The Conservative Cave
Current Events => Economics => Topic started by: franksolich on August 01, 2012, 10:03:27 PM
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There's a thread somewhere here on conservativecave in which members post the latest price for gasoline in their area.
Given the Great Barack Drought of '12, and that cattle are flooding the market, being sold at fire-sale prices because farmers and ranchers can't afford to feed them any more, I'm guessing beef prices will dip for a few weeks--due to the glut, oversupply, on the market--and then they're going to skyrocket faster than the speed of light, reaching their peak the last week of October, the first week of November.
There won't be very many happy Big Mac customers on election day.
I haven't checked, but if one knows, what's today's price for hamburger at one's grocery store?
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I'll check this week when I go back for groceries. I noticed the price of beef was going up when McDonald's no longer had the quarter-pounder on the dollar menu a couple years ago, well into King Barack the First's term.
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We'll be doing our weekly shopping tomorrow, so I'll check. I do know that bacon has went up drastically in the past 6 months or so.
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I have to go shopping on the weekend so I'll let you know then, I know the meat and chicken prices are outrageous though.
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I've been following it for the last few weeks, but I figured something was up when the pork was nearly the same price as the seafood.
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We'll be doing our weekly shopping tomorrow, so I'll check. I do know that bacon has went up drastically in the past 6 months or so.
I buy microwave bacon usually at BJ's, it lasts a couple of months and is a little under $10.00, my husband asked me to pick up some regular bacon also and 1 of the grocery stores is having a sale 2/$5 for their store brand, I'm going to load up on it for that price because it's usually $3.99-$4.99 a pound.
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I buy microwave bacon usually at BJ's, it lasts a couple of months and is a little under $10.00, my husband asked me to pick up some regular bacon also and 1 of the grocery stores is having a sale 2/$5 for their store brand, I'm going to load up on it for that price because it's usually $3.99-$4.99 a pound.
Walmart used to have Oscar Mayer bacon on sale @2 for $5, but now they only have some of the cheaper brands on sale that cheap. $3.99 and up is the normal price for bacon.
I rarely see hamburger under $2/lb.
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Walmart used to have Oscar Mayer bacon on sale @2 for $5, but now they only have some of the cheaper brands on sale that cheap. $3.99 and up is the normal price for bacon.
I rarely see hamburger under $2/lb.
Our Walmart is undergoing renovations, I think they're finally adding a meat dept. we usually go there for some grocery items that are cheaper there, so I'll check out their bacon prices if the new area is open.
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The Wally World frozen patties are going for about $20 for an 8-lb box ($2.50/lb). However, fresh hamburger pretty much anywhere in town varies anywhere from $3.19-3.29/lb for the 80/20 stuff, $3.49/lb for the 85/15, and $3.99-4.19/lb for the 93/7 ground chuck.
Even plain steak tips (unmarinated) is going for $7.99/lb at Market Basket--they were under $5/lb a year ago. Ribeyes and T-bones are basically out of reach at $11.99/lb.
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Not my beef!
:ohnoes: I will have to stock up when it dips. Please let me know when that happens Frank! :-*
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The Wally World frozen patties are going for about $20 for an 8-lb box ($2.50/lb). However, fresh hamburger pretty much anywhere in town varies anywhere from $3.19-3.29/lb for the 80/20 stuff, $3.49/lb for the 85/15, and $3.99-4.19/lb for the 93/7 ground chuck.
Even plain steak tips (unmarinated) is going for $7.99/lb at Market Basket--they were under $5/lb a year ago. Ribeyes and T-bones are basically out of reach at $11.99/lb.
Lobster still $3.99?
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I bought a 1/4 side of beef in the spring, so haven't looked at beef prices lately, but I will check them out. I can say that pork loins (not tenderloins) are going for 7.99/lb in the grocery store (Kroger). I picked some up at Sam's for 1.99 on the same day.
I am glad I didn't pick up more because my compressor went out on my freezer, and now my other two are loaded up.
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Local Walmart had a 5 pound roll of 75% lean for $2.60/lb. the other ground beef and ground chuck went up to over $4/lb. for the 97% lean.
Ribeyes, T-bones and New York strip were all over $10/lb.
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I always buy the 96/4 ground beef and its been pretty steady around 3.50 a pound for a while
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I bought a pound of ground tenderloin today for $4.99. Never tried it so I felt like splurging. I think ground beef is around $3.50.
