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Billy_Brummel
06-14-2007, 09:13 AM
From the Christian Science Monitor: "From Milk to Meat, US Food Prices Spike upward"

http://www.csmonitor.com/2007/0613/p01s01-usec.html

A few excerpts:

Inflation in grocery aisles is up by more in the first six months of 2007 than in all of 2006. That means food costs are on track for the biggest annual percentage hike since 1980, according to the Labor Department. The anticipated 7.5 percent increase would readily outflank the 2.6 percent core inflation rate to date, which excludes food and energy. It's across every grocery aisle, too, from burgers to bagels, from duck to dumpling.

The chief culprit is corn, namely No. 2 feed corn, the staple of the breadbasket. In answer to President Bush's call for greater oil independence, the amount of feed corn distilled into ethanol is expected to double in the next five to six years. Distillation is already sucking up 18 percent of the total crop. The ethanol gambit, in turn, is sending corn prices to historic levels topping $4 per bushel earlier this year, and remaining high. All of this trickles down to the boards at the Chicago Mercantile Exchange, affecting the price of everything from sirloin to eggs (which are up, by the way, 18.6 percent across the nation).

Garrett Smith
06-14-2007, 10:48 AM
So does this mean grassfed/pastured items (likely not included much if at all in this survey) are likely to be unaffected as much?

Billy_Brummel
06-14-2007, 11:15 AM
That's what I took away from it. Save for the rising cost of oil, it doesn't look like any of the factors that are affecting the price increases would touch grassfed folks.

Chris Forbis
06-14-2007, 03:11 PM
They might raise their prices some when they see grain-fed prices go up...

Paul Findley
06-14-2007, 03:20 PM
One time I asked my liquor store guy why the hell the price of a 6 pack of my fav. ale was $7.50. He said, well believe it or not, its all based on how BUD prices their beer. BUD (aka the tide) goes up, then everyone plays catch-up.

I suspect that the premium on grass-fed beef will be "protected" and will rise as well.

EDIT: what he said.