the last 6 months there has been a re-emergence of bird flus thus the price of eggs have started to go up
Then there is the dollar and how it is acting on the commodities market.
Food producers have bet, correctly that even if you bitch about the prices, you'll pay the nutt....because it's food
The last 12 months though have not been ideal for things like cattle and some grains like corn because of weather.
In the last 6 months there has been a re-emergence of bird flus thus the price of eggs have started to go up
Then there is the dollar and how it is acting on the commodities market.
1
Posted on 4/5/24 at 5:00 pm to KiwiHead
quote:
food The last 12 months though have not been ideal for things like cattle and some grains like corn because of weather.
Corn is cheap and plentiful. I own a Feedmill. Trust me this is one of the few bright spots on this economy. It is not a factor.
quote:
In the last 6 months there has been a re-emergence of bird flus thus the price of eggs have started to go up
The government stopped letting companies use unfertile eggs from hatcheries. That has decreased the egg supply in a big way. The bird flu has not really affected egg supply or poultry meat any. You can blame the govt for this artificial decrease in supply.
quote:
up Then there is the dollar and how it is acting on the commodities market.
Yeah the obiden admin has put policies in place that has shot a torpedo into the dollar value. Thanks Joe.
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