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Local Walmart had a 5 pound roll of 75% lean for $2.60/lb. the other ground beef and ground chuck went up to over $4/lb. for the 97% lean.
Ribeyes, T-bones and New York strip were all over $10/lb.
My local grocery store has porterhouse on sale for $6.99/lb this week.
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Lobster still $3.99?
At Market Basket, yeah--new shell, of course.
Boat price is about $2.50/lb. Guys in Maine are dying. Costs more in fuel, equipment, and maintenance than they get at that price.
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I forgot to post this yesterday (Thursday).
I was at the grocery store in the big city.
Ground beef, hamburger, was $3.79 to $3.99 per pound, depending upon the quantity one purchased.
This was regular price; it wasn't on special or anything.
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I hear ya coach--I see HB under $3/lb anywhere these days, I stock up on it.
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I hear ya coach--I see HB under $3/lb anywhere these days, I stock up on it.
Today hubby stopped at Market basket for hamburger.
80% lean----1.27 pounds at $ 3.49 per pound.-----------------------Damn then I noticed that the sell by date was Aug. 3,12. Today is August 3,12.
What a bitch this meat should have been marked down as the day before yesterday.
How does this work with meat, one buys it fresh, can use it right away or freeze it or leave in the refrigerator for a few days for cooking 3-4 days in the future. So what does sell by date really mean, this is not use by date.
All most all meat I buy that has been marked down is one day off from the sell by date, has those red stickers on them to show the mark down.
Times get hard and one has to really watch what meat they eat. We lost a KFC in the next town for soaking turning chicken in water and Clorox to disguise the smell.
Sometime in the 1990's stores that sold meat were outted for dropping a drop or two of formaldehyde in turning meat to keep them bright pink. Same reason farm raised salmon has pink die added to it, only wild caught are pink, farm raised are a icky gray. No fear, the dye is food grade and used on farmed shrimp also.
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Today hubby stopped at Market basket for hamburger.
80% lean----1.27 pounds at $ 3.49 per pound.-----------------------Damn then I noticed that the sell by date was Aug. 3,12. Today is August 3,12.
What a bitch this meat should have been marked down as the day before yesterday.
I hate to do that. Really pisses me off. I like to shop at Winn Dixie cause they have a special place where all the meat that expires within two days will be heavily discounted. I rarely go there because it is 10 miles from house.
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I hate to do that. Really pisses me off. I like to shop at Winn Dixie cause they have a special place where all the meat that expires within two days will be heavily discounted. I rarely go there because it is 10 miles from house.
Walmart puts a special sticker with the marked down price on their meats and it's usually 3-4 days before the expiration date.
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Walmart puts a special sticker with the marked down price on their meats and it's usually 3-4 days before the expiration date.
You're gutsier than I am. I won't buy their fresh ground meat. I might buy a pork shoulder and maybe some chicken, but that ground meat stuff scares the hell out of me especially in Wally World where the people are goofy and the meat is goofier.
I use a local meat market, which incidentally, I'm going to check out and see what they're asking for a side of beef.
If the prices are coming down down down, it makes sense to do it that way and fill the freezer. :drool:
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You're gutsier than I am. I won't buy their fresh ground meat. I might buy a pork shoulder and maybe some chicken, but that ground meat stuff scares the hell out of me especially in Wally World where the people are goofy and the meat is goofier.
I use a local meat market, which incidentally, I'm going to check out and see what they're asking for a side of beef.
If the prices are coming down down down, it makes sense to do it that way and fill the freezer. :drool:
We buy most of ground beef at another store, County Market/Cub Foods. For burgers, we usually pat more and buy pre-made frozen ones.
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Today hubby stopped at Market basket for hamburger.
80% lean----1.27 pounds at $ 3.49 per pound.-----------------------Damn then I noticed that the sell by date was Aug. 3,12. Today is August 3,12.
Paper on beef packing - http://www.beefresearch.org/CMDocs/BeefResearch/Beef%20Packaging.pdf
I read once that the color of the tray indicates how old the meat is. I can't find that on a quick google though.
