Ground Beef Soars To $6 Per Pound In Southern California
By Martin Hill
LibertyFight.com
January 27, 2015


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As fuel prices remain low, grocery prices continue to soar. We stopped by the grocery store this morning to get stuff for tacos, and ground beef is $6 per lb. in So. Cal today, and that's for 15% fat - non organic!

Costo currently lists USDA Certified Organic Grass-Fed 85/15 Ground Beef 16 oz. Portions 12-pack at $114.99, which is a cost of 9.58 per lb.

The USDA Economic Research Service, in their report Food Price Outlook, 2015 stated "Beef and veal prices continued to rise, increasing 18.7 percent year-over-year. Prices remain high, as the U.S. cattle inventory is currently at a historical low. While recent rains in the Southern Plains and Southwest have improved pasture conditions somewhat, the drought still continues in these regions. Most retail beef prices, on average, are also at record highs, even after adjusting for inflation. ERS predicts beef and veal prices will increase 5.0 to 6.0 percent in 2015."

Most of the high-priced ground beef in the display at Stater Brothers Market this morning was unsold, so they had an orange 'manager's special' sticker on them, which brought the price down to $4.40. My opinion is that Stater Bros is a good quality full-service supermarket (established in 1936) which has a reputation for a quality meat department and low prices. They have also refused to ever use 'loyalty cards', which I appreciate. Meanwhile, Wal-Mart "neighborhood markets' are springing up everywhere in Southern California, even in locations where Walmart Supercenters already exist nearby. These mini-Walmarts offer shoddy selection, higher prices in many cases, and non-existent service.

Ground Beef soars to $6 per lb. in So. Cal


There were many news reports warning of this grocery price increase in 2014:


The United States Department of Agriculture Economic Research Service Summary Findings, in their report Food Price Outlook, 2015 stated, in part
The all-items Consumer Price Index (CPI), a measure of economy-wide inflation, fell 0.6 percent from November to December and is 0.8 percent above the December 2013 level... The food-at-home (grocery store or supermarket food items) CPI was up 0.4 percent in December and is 3.7 percent higher than last December. ERS revises its food price forecasts if the conditions (such as the feed grain crop outlook or weather-related crop conditions) on which they are based change significantly. Despite the effects of the 2014 drought in the Southwest and California, retail food price inflation rates approached the historical average of 2.6 percent per year. In 2014, the food-at-home CPI increased 2.4 percent. The most notable annual inflation increases were seen in the perimeter of the grocery store�retail beef and veal, pork, eggs, fish and seafood, dairy, and fresh fruit experienced above-average price increases. Alternatively, items in the center aisles of grocery stores experienced below-average inflation or, in some instances, even deflation. In 2014, prices fell for fresh vegetables, sugars and sweets, and nonalcoholic beverages. While overall food price inflation was average, inflation across food categories covered a broad spectrum. Looking ahead to 2015, ERS predicts that supermarket (food-at-home) prices will see normal to slightly-lower-than-average food price inflation, increasing 2.0 to 3.0 percent. Meat prices will likely continue to experience the effects of the Texas/Oklahoma drought and Porcine Epidemic Diarrhea virus (PEDv) in the immediate future, as farmers' decisions on calving and herd sizes based on current conditions are felt down the line due to the 6- to 18-month production process. This forecast is based on an assumption of normal weather conditions; however, severe weather events could potentially drive up food prices beyond the current forecasts. In particular, the ongoing drought in California could have large and lasting effects on fruit, vegetable, dairy, and egg prices. Conversely, if oil prices continue to fall or remain low throughout 2015, subsequent decreases in production and transportation costs may be passed on to the retail level.

Changes to Food Category CPI Forecasts
The food-at-home CPI is an average of individual food CPIs, weighted by their relative importance or share of consumer expenditures.
Beef and veal prices continued to rise, increasing 0.7 percent from November to December and 18.7 percent year-over-year. Prices remain high, as the U.S. cattle inventory is currently at a historical low. While recent rains in the Southern Plains and Southwest have improved pasture conditions somewhat, the drought still continues in these regions. In addition, improved crop yields allow cattle producers to feed cattle longer and to hold cattle for expansion. Many producers are holding on to their inventory to increase live weights, as steer and heifer prices have hit record highs. Most retail beef prices, on average, are also at record highs, even after adjusting for inflation. ERS predicts beef and veal prices will increase 5.0 to 6.0 percent in 2015.

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Martin Hill is a Catholic paleoconservative and civil rights advocate. His work has been featured in the Los Angeles Daily News, San Gabriel Valley Tribune, The Orange County Register, KNBC4 TV Los Angeles, The Press Enterprise, LewRockwell.com, WhatReallyHappened.com, Infowars.com, PrisonPlanet.com, Economic Policy Journal, TargetLiberty.com, FreedomsPhoenix, Haaretz, TMZ, Veterans Today, Jonathan Turley blog, The Dr. Katherine Albrecht Show, National Motorists Association, AmericanFreePress.net, RomanCatholicReport.com, WorldNetDaily, HenryMakow.com, OverdriveOnline.com, Educate-Yourself.org, TexeMarrs.com, Dr. Kevin Barrett's Truth Jihad radio show, Strike-The-Root.com, Pasadena Weekly, ActivistPost.com, Los Angeles Catholic Lay Mission Newspaper, KFI AM 640, IamtheWitness.com, Redlands Daily Facts, SaveTheMales.ca, BlackBoxVoting, The Michael Badnarik Show, The Wayne Madsen Report, Devvy.com, Rense.com, FromTheTrenchesWorldReport.com, BeforeItsNews.com, The Contra Costa Times, Pasadena Star News, Silicon Valley Mercury News, Long Beach Press Telegram, Inland Valley Daily Bulletin, L.A. Harbor Daily Breeze, CopBlock.org, DavidIcke.com, Whittier Daily News, KCLA FM Hollywood, The Fullerton Observer, Antiwar.com, From The Trenches World Report, and many others. Archives can be found at LibertyFight.com and DontWakeMeUp.Org.



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