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Beef at an all time high....

iwannabeacowboy

Well-known member
(CNSNews.com) - The price of beef and bacon hit its all-time high in the United States in June, according to data released Tuesday by the Bureau of Labor Statistics (BLS).

In January 1980, when BLS started tracking the price of these commodities, ground chuck cost $1.82 per pound and bacon cost $1.45 per pound. By this June 2014, ground chuck cost $3.91 per pound and bacon cost $6.11 per pound.

A decade ago, in June 2004, a pound of ground chuck cost $2.49, which means that the commodity has increased by 57 percent since then. Bacon has increased by 78.7 percent from the $3.42 it cost in June 2004 to the $6.11 it costs now.

In one month, beef increased from $3.85 in May 2014 to $3.91 in June 2014. Bacon increased from $6.05 in May 2014 to $6.11 in June 2014.

Each month, the BLS employs data collectors to visit thousands of retail stores all over the United States to obtain information on the prices of thousands of items to measure changes for the Consumer Price Index (CPI). The CPI is simply the average change over time in prices paid by consumers for a market basket of goods and services.

The BLS found that there was a 0.1 percent change in the food index in June, which tracks foods like meats, poultry, fish, eggs and dairy, as well as many others. “The index for meats, poultry, fish, and eggs increased in June, though its 0.2 percent increase was its smallest since December,” stated BLS.

“The index for food at home has increased 2.4 percent over the past year, with the index for meats, poultry, fish and eggs up 7.5 percent,” BLS stated.

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Wonder what diesel is? Or the cost of a truck? I bet the increase is all profit for producers and the world is great and kids in Ethiopia are eating candy and nuts.
 

Faster horses

Well-known member
iwannabeacowboy said:
(CNSNews.com) - The price of beef and bacon hit its all-time high in the United States in June, according to data released Tuesday by the Bureau of Labor Statistics (BLS).

In January 1980, when BLS started tracking the price of these commodities, ground chuck cost $1.82 per pound and bacon cost $1.45 per pound. By this June 2014, ground chuck cost $3.91 per pound and bacon cost $6.11 per pound.

A decade ago, in June 2004, a pound of ground chuck cost $2.49, which means that the commodity has increased by 57 percent since then. Bacon has increased by 78.7 percent from the $3.42 it cost in June 2004 to the $6.11 it costs now.

In one month, beef increased from $3.85 in May 2014 to $3.91 in June 2014. Bacon increased from $6.05 in May 2014 to $6.11 in June 2014.

Each month, the BLS employs data collectors to visit thousands of retail stores all over the United States to obtain information on the prices of thousands of items to measure changes for the Consumer Price Index (CPI). The CPI is simply the average change over time in prices paid by consumers for a market basket of goods and services.

The BLS found that there was a 0.1 percent change in the food index in June, which tracks foods like meats, poultry, fish, eggs and dairy, as well as many others. “The index for meats, poultry, fish, and eggs increased in June, though its 0.2 percent increase was its smallest since December,” stated BLS.

“The index for food at home has increased 2.4 percent over the past year, with the index for meats, poultry, fish and eggs up 7.5 percent,” BLS stated.

CNSNews.com is not funded by the government like NPR. CNSNews.com is not funded by the government like PBS.

CNSNews.com relies on individuals like you to help us report the news the liberal media distort and ignore. Please make a tax-deductible gift to CNSNews.com today. Your continued support will ensure that CNSNews.com is here reporting THE TRUTH, for a long time to come. It's fast, easy and secure.


Wonder what diesel is? Or the cost of a truck? I bet the increase is all profit for producers and the world is great and kids in Ethiopia are eating candy and nuts.

The cheap food policy in this country has funded a lot of recreational vehicles over the years. We have actually subsidized the housewife.

Too bad they didn't mention there is a shortage of beef.......and pork...
 

littlejoe

Well-known member
the only farm bill I ever waded most of the way thru ended with

"and to provide a cheap and plentyfull supply of food for the American people....." or somesuch. and was the part of it that worked the best.

the "American people's" cost for food and fiber-----% of disposable income wise---is still the lowest in the world, as far as I know.
 

iwannabeacowboy

Well-known member
littlejoe said:
the only farm bill I ever waded most of the way thru ended with

"and to provide a cheap and plentyfull supply of food for the American people....." or somesuch. and was the part of it that worked the best.

the "American people's" cost for food and fiber-----% of disposable income wise---is still the lowest in the world, as far as I know.


On the % disposable income, is that figuring in what is taken from the people through taxation before it ever hits the bank to fix the system?

Just curious if we're comparing apples to apples or oranges....

How much of my 35% of taxes should I figure into the cost of my total food bill each month/year? What if I raise my own garden? Why am I paying to lower someone else's food bill?


It's always intrigued me how a farm bill can make producers more money and keep people's cost of food cheaper?


Kinda like how record beef prices that's tied to record inflation is so great. I'd rather see record beef prices with normal inflation, but I also like seeing producers increase their net profit, not just gross.
 

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