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Well I did some shopping yesterday and today and I didn't need meat except for frozen burgers, we don't eat them that much but sometimes just throw them on the grill, I got a 16 pack of the store brand 3 oz. burgers for $11.99. There were some good sales so that seemed to of offset rising prices. Loaded up on the water and paper products at BJ's, can't beat the water prices, $3.89 for a 30 pack of Nestle water and $5.99 for a 48 pack of 8oz. Poland Spring Water, but I had a coupon for that $6.00 off when you buy 3 cases, so I ended up with 5 cases of 16oz. water and 3 cases of 8oz. water for a little over $30, not bad at all. I'll go to Walmart and Aldi's tomorrow for just some staples and snacks and I'm pretty much done with grocery shopping for the month.
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Most meat prices are going to spike soon due to the drought across most of the bread basket states.
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In honor of PETA's new "did you know pigs are smart as dogs?" campaign, Scoobie and I went to get some ribs this morning.
Walmart had NO RIBS. None. No baby backs, no St. Louis, no nada.
Had to go to Market Basket. Got the packaged 2-rack package of baby backs. $3.99/lb.
AYFKM????
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You're gutsier than I am. I won't buy their fresh ground meat. I might buy a pork shoulder and maybe some chicken, but that ground meat stuff scares the hell out of me especially in Wally World where the people are goofy and the meat is goofier.
I use a local meat market, which incidentally, I'm going to check out and see what they're asking for a side of beef.
If the prices are coming down down down, it makes sense to do it that way and fill the freezer. :drool:
Same here. I do not buy meat from Walleymart. Even worse is their seafood. Not eating something that has been farm raised in polluted waters like the chewy crawfish. I mostly eat Louisiana seafood.
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Great idea for a thread. I shall do my best Clara Pell imitation. I will add the franksolich twist "How much is the ground beef?".
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Most meat prices are going to spike soon due to the drought across most of the bread basket states.
Prices should drop first because there'll be a glut of meat available. But next year...............
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Last night (Sunday night), I went over to the big city, and stopped by a different grocery store.
Ground beef, 85% lean, $2.40 per pound, but only in 5- and 10-pound rolls.
And that's a special price (but no coupons needed, no limit), not the usual price.
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3.09 per lb in the roll, 4.79 per lb for 85% in a pack.
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3.09 per lb in the roll, 4.79 per lb for 85% in a pack.
That price of $2.40 per pound surprised me, because it was at the grocery store where the Country Club set shops.
It's not close to "expiration date," and there were tons of it.
The market's being glutted right now--thus my advice that one stock up now, and during the next couple of weeks, if one has a freezer--but it's going to be a different story altogether once the cattle growers have nothing more to send to market.
I figure the last week of October, hamburger will be sky-high.
Of course, remember, franksolich is not a market expert.
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That price of $2.40 per pound surprised me, because it was at the grocery store where the Country Club set shops.
It's not close to "expiration date," and there were tons of it.
The market's being glutted right now--thus my advice that one stock up now, and during the next couple of weeks, if one has a freezer--but it's going to be a different story altogether once the cattle growers have nothing more to send to market.
I figure the last week of October, hamburger will be sky-high.
Of course, remember, franksolich is not a market expert.
Pitched in on a half a cow in the spring time. I have more hamburger than I know what to do with right now, and my freezer is currently broken, so until it is fixed, or replaced, I have no room for anything more. Which stinks.
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I'm a cow's half full kinda guy.
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I think we're paying just about $4.00 for 80%. Ground Turkey is actually getting cheaper to buy.
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I've gotten to where I use venison in my spaghetti and chili. I still use ground beef for hamburgers, though.
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I think we're paying just about $4.00 for 80%. Ground Turkey LOBSTER is actually getting cheaper to buy.
Fixed it for up here. I'm serious. Market Basket live and kickin lobsters are $3.99/lb. Places in town are charging $3.25-3.50, and if you go to the docks you're looking at under $3/lb.
Even the local Walmart (ours has HUGE lobsters) are under $5/lb.
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Fixed it for up here. I'm serious. Market Basket live and kickin lobsters are $3.99/lb. Places in town are charging $3.25-3.50, and if you go to the docks you're looking at under $3/lb.
Even the local Walmart (ours has HUGE lobsters) are under $5/lb.
Sigh. I'm trying to talk my wife into moving to NH. Her dad is up there. I wanna live where lobster is cheaper than ground beef.
