mmmmmm Hungry! When we gona eat!

[lonestarnot]

http://www.rawstory.com/news/mochila/Food_industry_says_prices_headed_up_02212008.html
Food industry says prices headed up again in '08


Rene Pastor
Reuters US Online Report Domestic News

Feb 21, 2008 15:02 EST

WASHINGTON (Reuters) - Americans who dug deeper into their pockets for groceries last year will face sticker shock again this year when shopping for food, experts said on Thursday.



"There's going to be real food inflation in this country," C. Larry Pope, president and chief executive of U.S. beef processor Smithfield Foods Inc., said at the U.S. Agriculture Department's annual outlook conference.

Prices of grain futures have surged lately. For example, wheat futures have more than doubled on the Chicago Board of Trade over the last 12 months. Pope said meat shoppers eventually will pay for the rally because farmers who raise livestock cannot absorb the sharp escalation in feed costs.

[Donkeykick]

1. I'll Say!

Not to long ago I purchased a box of "Little Debbie" oatmeal creme snacks; they used to be two for five bucks, but now they're two for six bucks. :eyes:

[Buzz Clik]

5. Your comment can be taken in only one of two ways:

1) You don't shop for food -- someone does it for you.
2) You are wealthy enough that increases in food costs mean nothing to you.

[Donkeykick]

10. Answer.

Your post made no sense. :eyes:

Take note:

1) You don't shop for food -- someone does it for you.

If that were the case than why would I have noticed the difference in the cost? :popcorn:

2) You are wealthy enough that increases in food costs mean nothing to you.

This one really gets me! Does this resemble what a CEO would eat at lunch or an actual blue collar worker? :popcorn:

[Buzz Clik]

12. Clearly you're just too smart for me. Please explain your original comment. Use small words.

[lonestarnot]

6. Maybe you want to switch to twinkies... ah hahahahahaha

:eyes: :rofl:

[enid602]

2. inflation

Food inflation will be an even more pressing problem in the undeveloped world, from what I read.

[tanyev]

3. GWB, Jan 2000: "You're working hard to put food on your family."

Working harder than ever after 7 years of that moron.

[Edweird]

4. It's real. And it's happening.

And it sucks.

I wonder how much of it is related to actual market forces (ie drought) vs a bunch of assholes with too much money already that are just trying to make more (ie gas prices and that fake energy crisis where Enron made a killing)?

[Akoto]

7. I don't see how they can get around it.

It takes gas to get the feed and fertilizer to the farms. Takes gas to run the farm equipment. Takes gas to get the food from the farm, to the distributor, to the grocery store.

Given the price of gas, I don't see how food prices can't rise.

[ordinaryaveragegirl]

8. Food prices are already inflated.

$4 for a gallon of milk...insane! I remember when it was $1.69, and that wasn't so long ago.

[Frustratedlady]

9. Nearly all fresh fruits/veggies have risen out of sight.

They just sit and rot, as no one will pay those prices. I stocked up on canned good last fall, as I could see prices weren't going to settle back into place. But the price of bakery bread has risen to $2.89/loaf and bananas were 59 cents per pound this week.

So, I'm back to baking my own bread and eating canned fruit and veggies.

I don't know how young families with children...especially, teens...can make it. The price of milk alone would be enough to throw the food budget off. I get the feeling that George enjoys our dilemma. That's what we get for hating him so. Jerk!

[alfredo]

11. I heard the dreaded word: stagflation. Ethanol will do little good except

to make a agribusiness a lot of money.

Raise the CAFE standards to 35 mpg and save the grains for food.