July 4th barbecues will cost more this year
Meat prices are rising overall, even as pork declines. Veggies, too, are higher now than in 2012.
As of May, meat prices were up 0.6% over year ago, led by a 5.6% gain in chicken, according to government data. Ground beef prices are up 1.1% and are at record levels in inflated-adjusted terms, according to Richard Voipe, an economist at the U.S. Department of Agriculture.
"We are definitely seeing consumers buying more poultry," said Volpe in an interview with MSN moneyNOW. "Meat supplies remain tight, more so for ground beef."
Indeed, data from the USDA show that the cost of a home-cooked cheeseburger was $2.07 as of April, a 61% gain since 2000. Other food-at-home prices have surged 41% during that same period.
Prices, though, are starting to soften. According to Bloomberg News, demand for beef is slowing as consumers switch to lower-cost chicken and pork. Pork prices have actually dropped by 0.2% as exports tumbled. Demand pegged to the coming July Fourth holiday has probably been factored into these prices.
"While wholesale beef dropped 6 percent in the past four weeks to $1.9869 a pound, pork fetched $1.0698 a pound and chicken cost $1.0575, according to government data," the news service said.
Consumers, though, should consider themselves lucky. Food inflation has been worse. Prices for beef and veal are forecast to increase between 3% to 4% this year, down from the 6.4% increase seen in 2012. Poultry prices may jump 3% to 4% as well, which is below the 5.5% increase seen last year.
Even vegetarians can't escape higher prices. After falling 5.1% last year, fresh vegetables are expected to gain 4% to 5% this year.
Follow Jonathan Berr on Twitter @jdberr.
Might as well have fun before the next collapse.
Now 25-30 years ago it held some significance but now, nope. Its just like Thanksgiving or CHristmas, people just want to make it through the week and can't wait till its past.
I love articles like this. Yesterday I seen one that said GAS PLUMMETED 4 CENTS TODAY! I thought really? 4 cents is a plummet? How can gas inch up 45 cents then plummet 4 cents. Give me a break. Also BEEF is what OVER PRICED for dinner. I still have a wild hog hind quarter and about 5 deer steaks left over from hunting season I will be cooking up for July 4th. I`m not buying into their stupidity. If I did have to buy meat it would be pork country ribs. Boil them in beer then onto the grill for some mesquite smoking, You cant go wrong there. Better than steak.
Just where do these IDIOTS get their information?.
Pork and chicken prices have been going UP not down, for the last 9 months. We USE to get nice country style ribs last year, for $.89 lb for bone in and $1.09 lb for boneless. all thru the fall and winter the prices have gone up each and every week. Now they are $1.79 lb and $1.99 lb.
Same for chicken.
Crappy 73% lean ground chuck (I think faces, legs, tails and most organ meat now constitute CHUCK) is $3.49 lb ON SALE!.
Wonder if BAMMER eats this SH!T?.
A good deal of the price increase you are seeing is a direct result of all the illegal voters, libs and demoncraps. Why you ask, because of all the mandates directing minimums of corn (i.e., feed) to be used for inefficient water wasting ethanol it has forced the markets to adjust.
Oh, I forgot. The illegals, libs and demoncraps don't care because many of them get automatic adjustments from the government. That is more from your check given to them.
If the producers around the world have bad growing seasons for whatever reason and the dollar keeps loosing value then the b.s. numbers posted in this article are nothing compared to what's coming.
Are you enjoying obummers Amerika?
Why celebrate "independence day" if you can no longer afford it.
If you can, quit yer bitchin' and eat yer mush, if you didn't grow it,
then you can't put a price on it.
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