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Went to get gas and coffee at 5 am this morning. Flipped on the radio and got half the story. Obama is going to spend XXX millions of government money to buy up "drought" caused sales of cows, chickens, turkeys, etc. and he said, The government has large freezers"....which to me means their going to rent space in public coolers to keep the prices artificially high until the "drought" caused shortage kicks in and drives the prices up more.
The Obama Plan: Bust the government and starve the people too. Worked for Stalin.
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Well, last night at the grocery store in the big city, there was "81% lean" ground beef for $1.99 a pound.
I've never heard of "81%," but that's what the labels said.
This again was at the store where the County Club set shops; one of those places with a cashier at every register, no waiting in line, and a carry-out boy at the other end. A whole army of butchers behind the meat-counter, ready to comply with every whim. And helpful people in every single damned aisle.
I don't shop there because I'm a member of any Country Club set; it's just that it's geographically convenient for me, and being a single person who has to get groceries only for myself, it doesn't make a whole lot of difference if something costs me $3 there, or $2 in a major grocery store.
Whatever involves dealing with the least traffic.
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Went to get gas and coffee at 5 am this morning. Flipped on the radio and got half the story. Obama is going to spend XXX millions of government money to buy up "drought" caused sales of cows, chickens, turkeys, etc. and he said, The government has large freezers"....which to me means their going to rent space in public coolers to keep the prices artificially high until the "drought" caused shortage kicks in and drives the prices up more.
The Obama Plan: Bust the government and starve the people too. Worked for Stalin.
Yeah, $170,000,000 worth.
That's a drop in the bucket; they shouldn't even be wasting your and my money for it, because it's so meaningless an amount, although Barack Milhous is trying to make it sound like a hundred or a thousand times more than that.
Barack Milhous is going down, no matter what he does.
There's hope for America.
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Yeah, $170,000,000 worth.
That's a drop in the bucket; they shouldn't even be wasting your and my money for it, because it's so meaningless an amount, although Barack Milhous is trying to make it sound like a hundred or a thousand times more than that.
Barack Milhous is going down, no matter what he does.
There's hope for America.
I guess this means "his people" will be eating very well while the rest of us put up with artificially controlled prices. Maybe they will start offering "gubmint meat" instead of "gubmint cheese".
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I was at Kroger yesterday and checked some prices. The store brand hamburger in the sealed tubes was $3 a pound, three times higher than chicken and nearly twice as much as the pork. The store-ground stuff in the sealed styrofoam trays were slightly more and the steaks were astronomical. I picked up my usual chuckeye on sale for $4.50 a pound but the other cuts of steak were twice that much.
Looks like I'm going to be eating chicken for a while.
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I'm a cow's half full kinda guy.
:lmao:
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Fixed it for up here. I'm serious. Market Basket live and kickin lobsters are $3.99/lb. Places in town are charging $3.25-3.50, and if you go to the docks you're looking at under $3/lb.
Even the local Walmart (ours has HUGE lobsters) are under $5/lb.
Lobster sounds good right now.
I was never crazy about crabs. :censored: :rotf:
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Today my flyers show Krogers has beef rolls for 1.99/lb, and Tom Thumb has 93% lean for 2.99/lb.
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Today my flyers show Krogers has beef rolls for 1.99/lb, and Tom Thumb has 93% lean for 2.99/lb.
Must be a sale or coupon price. Or it MIGHT be because you're in Texas.
By the time they drive the beef up here with diesel prices today, three bucks a pound sounds about right.
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Must be a sale or coupon price. Or it MIGHT be because you're in Texas.
By the time they drive the beef up here with diesel prices today, three bucks a pound sounds about right.
Same here.
Sometimes a little more, sometimes a little less. Three day weekends usually turn it into a "door buster item."
The only cows in my town are at a large dairy. If you get drunk enough you might find one on a bar stool. :lmao:
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Must be a sale or coupon price. Or it MIGHT be because you're in Texas.
By the time they drive the beef up here with diesel prices today, three bucks a pound sounds about right.
It's in the advertisements as this weekend sales, which are way cheaper than they have been. I don't like buying that roll meat. Gotta see my meat before I buy it. :whatever: Pork loin chops are on sale for 1.99/lb, and drumsticks are on sale for .99/lb. Super great time for my freezer to go out. :thatsright:
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I don't care for drumsticks... I prefer thighs and they're just as cheap. Slap 'em in the oven, come back in 10 minutes, and they're done. I'm all about convenience.
