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(The Raw Story)   Drought = loss of crops. Loss of crops = lack of animal feed. Lack of animal feed = mass slaughter of farm animals. Mass slaughter of farm animals = 14% jump in food prices. Enjoy your $120 steak, dawg   (rawstory.com) divider line 243
    More: Scary, food prices, massacres, crops, Rabobank, rises  
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6858 clicks; posted to Main » on 19 Sep 2012 at 3:47 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-19 11:08:42 AM  
Yeah but beef is cheap now and my family who grows corn is going to clean up on their irrigated fields
 
2012-09-19 11:13:07 AM  
If only we weren't using corn to fuel our vehicles.
 
2012-09-19 11:20:47 AM  
Hey, $106...$120...meh.
 
2012-09-19 11:22:50 AM  
Good thing I live off of pasta!!
 
2012-09-19 11:25:36 AM  
Fat people problems.
 
2012-09-19 11:34:37 AM  

Aarontology: Fat people problems.


Considering that food prices are already high around the world, and high food prices tend to cause riots, I think it's a bit more of a problem than that.
 
2012-09-19 11:34:44 AM  
Ah well. At least those damned vegans will be starving along side us. NO VEGGIES FOR YOU!
 
2012-09-19 11:37:16 AM  

GAT_00: Aarontology: Fat people problems.

Considering that food prices are already high around the world, and high food prices tend to cause riots, I think it's a bit more of a problem than that.


Oh, I agree. Just making a joke.

I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat.

As much as I love a nice steak, I acknowledge that it's a very, very wasteful use of resources.
 
2012-09-19 11:58:26 AM  

Aarontology: GAT_00: Aarontology: Fat people problems.

Considering that food prices are already high around the world, and high food prices tend to cause riots, I think it's a bit more of a problem than that.

Oh, I agree. Just making a joke.

I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat.

As much as I love a nice steak, I acknowledge that it's a very, very wasteful use of resources.


We're 'Murricans, dammit!!! We have a god-given right to eat beef. It's even in the Constitution!
 
2012-09-19 12:01:22 PM  
A steak that costs $120 after a 14% increase cost $105.26 before the increase. I don't think the people eating hundred-dollar steaks are really the ones I'm worried about.
 
2012-09-19 12:09:14 PM  
This is why the USDA recently lifted its ban on Kobe beef.
 
2012-09-19 12:15:05 PM  
Victory Patriot Gardens!
 
2012-09-19 12:33:27 PM  
But I'm a vegetarian dawg.

/Except for bacon. No one can resist bacon.

img.photobucket.com
 
2012-09-19 12:45:42 PM  
This is a good time to be increasing fruit, veggies, and nuts in your diet.

I was told the first two weeks was the hardest. . . They lied :/ God, I'd kill for a burger.
 
2012-09-19 12:49:07 PM  
But if there are mounds of slaughtered farm animals laying about shouldn't the price go *down*?
 
2012-09-19 01:02:23 PM  

Aarontology: GAT_00: Aarontology: Fat people problems.

Considering that food prices are already high around the world, and high food prices tend to cause riots, I think it's a bit more of a problem than that.

Oh, I agree. Just making a joke.

I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat..


And ethanol. And HFCS
 
2012-09-19 01:03:12 PM  
Just picked up our take on a steer we commissioned this past week. About $0.20 higher ($2.78#) for the Angus cut to order this time. My tenderloin steaks cost less than ground beef at the megamart and the whole lot is far superior than anything in the store.

/still biatched about the twenty cents LOL
 
2012-09-19 01:04:27 PM  

Aarontology: I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat.


I'm no expert on the subject, but I think the corn farmers grow for fuel, HFCS, and animal feed is not really optimal for human consumption. I've seen people try to eat those brands of corn before, and they described it as pretty god awful nasty.

Now, they probably could use the farm acreage to grow the kind of tasty corn that we'd eat.
 
2012-09-19 01:06:44 PM  

jj325: And ethanol. And HFCS


Yep.

Cythraul: I'm no expert on the subject, but I think the corn farmers grow for fuel, HFCS, and animal feed is not really optimal for human consumption. I've seen people try to eat those brands of corn before, and they described it as pretty god awful nasty.

Now, they probably could use the farm acreage to grow the kind of tasty corn that we'd eat.


I think you're right about that.
 
2012-09-19 01:08:50 PM  
The report said the mass slaughter of pigs had led to a steep decline in the price of pork for delivery next month,

Time to stock up on bacon.
 
2012-09-19 01:09:39 PM  

jj325: I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat..

And ethanol. And HFCS


The field corn used to feed livestock is pretty much only edible when it's converted to HFCS.
 
2012-09-19 01:18:56 PM  
Meh. I will literally pay up words of $200 for a properly cooked (medium well) steak that doesn't drown out the flavor of the A1/Ketchup combo because, hey bro, irregardless of the price? YOLO.
 
2012-09-19 01:22:16 PM  

thismomentinblackhistory: Meh. I will literally pay up words of $200 for a properly cooked (medium well) steak that doesn't drown out the flavor of the A1/Ketchup combo because, hey bro, irregardless of the price? YOLO.


