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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRecord Meat Costs Mean Pricey Barbecues: Chart of the Day
http://www.bloomberg.com/news/2014-05-08/record-meat-costs-mean-pricey-barbecues-chart-of-the-day.htmlConsumers in the U.S. will probably pay the most ever for meat this grilling season as costs for pork and beef surge, according to the American Farm Bureau Federation.
The CHART OF THE DAY shows that average prices for ground beef climbed to a record $3.698 a pound in March, the highest since at least 1984, and retail pork-chops reached $3.824 a pound, the costliest since at least 1998, according to the Bureau of Labor Statistics.
Farmers and ranchers are raising smaller numbers of hogs and cattle, John Anderson, the bureaus deputy chief economist, said in a statement. This is the key factor contributing to higher retail meat-prices, a trend that is likely to continue through the summer and, at least for beef, into next year.
The U.S. cattle herd started the year at the smallest since 1951 as ranchers struggled to recover from years of drought. Cow slaughter fell 7 percent in the first quarter of 2014, signaling that animals are being held back for breeding. The start of a herd expansion can take almost three years. American pork production may drop as much as 7 percent as a piglet-killing virus spread, Rabobank International estimates.
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Record Meat Costs Mean Pricey Barbecues: Chart of the Day (Original Post)
xchrom
May 2014
OP
yeoman6987
(14,449 posts)1. I love BBQ's and will continue them
There is nothing better then grilling hot dogs and hamburgers, making potato salad and macaroni salad, baked beans, corn on the cob on the grill, and so much more.....Yum! I will most likely have the first BBQ in a few days (if not then definitely Memorial Day weekend)
frylock
(34,825 posts)2. it's just a matter of time before we see that $1000 Bundy Burger..
the 'baggers tried to warn us!
KoKo
(84,711 posts)3. Lots of that pork is going to China since Smithfield got bought out by Chinese interests.
So...there's more than piglet death going on. It's helping our Trade Deficit. So enjoy your pork barbeque while you can still afford it. It might even lead to scarcities at home since Smithfield bought up most of the independent Pork Producers we used to have.
Or, try to buy local if there are still a few pig farmers in your area.
MineralMan
(146,317 posts)4. Well, I just bought a full rack of pork spareribs to cook
for my mother-in-law on Sunday. She loves 'em, so she's getting 'em. She deserves it, too.