I bought my pork loins when they were 99 cents a pound. I still have one in the freezer.
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I don't care for drumsticks... I prefer thighs and they're just as cheap. Slap 'em in the oven, come back in 10 minutes, and they're done.
I'm all about convenience.
I don't like em either.
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I don't care for drumsticks... I prefer thighs and they're just as cheap. Slap 'em in the oven, come back in 10 minutes, and they're done.
I'm all about convenience.
Leg quarters are usually cheaper than either thighs or drumsticks for some reason. All of those are usually cheaper than wings though. :banghead:
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It's in the advertisements as this weekend sales, which are way cheaper than they have been. I don't like buying that roll meat. Gotta see my meat before I buy it. :whatever: Pork loin chops are on sale for 1.99/lb, and drumsticks are on sale for .99/lb. Super great time for my freezer to go out. :thatsright:
That roll meat might be pink slime! :-)
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I don't care for drumsticks... I prefer thighs and they're just as cheap. Slap 'em in the oven, come back in 10 minutes, and they're done. I'm all about convenience.
I bought my pork loins when they were 99 cents a pound. I still have one in the freezer.
I'm not a fan of dark meat. At least not when it comes to poultry. :-)
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That roll meat might be pink slime! :-)
You just never know.....
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I just called a local meat processing plant.
Price for beef, processed from the side, is currently $2.69 per pound, hanging weight.
A half of a half of a steer goes for about $450 and a half a steer goes anywhere from $850-900.
I asked the gal how the prices have been of late, and she said pretty steady - but that rumor has it that prices will rise.
Based on that, it doesn't sound to me like ranchers are dumping their steers on the market - the cost of beef is still pretty damned high. :o
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Based on that, it doesn't sound to me like ranchers are dumping their steers on the market - the cost of beef is still pretty damned high.
Oh, they are.
There's hardly any cattle around here any more.
And a couple of weeks ago, there was front-page story in the Omaha World-Herald about a cattle producer in your own neck of the woods, sir, northern Missouri, who was compelled to dump thousands of heads on the market prematurely because of the drought.
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Oh, they are.
There's hardly any cattle around here any more.
And a couple of weeks ago, there was front-page story in the Omaha World-Herald about a cattle producer in your own neck of the woods, sir, northern Missouri, who was compelled to dump thousands of heads on the market prematurely because of the drought.
Okay, fair enough, but that hasn't had a huge impact on the price of beef, evidently.
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Okay, fair enough, but that hasn't had a huge impact on the price of beef, evidently.
It might be too early; supply and price don't always move in tandem.
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Okay, fair enough, but that hasn't had a huge impact on the price of beef, evidently.
And one could argue that the price has actually already declined, when compared with the inflation in all other goods (i.e., a steady price might actually be a "decline," because the cost of everything else has increased).
I dunno.
One phenomenon I've noticed--such as the meat section of both the grocery store with the marqee in front, and the more hoi polloi Hy-Vee--is that it seems there's considerably more "shelf space" devoted to hamburger than there used to be.
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It might be too early; supply and price don't always move in tandem.
True - but then why would the gal tell me that beef prices are expected to rise?
Beef futures have fallen slightly, but still not significantly.
WAPO and AP article (http://www.washingtonpost.com/business/wheat-corn-oat-and-soybean-futures-rise-on-the-cbot-beef-and-pork-prices-fall/2012/08/15/260db1ac-e717-11e1-9739-eef99c5fb285_story.html)
Here's a beef report - most of which is Greek to me, but this stuck out:
Cooler weather will set the stage for improved domestic demand
And
The supply of feeder cattle is short
http://www.agcenter.com/newcattlereport.aspx
I'm no cattle guy, of course, but there seem to be a lot of variables here at work, not just whether or not a few ranchers dumped their cattle on the market. Increased rain has eased things a little bit, apparently.
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I'm no cattle guy, of course, but there seem to be a lot of variables here at work, not just whether or not a few ranchers dumped their cattle on the market. Increased rain has eased things a little bit, apparently.
You're exactly right, Eupher; there's a lot of variables in economics.
That's why economics is such an inexact science (to put it mildly).
Economics generally considers only six or half a dozen known-and-measurable variables, when in fact in real life what happens is caused by millions of variables, a single one of which can alter the case considerably.
For me, economics is fun, but no more than that.