You should try Dennis's, Denny's new upscale place.
 
2012-09-19 01:35:22 PM  

Mr. Coffee Nerves: But if there are mounds of slaughtered farm animals laying about shouldn't the price go *down*?


It will, actually. There will be a mass slaughter, prices will drop, then they'll shoot up higher than they were before.

Cythraul: I'm no expert on the subject, but I think the corn farmers grow for fuel, HFCS, and animal feed is not really optimal for human consumption. I've seen people try to eat those brands of corn before, and they described it as pretty god awful nasty.

Now, they probably could use the farm acreage to grow the kind of tasty corn that we'd eat.


"Dent" corn is the stuff grown for animal feed, HFCS, and other industrial purposes.

The sweet corn that humans like to eat only represents about 1% of the total corn acreage in the US.
 
2012-09-19 02:05:05 PM  

Mr. Coffee Nerves: But if there are mounds of slaughtered farm animals laying about shouldn't the price go *down*?


Um, in the very short term. Then think about a few months AFTER they've all been slaughtered and gone to market. There will be many fewer animals then, so...
 
Pud
2012-09-19 02:43:07 PM  
Just feed the cattle Soylent Green.

/It's the cirrrcllle of liiifffe

t2.gstatic.com
 
2012-09-19 02:44:01 PM  

WorldCitizen: Um, in the very short term. Then think about a few months AFTER they've all been slaughtered and gone to market. There will be many fewer animals then, so...


And that is when ranchers have to go back to buy more heads of cattle to up their inventory. Or they have to breed their numbers up again. Which takes time and time is money
 
2012-09-19 02:56:48 PM  
Wait until you see what happens when the shortage happens in a year.
 
2012-09-19 03:16:15 PM  
Just don't tip your waiter. Problem solved.

/tip your waiter folks. don't be an asshole.
 
2012-09-19 03:35:58 PM  
Vermont Angus.
Surrounded by it.
It's the only beef I eat.
 
2012-09-19 03:47:12 PM  

Aarontology: GAT_00: Aarontology: Fat people problems.

Considering that food prices are already high around the world, and high food prices tend to cause riots, I think it's a bit more of a problem than that.

Oh, I agree. Just making a joke.

I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat.

As much as I love a nice steak, I acknowledge that it's a very, very wasteful use of resources.


Feed Corn is different that Sweet (what humans eat) corn.
 
2012-09-19 03:48:42 PM  
The multimillionaire head of Glencore has said the US drought will be "good" for the commodities trader because it will lead to opportunities to exploit soaring prices.

I think that says pretty much it all.

You might want to consider just WHY such huge amounts of the cash crop, corn, was grabbed up to make ethanol fuel, ignoring the many cheaper, less valuable alternatives, like yard waste. Following the grab, a global shortage popped up, which jacked the food prices up nearly everywhere.

I mentioned my suspicions back when the grab was initiated.

The 70's beef shortage jacked meat prices up to obscene levels, including secondary meats such as pork -- which took a huge jump -- and chicken. Shortly after, seafood too a major price increase.

The beef shortage ended within two years. The meat prices never returned to normal. After all, major profits were then involved.

Billionaires started popping up nearly overnight.
 
2012-09-19 03:50:40 PM  
Ok, I need an economics education. Why wouldn't a increase in marketable meat not lower the price?

/art history major
 
2012-09-19 03:51:00 PM  

thismomentinblackhistory: Meh. I will literally pay up words of $200 for a properly cooked (medium well) steak that doesn't drown out the flavor of the A1/Ketchup combo because, hey bro, irregardless of the price? YOLO.


That's some serious troll concentrate.
 
2012-09-19 03:52:41 PM  

dj_bigbird: If only we weren't using corn to fuel our vehicles.


If only we weren't using corn to fuel our unhealthy overconsumption of meat and high calorie beverages.
 
2012-09-19 03:54:14 PM  
It will soothe you to know that the Corps of engineers in FloriDUH will be dumping the excess brown water from Okeechobee into our Blue Rivers because the lake is just TOO DAMN HIGH!

http://www.tcpalm.com/news/2012/sep/18/starting-wednesday-morning-lak e -o-water-coming/
 
2012-09-19 03:54:41 PM  
Can't we just eat the children?
 
2012-09-19 03:54:42 PM  

swaxhog: Ok, I need an economics education. Why wouldn't a increase in marketable meat not lower the price?

/art history major


I assume it's because it's a short-term bump in supply, followed by a medium-term shortage. Or maybe by a long-term shortage, depending on what happens with the climate in the U.S. midwest. I'm starting to look up recipes for jellyfish, myself.
 
2012-09-19 03:54:55 PM  

Rik01: The multimillionaire head of Glencore has said the US drought will be "good" for the commodities trader because it will lead to opportunities to exploit soaring prices.

I think that says pretty much it all.

You might want to consider just WHY such huge amounts of the cash crop, corn, was grabbed up to make ethanol fuel, ignoring the many cheaper, less valuable alternatives, like yard waste. Following the grab, a global shortage popped up, which jacked the food prices up nearly everywhere.