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You're exactly right, Eupher; there's a lot of variables in economics.
That's why economics is such an inexact science (to put it mildly).
Economics generally considers only six or half a dozen known-and-measurable variables, when in fact in real life what happens is caused by millions of variables, a single one of which can alter the case considerably.
For me, economics is fun, but no more than that.
Well, beyond the usual supply and demand curve and the crap I was fed a long time ago vis a vis John Maynard Keynes, I don't know enough about economics to even be dangerous.
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$3.09/lb for 75% lean. What is really messed up is the chicken prices. Thighs, drumsticks and split breasts were all $1.89/lb but wings were $2.29/lb. I'm glad I don't buy wings.
Semi-boneless ribeyes were on sale @ $6.99/lb.
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but that rumor has it that prices will rise.
She was trying to get you to "buy"
They are keeping the price high because everyone is buying expecting higher prices later, causing an early demand now.
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She was trying to get you to "buy"
They are keeping the price high because everyone is buying expecting higher prices later, causing an early demand now.
Yeah, I thought about that, but checked out the market analysis anyway to see if she was doing her bit to bring in biz or if she was correct.
I tend to think prices will rise, especially later in the fall. They're already ridiculous, but they'll get even stupider.
Pork - the other white meat - when you get tired of chicken.
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"Semi-boneless."
WTF? It's either boneless or it's not. The majority of marketing practices suck the big one. :mad:
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"Semi-boneless."
WTF? It's either boneless or it's not. :mad:
They take out some of the bones, but they don't tell you which ones. :-)
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"Semi-boneless."
I knew a guy like that :rimshot:
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I knew a guy like that :rimshot:
I can well imagine..... :p
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I'm not a fan of dark meat. At least not when it comes to poultry. :-)
I see what you did there.
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I see what you did there.
O-)
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Bought some ground chuck, 80% lean for $3.09/lb on sale. The wife is making stuffed pasta shells this weekend. :drool:
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Today while in the big city I stopped off at the superbig supermarket where the hoi polloi shops, Hy-Vee.
I don't care much for Hy-Vee in that their stores are way too big. I'm usually going in for only four or five items, and it's a hassle to have to walk six miles through the store. This is another reason I prefer to shop at the much smaller grocery store with a marquee in front and with valet parking. The prices are higher, but damn, one doesn't have to wear hiking boots.
Anyway.
90% lean ground beef, regular price, $4.49 per pound.
85% lean ground beef, regular price, $2.50 per pound, 10 pounds minimum.
There was something called "pork steaks" on special, at $1.88 per pound. I dunno what those are; they looked real, and as if somewhat lighter versions of beef eye of round.
I'm no expert on meat.
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Today in the big city, at the new grocery store where the hoi polloi shops, covering acres and acres and acres, the regular price of ground beef, 90% lean, was $4.49 a pound.
I've noticed something.
It used to be that beef products were about half the whole half-mile length of the meat section (the already-packaged meat section, not the half-mile row of windows and counters in front of the butchers), with pork, poultry, and fish taking up the rest of its length.
Now it appears that pork is starting to dominate, easily 40% of the length--not quite half--and more space than what beef takes up.
Boneless pork loin, on special, $1.88 per pound.
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Frank, I have noticed the same Pork to Beef ratio here in Texas for about the last month or so.
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Frank, I have noticed the same Pork to Beef ratio here in Texas for about the last month or so.
What I've found odd is that pork's been touted as the ideal cook-out food.
I don't pay attention to everything, and perhaps this has been done before, but it's the first I've seen it done.
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What I've found odd is that pork's been touted as the ideal cook-out food.
I don't pay attention to everything, and perhaps this has been done before, but it's the first I've seen it done.
Same way in my flyers here too. Odd indeed.
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Yesterday I noticed several cuts of pork on sale for under $2/lb. but almost all hamburger is over $3/lb and steaks and beef roasts go from $4 and up.
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I picked up a 3 lb or larger package of boneless top sirloin (I got the petite cut that were nice and thick) for 3.99 lb from Smiths, which is owned by Kroger. Darn good steaks. Much better then a ribeye I had a popular Iowa restaurant that cost me twenty bucks.
I also picked up black Angus ground beef 85/15 for 3.49 lb.
I was happy with both deals and have a few steaks in the freezer without breaking my debit card.