I mentioned my suspicions back when the grab was initiated.

The 70's beef shortage jacked meat prices up to obscene levels, including secondary meats such as pork -- which took a huge jump -- and chicken. Shortly after, seafood too a major price increase.

The beef shortage ended within two years. The meat prices never returned to normal. After all, major profits were then involved.

Billionaires started popping up nearly overnight.


I want in! Not for the money, though; I just want to laugh at the hungry from my ivory tower and shout: "Let them eat cake!"
 
2012-09-19 03:55:39 PM  

Aarontology: GAT_00: Aarontology: Fat people problems.

Considering that food prices are already high around the world, and high food prices tend to cause riots, I think it's a bit more of a problem than that.

Oh, I agree. Just making a joke.

I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat.

As much as I love a nice steak, I acknowledge that it's a very, very wasteful use of resources.


Meh. Economics. Chapters 3 - 10 of the Wealth of Nations describe the fluctuations between the price of beef and the price of grain, how they are linked, what impacts they have on other labors, etc. Super interesting if you're into theoretical history. It's trending towards waste lately. But the existence of a beef industry drove our agricultural investments, which in turn lowered the cost of beef from "this is luxurious" to "grind that shiat up and put it in everything." Decreasing the cost of beef necessarily decreased the value of feed grain, driving an increase in land usage for food-quality grains which lowered the cost of grain. The interactions between these two markets, before and after the agricultural revolution are nuanced examples of any Economic Interaction.

Here, we have a multiplying effect because of ethanol. If we have less corn, then we have fewer healthy cows to make into delicious steaks. We ALSO have less ethanol, which is gonna raise the price of gas, which in turn will raise the cost of shipping. An increase that will surely be asdded to the consumer price of ALL foodstuffs if this condition persists for much longer. That we're seeing this drought during hurricane season is also driving oil speculators up the farking wall. With no reliable US refinement capacity, people are sitting on drums of oil. Drums of oil that are getting increasingly expensive to ship to the refineries...

and around and around we go.
 
2012-09-19 03:55:49 PM  

GoldSpider:
If only we weren't using corn to fuel our unhealthy overconsumption of meat and high calorie beverages.


www.andreaharner.com

Bite your tongue . . .
 
2012-09-19 03:55:53 PM  

dj_bigbird: If only we weren't using corn to fuel our vehicles.


And to destroy my 2 cycle lawn equipment.
 
2012-09-19 03:56:17 PM  

tobcc: Aarontology: GAT_00: Aarontology: Fat people problems.

Considering that food prices are already high around the world, and high food prices tend to cause riots, I think it's a bit more of a problem than that.

Oh, I agree. Just making a joke.

I think one of the problems here is that all that corn is being used to feed animals instead of being used to feed people. You could feed a hell of a lot of people with the corn that is used to produce meat.

As much as I love a nice steak, I acknowledge that it's a very, very wasteful use of resources.

Feed Corn is different that Sweet (what humans eat) corn.


Land, however, is still land.
 
2012-09-19 03:57:22 PM  

Siberwulf: Can't we just eat the children?


It's called veal.
 
2012-09-19 03:59:36 PM  
I was expecting a 47% increase in prices.

OldManDownDRoad: GoldSpider:
If only we weren't using corn to fuel our unhealthy overconsumption of meat and high calorie beverages.

[www.andreaharner.com image 500x332]

Bite your tongue . . .


Brace yourself. I stopped at package store to get some scotch and bourbon for the old liquor cabinet. 1.75L Johnny Walker Red Label: $43. 1.75L Maker's Mark: $47.50. The bourbon was up nearly ten dollars from the last time I bought it.
 
2012-09-19 04:01:58 PM  
WHO NEEDS CROPS I RIDE THE BUS
 
2012-09-19 04:02:11 PM  

Mr. Coffee Nerves: But if there are mounds of slaughtered farm animals laying about shouldn't the price go *down*?


Right now yes but it will go up later when there's none left 
Stock your freezer.
 
2012-09-19 04:02:32 PM  

swaxhog: Ok, I need an economics education. Why wouldn't a increase in marketable meat not lower the price?

/art history major


Slaughter your breeding stock today and prices may fall today. But next summer, as TFA predicts, there will be far fewer cattle and prices will soar.
 
2012-09-19 04:03:06 PM  
I slaughtered and butchered a goat in my backyard last weekend to fill my freezers. Whats this about inflating meat prices? Next week i'm going to grab a feral hog for $40. Meats cheap affordable if you dont mind getting your hands a lil messy.
 
2012-09-19 04:03:29 PM  

JackieRabbit: I was expecting a 47% increase in prices.

Brace yourself. I stopped at package store to get some scotch and bourbon for the old liquor cabinet. 1.75L Johnny Walker Red Label: $43. 1.75L Maker's Mark: $47.50. The bourbon was up nearly ten dollars from the last time I bought it.


Yeah, I had that experience last week. Expecting some company I went by the store to get some bourbon, Irish, and Scotch for my guests. The prices burned the writing off my debit card.
 
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